Herjavec Group expands into Europe with acquisition of Sysec Ltd.
TORONTO & LONDON, Feb. 3, 2015 /PRNewswire/ - Robert Herjavec, Founder and CEO of Herjavec Group and star of ABC's Emmy Award-winning hit show Shark Tank, announces the acquisition of Sysec™, a leading IT security solutions provider headquartered in the United Kingdom and the 2014 McAfee EMEA Accredited Certified Engineer (ACE) Partner of the Year. Sysec specializes in information, identity and infrastructure security, offering managed, consulting and professional services to over 200 enterprise clients across the United Kingdom and Europe. Sysec is forecasted to achieve over $20 million in sales revenue for 2015 and has developed a reputation for outstanding technical engineering talent. By acquiring Sysec, Herjavec Group expands its presence in the European IT security market and is well positioned to service its growing multinational customer base.
The Sysec transaction accelerates Herjavec Group's 3-year, $250 million expansion plan. "We started as a small Canadian firm and have grown exponentially over the past twelve years to 250 team members and $140 million in annual sales revenue," says Herjavec. "We recognize that the threat of cybercrime is a global challenge and this acquisition provides the platform for Herjavec Group to support our clients overseas with exceptional, localized, managed services 24/7/365"
Sysec's office in Reading, UK will now serve as Herjavec Group's European headquarters. The firm will be rebranded as Herjavec Group and continue to expand its product and service offerings throughout the United Kingdom and Europe. Cris Pikes, Sysec's Managing Director, who will lead Herjavec Group's European expansion remarks, "Herjavec Group is a world-class information security organization that shares Sysec's high-touch, customer-first approach. I am confident Herjavec Group will take our managed services practice to the next level."
The acquisition facilitates Herjavec Group's plans to complete its "follow-the-sun" technical support structure by developing a London-based Security Operations Centre (SOC) to complement the comprehensive support offered from its world-class, Payment Card Industry (PCI) compliant, Toronto-based SOC and its technical security centre in Las Vegas, Nevada. In addition, Herjavec Group expects to finalize construction of its Los Angeles, California SOC by close of Q1 2015.
"The work we do in enabling enterprises to be more secure has never had a greater focus on a global scale," says Herjavec. "I am so pleased to embark on our expansion into Europe and welcome the Sysec team to Herjavec Group."
About Herjavec Group
Dynamic IT entrepreneur Robert Herjavec founded Herjavec Group in 2003, and it quickly became one of North America's fastest-growing technology companies, accelerating from $400K to $140 million in sales annually over 12 years. Herjavec Group delivers managed security services globally supported by a state-of-the-art, PCI compliant Security Operations Centre (SOC), operated 24/7/365 by certified security professionals. This expertise is coupled with a leadership position across a wide range of functions including compliance, risk management & incident response. Herjavec Group has offices globally including three headquarters in Toronto (Canada), New York City (USA) and Reading (United Kingdom).
For more information, visit www.herjavecgroup.com.
SOURCE The Herjavec Group
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