Truesec Acquires Foresights to Bolster Cyber Security Solutions

Deal News | Dec 20, 2024 | IK Investment Partners (IK Partners)

Truesec Acquires Foresights to Bolster Cyber Security Solutions

In a strategic move to enhance its cyber security offerings, Truesec has announced the acquisition of Foresights, a company that specializes in cyber advisory and intelligence. This acquisition is part of Truesec's strategy to provide sustainability and resilience to organizations in an increasingly digital and threat-laden landscape. As cyber risk and geopolitics drive enterprises towards increased security measures, Truesec aims to combine its technical expertise with Foresight’s strategic insights to offer advanced solutions to mitigate business risks. This collaboration aligns with the trend where 35% of European businesses are setting dedicated budgets for cyber risk mitigation. Post-acquisition, Foresights' employees will be integrated into Truesec’s operations.

Sectors

  • Cyber Security
  • Technology
  • Business Advisory

Geography

  • Europe – The mention of European enterprises allocating budgets for cyber risk mitigation highlights the geographic focus.
  • Sweden – The headquarters and operational base of Truesec and the location where the acquisition details were announced.

Industry

  • Cyber Security – The article centers on the acquisition in the cyber security sector, highlighting the strategic combination of cyber advisory and intelligence services.
  • Technology – Involves the provision of technical expertise and solutions related to managing and mitigating cyber threats.
  • Business Advisory – Focuses on the strategic insights and risk management advisory services offered to organizations to enhance their resilience against cyber threats.

Financials

    Participants

    NameRoleTypeDescription
    TruesecAcquiring CompanyCompanyTruesec is a company specializing in cyber security solutions, enhancing its offerings by acquiring Foresights.
    ForesightsTarget CompanyCompanyForesights is a specialist in cyber advisory and intelligence, providing strategic insights into business risk management.
    IK Investment Partners (IK Partners)Private Equity FirmCompanyThe private equity firm involved in the backing of Truesec's strategic acquisition of Foresights.
    Anna AverudCEO, Truesec GroupPersonLeading Truesec, she announced the strategic acquisition and integration plans for Foresights.
    Rolf RosenvingeCEO, ForesightsPersonFounder and CEO of Foresights, emphasizing the strategic advantage gained from the acquisition.