Quantum Group, the UK-based fintech and security incubator, is pleased to announce the acquisition of cyber security and digital forensics specialist company, Forensic Control.
The part cash, part shares deal will see the Forensic Control team, led by Founder and Managing Director, Jonathan Krause, become shareholders in Quantum Group, which has announced its plan to list on the London Stock Exchange in the next 12-18 months.
Founded in 2008, Forensic Control provides cyber security consultancy and solutions to organisations and their executives to help assess, prevent, and respond to cyber dangers and incidents.
The Company works in partnership with many leading cyber security and IT companies in the UK, including IASME and the NCSC. These relationships have enabled Forensic Control to become Cyber Essentials Certification assessors.
The acquisition of Forensic Control strengthens Quantum Group’s cyber security capabilities. The Company will work alongside Group company, Valkyrie, which provides a diverse range of domestic and international clients with an unmatched blend of cyber and physical security services.
Powered by a team with deep roots in elite military units and intelligence services, Valkyrie was founded in 2009, and offers companies, individuals and governments, support with among other areas: Technical Surveillance Counter Measures (or bug sweeping), Covert Surveillance, Physical & Personal Security and Physical Penetration Testing
Quantum Group also includes the FCA regulated, transaction, payments, and expenses company Volopa, which utilises its relationship with Valkyrie to provide enhanced cyber security solutions to its growing list of clients, and Verve. Verve is an FCA regulated, cashback and rewards solutions provider which recently announced a collaboration with ANNA Money to power its cashback programme to ANNA Money’s growing base of card users.
Peter Malmstrom, Co-Founder, Quantum Group, said: “Forensic Control is a highly accredited, specialist, cyber security service provider that will significantly increase our inhouse core delivery in one of the biggest growth sectors. Corporate and private clients are increasingly understanding more about cyber security and are moving to mitigate this area of increasing risk. We are delighted that Jonathan, and the team are joining Quantum Group.
“The acquisition strengthens the Group and is the first of a number of M&A deals we intend to do in both our security and fintech divisions, as we look to scale the business and optimise its value ahead of our planned IPO, late next year.”
“Forensic Control’s focus on cutting edge technology, bespoke solutions, and commitment to world class customer service, aligns closely with our own approach and core principals as a Group. The deal significantly adds to the existing cyber security capabilities provided by Valkyrie, expanding what is already a market leading offer to existing and new clients around the world.
Jonathan Krause, Founder and Managing Director, Forensic Control, added: “The Quantum Group will provide us with a platform to scale the business and we are excited to be a part of it. Working alongside Valkyrie opens a huge growth opportunity for us to cross sell our core competencies, and we share and support Quantum’s vision for the future.”
