Accumuli boosts 2FA play with £2.6m Signify buyout

London-listed security player adds almost 300 customers and remote access security capabilities

Security VAR Accumuli is looking to bolster its managed services offering with the £2.6m acquisition of Signify Solutions.

Basingstoke-headquarted Accumuli hopes the takeover of the Cambridge firm will deepen its reach into the two-factor authentication (2FA) market.

Signifiy brings 282 customers to Accumuli, in markets including telecoms, manufacturing, law and healthcare.

The newly acquired firm's chief executive and significant shareholder Dave Abraham will help aid the integration in a consulting role, while all other executive and operations management will remain in place after the deal is closed. Signifiy employs 20 staff.

Gavin Lyons (pictured), Accumuli's chief executive, said that adding Signify's 2FA technology will be a great asset to his firm.

"Given the growing mobility of today's workforce, it is becoming increasingly important for all organisations to offer employees secure remote access to systems and information. Therefore, adding 2FA to our managed services offering represents the next logical step in our value proposition to help customers secure their business and reduce operating costs," he explained.

"Signify has a successful 13-year history in the provision of 2FA as a managed service, and has an enviable reputation for helping organisations to secure their networks. We look forward to welcoming Signify's employees to Accumuli so they can continue to deliver an exceptional service to our customers."

Accumuli is a public company listed on the AIM market of the London Stock Exchange with offices in Basingstoke and Leeds.