GrowthPoint Acted as Exclusive Financial Advisor to Integrity on its Acquisition by Devoteam
Portugal
Integrity is a cloud-based service platform
Paris, France – Devoteam, a leading digital consulting firm in EMEA continues to solidify its strategic focus on cybersecurity with the acquisition of Integrity, a cloud-based service platform, expert in Pentesting as a Service (PTaaS).
With this acquisition, Devoteam will strengthen its existing risk & compliance activities in consulting and will be able to offer managed services through a dedicated platform all over EMEA joining with Devoteam a community of 650 cyber security consultants.
In a context where the average cost of a data breach is $3.86 million as of 2020. (IBM) Personal data was involved in 58% of breaches in 2020 (Verizon).
Devoteam will now benefit from the experience of this specialist to assess and improve the level of security for its customers with a portfolio of innovative managed services such as Keep it Secure 24.
‘Our Devoteam offensive security activities were until now focused on specific targets for specific customers. With Integrity, their teams and platforms, we will be able to offer our services in a continuous and global way while keeping a high level of expertise.’ explained Renaud Templier, Devoteam Group Vice President – Trust & Cybersecurity
Integrity’s approach consists in a dynamic and continuous service, based on a proactive and reactive security evaluation: this implies a faster development cycle and greater customer agility and responsiveness.
‘Our integration with Devoteam will allow us to expand our offers to access a wider scope of geographies, clients and activities. It will reinforce our capacities in GRC (governance, risk & compliance) to address and hopefully anticipate CISO and DPO (Chief Information and Security Officers and Data Protection Officer) major concerns and stakes.’ commented Rui Shantilal, CEO & Co- Founder – Integrity
With offices in Portugal, Spain and the UK, Integrity serves more than 200 clients with its 85 collaborators. Integrity management team continues onboard managing the company and serving clients.
This acquisition will furthermore strengthen Devoteam operations in Portugal which are already strong thanks to 900 employees.