TeamSystem Enters Cybersecurity Arena with Muscope Acquisition

In a strategic move, Italian tech company TeamSystem has announced its acquisition of Muscope Cybersecurity, marking its entry into the rapidly expanding cybersecurity sector. With cybercrime incidents surging by 65% in Italy and rising threats attracting global attention, the acquisition seeks to offer robust cybersecurity solutions to TeamSystem's 2 million clients, primarily small and medium-sized enterprises (SMEs). Muscope's innovative platform, Muscope|Risk, provides deep vulnerability assessments by simulating hacker attack scenarios using proprietary algorithms. This acquisition aligns with predictions of Italy's cybersecurity market reaching a value of 2.5 billion euros by 2026, supported by a 10% annual growth rate. TeamSystem's new venture, branded as TeamSystem Cybersecurity, aims to fortify the digital defenses of Italian businesses, complying with European regulations like DORA and NIS2 while tapping into public incentives for cybersecurity enhancement. CEO Federico Leproux emphasizes this deal as a pivotal step in positioning TeamSystem at the forefront of digital transformation services. With advanced AI-driven technologies, TeamSystem Cybersecurity offers comprehensive protection measures, ensuring client identity and data remain secure. This development signifies TeamSystem's commitment to expanding its service portfolio and strengthening Italy's digital infrastructure.