NCC Group plc (LSE: NCC, “NCC Group” or “the Group), the international, independent provider of Escrow and Assurance Services, has acquired US-based Intrepidus Group, Inc. (“Intrepidus”), an independent security research and testing services provider primarily focused in the mobile telecommunications sector.
- Intrepidus is a leading US security testing services provider with many blue chip clients particularly in the telecommunications and financial services sectors
- Provides a range of services to detect security flaws in mobile devices, applications, systems and networks, complementary to NCC Group’s existing capabilities
- Substantially increases NCC Group’s presence in New York where it now has the largest testing team
Rob Cotton, NCC Group Chief Executive, said:
“Intrepidus is a highly respected business with an extremely strong presence in the rapidly growing mobile telecommunications sector.
“This acquisition is an important strategic development for us as it considerably widens our range of offerings, as well as industry IP, and brings a number of new blue chip technology customers.
“Intrepidus will further increase our profile and capabilities in the significant New York market where we now have the largest testing team. It already has an excellent record of growth and we are confident that it will continue to thrive with the additional resources of the wider Group”
Acquisition of Intrepidus
Over the last 12 years the Group has secured a leading global position in security research, testing, advice and forensics as well as web performance testing through a combination of organic and acquired growth.
The purchase of Intrepidus is the Group’s ninth in the network testing and software security space and the third in North America. The acquisition will substantially strengthen and complement the Group’s position in New York where the Group now has the largest security testing team.
The acquisition will enable NCC Group to offer a wider technical offering in both Europe and North America, as well as a broader range of information security assurance services as Intrepidus complements the Group’s existing capabilities.
Intrepidus is an independent security research and development firm, working with a number of large companies including wireless technology businesses and financial institutions to pinpoint and eradicate security flaws in mobile devices, applications, systems and networks, using a multitude of testing techniques.
Intrepidus was established in 2006, is headquartered in New York and has 19 employees, most of whom are testers.
Its clients include many blue chip organisations and 95% of its revenue is derived from the provision of services to the mobile telecommunications and financial services sectors. The business will be managed autonomously within the Group’s Assurance Division by the Intrepidus management team and will trade as Intrepidus, an NCC Group company.