Finnish cybersecurity company F-Secure has announced that it has agreed to acquire London-based industry counterpart MWR InfoSecurity in a deal valued at £80mn.
The merger will significantly bolster F-Secure’s existing operations, adding MWR’s Countercept, a leading threat detection platform, to its existing portfolio.
Further, the acquisition has been described by F-Secure as a significant milestone in its internal growth strategy, making the firm the largest European single source of cybersecurity, detection and response services.
“The acquisition brings MWR InfoSecurity’s industry-renowned technologies to F-Secure making our detection and response offering unrivaled,” said F-Secure CEO Samu Konttinen. “Their threat hunting platform (Countercept) is one of the most advanced in the market and is an excellent complement to our existing technologies.”
MWR, alongside its 400 employees, will join the F-Secure team, creating a combined company that is expected to become one of the world’s leading cybersecurity consultancies.
“We’ve always relied on research-driven innovations executed by the best people and technology. This approach has earned MWR InfoSecurity the trust of some of the largest organizations in the world,” says MWR InfoSecurity CEO Ian Shaw.
“We see this approach thriving at F-Secure, and we look forward to working together so that we can break new ground in the cyber security industry.”