Babcock buys into cyber security sector

babcock

 

Engineering support services group Babcock International has acquired a cyber security company to strengthen its computer systems offering.

The FTSE 100 company paid £28m for ContextIS, with a deferred £4m to be paid in 2016, and it will operate alongside the group’s other consultancy businesses.

ContextIS, which turned over around £10m in its last full year, is a UK government-accredited supplier based in London and with offices in Germany and Australia.

Babcock said ContextIS had a strong reputation in its market and it is one of just five companies certified under the new national Cyber Incident Response scheme to deal with sophisticated, targeted attacks against networks of national significance.

ContextIS’s customers are typically public sector bodies or private companies that own or manage critical infrastructure

Babcock’s Chief Executive, Peter Rogers, said: ‘We have worked with ContextIS for some time and it is clear its specialist knowledge, intellect and experience will help us broaden our services in cyber infrastructure, where our customers have a paramount requirement for assurance and system availability.

‘The acquisition of ContextIS and its combination with our existing expertise in systems engineering creates a strong platform that will enhance the range of services we offer our clients and enable us to expand into new markets.’

– See more at: http://www.ifamagazine.com/news/babcock-buys-into-cyber-security-sector-289747#sthash.B1Ur4rNY.dpuf

 

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About Gregory D Evans

Gregory Evans is one of the worlds greatest security consultants. Go to http://GregoryDEvans.com for more details.
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