Lloyd's Register (LR) has acquired Nettitude as it looks to bolster its cybersecurity services offering.
Nettitude broke the £10m revenue barrier in its fiscal year to 31 March 2017, on the back of 27 per cent growth, as operating profits widened from £515,000 to £644,000.
The Leamington Spa-based cybersecurity consultancy was founded in 2013 and employs 140 cybersecurity specialists globally.
LR claimed the acquisition strengthens its portfolio of cybersecurity services covering certification, compliance, training, auditing and security consulting to now include penetration testing, information security consulting, managed security services and incident response.
It claimed that together with Nettitude, the firms can provide a more complete suite of cybersecurity assurance services.
Alastair Marsh, chief executive of Lloyd's Register said: "This is an important acquisition for Lloyd's Register to enhance our capability in assuring the increasingly complex supply chains in which we operate.
"Information and operational technology security is a key concern for our clients across all sectors, as we see increasing dependencies on technology and challenges created by Industry 4.0."
Rowland Johnson, founder and CEO of Nettitude, said the combination of its focused cybersecurity capability and LR's ability to execute across a broad range of sectors will make a "formidable partnership".
"As the worlds of information technology and operating technology collide, the need to build integrated cybersecurity solutions will become essential," he added.
"LR's geographic reach, and vision for how technology and data will influence industry will supercharge Nettitude's growth, and provide significant synergies to LR's clients and partners."
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