Nebulas Teams up with European IT Security ‘Powerhouse’

Cyber security company Nebulas has teamed up with a company aiming to reach “powerhouse” status in the European IT security market.

The London firm has been acquired by SecureLink for an as yet undisclosed amount, with support from private equity company InvestCorp.

Just six weeks earlier, SecureLink purchased Nordic security VAR Coresec.

With Nebulas now a part of the team, SecureLink boasts 550 employees in the UK, Denmark, Norway, Sweden, Belgium, and the Netherlands, with a revenue €235m runrate.

Nick Garlick, managing director of Nebulas, told CRN that joining a European group is the next logical step for the firm, which disclosed £2m in net profits on revenues of £23.7m in the 12 months leading up to the end of March, 2016.

Nebulas is among the many security businesses in the UK to be acquired by pan-global or pan-European outfits. Garlick believes that scale represents a substantial advantage in the current market.

Garlick said:

“The market is evolving, and the key requirement we are seeing from customers now is to deliver a greater depth of services. Joining forces with the SecureLink Group gives us far greater combined resources and capabilities on a European scale to deliver a wider range of services from a greater pool of resources.”

The new acquisition is an indicator of how IT security is viewed in the marketplace today. All businesses need to wake up to how important a factor cyber security is in ensuring their business continues to thrive without interruption. By creating IT security jobs, they may just protect their company from unexpected disasters.