International escrow and assurance services provider NCC Group is to acquire US-based Matasano Security in £8.4m deal.
Matasano is a US security testing services provider with numerous blue chip clients particularly in software, IT, internet and financial services.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
The firm provides a range of services to detect security flaws in applications, systems and networks, using penetration testing, reverse engineering and source code review techniques.
According to the firm's website, Matasano's focus areas include: storage, virtualisation, financial, middleware, software protection, kernel security, enterprise technology, security product testing, 802.11 and authentication protocols,and embedded platforms.
The NCC Group said the acquisition will enable the group to expand the range of testing services it can provide across the US and Europe and enhance earnings.
"Matasano is a highly respected industry player and this acquisition is a key strategic development for us, said Rob Cotton, NCC Group chief executive.
The acquisition substantially increases NCC Group's presence and profile in the US, considerably widening its capabilities and industry IP, he said.
Cotton said Matasano's experienced and successful management team is staying with the Group.