Acquisition: SysGroup plc
SysGroup plc (SysGroup), a technology partner for the delivery of cloud, data and security services to power artificial intelligence and machine learning transformation, has announced its acquisition of the trade and assets of Crossword Consulting Limited (CCL), the consulting arm of Crossword Cybersecurity plc.
CCL offers specialised services such as virtual CISO support and penetration testing to medium and large enterprises. The acquisition will further strengthen SysGroup’s capabilities with the addition of 12 cybersecurity consultants and a customer base which includes FTSE 100, FTSE 250 and S&P-listed companies, providing cross-sell opportunities across multiple sectors.
Crowe's role and team
Crowe provided financial due diligence services. The transaction team was led by Mitesh Patelia, supported by Nathan Crawford and Alex Slater.
Client quote
"It was a pleasure to work with the team at Crowe, who worked efficiently to a tight deadline, enabling us to complete the acquisition as planned. This represents a significant opportunity for SysGroup to expand our capabilities within the cybersecurity sector."
Owen Phillips, Chief Financial Officer, SysGroup plc
