Sergej Khackimullin - Fotolia
Nebulas snapped up by expansive SecureLink
Security specialist Nebulas has been acquired by Investcorp and will become part of the investment player's SecureLink operation
Every security vendor knows the name Nebulas and its reputation as a home grown specialist that has established a very strong reputation.
Understandably it is not just the vendor community and rivals that have noticed the development of Nebulas but also investment company Investcorp has taken an interest.As a result the company, along with its portfolio company SecureLink Group has acquired Nebulas for an undisclosed sum.
They get a fifteen year old business that has 50 staff and a customer bases across mid to large UK enterprises. the channel player's founder and CEO Nick Garlick is coming over as part of the deal along with the rest of the team.
The plan is to combine Nebulas with the recent acquisition of Scandinavian player Coresec Systems to create an operation selling into sex countries in Europe, with 550 staff and €235m in revenue.
Carsten Hagenbucher, managing director in Investcorp’s Corporate Investment team in Europe, claimed that the combined entity would be the second largest cyber security player in Europe.
“The Nebulas acquisition gives us access to new markets, increased scale, a diversified product offering and a wealth of new talent and expertise. With this second add-on acquisition we believe we are one step closer to forming the leader in pan-European cyber security and we think Nebulas is the perfect fit as we continue building upon this goal," he said.
The new owners of Nebulas view the UK as the largest security market in Europe and saw a chance to buy Nebulas as a chance to step up its European expansion and get much more of a foothold in Britain.
“The UK is the largest and most advanced IT security market in Europe and Nebulas has built a formidable business focused on providing best in class cyber security services to its clients," said Marco Barkmeijer, CEO of SecureLink.