Belfast-based cybersecurity company Cyphra has recently been acquired by Pixel, the parent organisation of British IT solutions provider, Perfect Image.
The acquisition is expected to create profits to the value of more than £4m for Pixel and as a result of Cyphra's addition, its managing director, Paddy Trainor has now also been added to Pixel’s board of directors.
Founded in 2014, Cyphra works with public sector organisations, government agencies and private enterprises to protect them from cyberattacks, such as ransomware.
Pixel hopes to bring together Cyphra’s expertise in cybersecurity and Perfect Image’s specialist mid-market IT services to expand its presence across the UK, including Northern Ireland.
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“Cyphra is a strategic acquisition for Pixel as we continue to build out our portfolio of market-leading IT managed services companies,” said Tom Kelly, chair of Pixel.
“We recognised that cybersecurity was fast becoming the major challenge for customers and having looked at the market we identified Cyphra as an ideal acquisition.”
Paddy Trainor added, “We are delighted to be joining Pixel as we look to accelerate our growth across the UK. This will enable us to continue our investment in our people, our partners and our customers and achieve our ambition of becoming the leading ‘pure-play’ cybersecurity company in the UK."
He also noted that Cyphra adds to Pixel’s UK-wide portfolio with its experience dealing with clients across the Northern Irish government and US-based private cyber vendors such as Palo Alto Networks, F5 and CyberArk.
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