European Integrity360 has acquired cyberscurity services compay Nclose, which operates out of both Cape Town and Johannesburg in South Africa. The terms of the transaction were not disclosed.
Integrity360 resources in South Africa now total over 180 employees and will maintain a regional hub, with the group operating across six SOC locations.
Nclose provides a range of cyber security solutions, including consulting, a full suite of managed services for cyber infrastructure, MDR services and solutions from cyber security vendors including CrowdStrike, Netskope, Tenable, McAfee, KnowBe4, Forcepoint and Sentinel One.
Nclose will add circa €18M to group revenues bringing the group on a 2024 pro forma basis to global revenues exceeding €150M with a team of approximately 675.
Significantly, Nclose's “Cyberfire” platform expcts to appeal to SME and mid-market organisations. Cyberfire will complement Integrity360’s existing Gartner-recognised MDR service.
“We are very excited to be welcoming the Nclose team to Integrity360. The journey they have been on since their formation in 2006 is highly impressive and we are looking forward to helping them provide an enhanced set of services to their customers and expanding further in the wider South African market during 2025 and beyond.
"The addition of CyberFire brings another service and growth capability to the group, further expanding the depth of Integrity360’s XDR and MDR portfolio for the benefit of our wider international customer base. I look forward to working closely with Stephen, Martin and the team over the coming years.” said Stephen Osler.
Martin Potgieter, Founders and Directors of Nclose, commented: “This is a momentous milestone for us, and we could not be more delighted that Nclose is joining Integrity360 and continuing the growth journey we started almost 20 years ago.
"Thanks to the support of our customers, partners and employees, Nclose has grown and flourished during that time, and having spent considerable time with Ian and the wider Integrity360 leadership team, we are confident that we will continue to do so being part of the Integrity360 group. We are excited about the future as an organisation, for our people and in particular for what the enhanced group can provide our customers and partners moving forward.”
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