ITC Secure aims to become a major force in the pan-European managed security services market by making a spate of acquisitions.
Talking to CRN last month for our Cybersecurity Provider Report, ITC founder and CEO Tom Millar (pictured) revealed that the firm is targeting a series of "six or seven" acquisitions around Europe as it looks to boost its revenues to €200m (£175m).
Docklands, London-based ITC turned over £14.3m in its fiscal year to 31 May 2016 and currently employs around 150 staff.
ITC was acquired for £24m by private equity firm C5 Capital in November 2016. At the time, C5 said the acquisition would be the first step of a broader strategy to consolidate the fast-growing and fragmented IT MSS market in Europe.
"C5 has a strategic plan to acquire more business around Europe and to make six or seven acquisitions in the next few years, and create a €200m business, with ITC acting as a platform for that growth," ITC's Millar added.
ITC, which is known for its prowess around ArcSight, got the ball rolling in December when it acquired the G3 Cyber Security practice of G3, a move it said would bolster its consultancy skills.
"We've had a very successful year, with lots of growth," said Millar. "We made our first acquisition in December and will be making another acquisition in Washington in the next few months."
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