London-based cybersecurity firm Quod Orbis has been acquired by Dedagroup, a prominent Italian IT provider, marking a strategic move to expand internationally.
Quod Orbis specializes in Continuous Controls Monitoring (CCM), offering comprehensive visibility into cybersecurity, compliance, and risk management for businesses. Its platform automates control processes, enhances effectiveness, and supports extensive IT audits, promoting better governance, reduced risk, and faster operational resilience.
Following the acquisition, Quod Orbis will maintain its autonomy within the Dedagroup, leveraging the collective resources of the Group to establish a global footprint that aligns with its ambitious growth plans.
Dedagroup, headquartered in northern Italy with operations across Europe and the US, reported a revenue of €342 million in 2023. As a former customer of Quod Orbis, Dedagroup recognized the strategic value of its CCM platform, prompting the acquisition to bolster its global risk and compliance strategy.
Marco Podini, Executive Chairman of Dedagroup, emphasized the acquisition’s strategic rationale, stating, “Throughout our acquisition strategy, we prioritize excellence by evaluating each company’s offerings and their potential for integration within the Group to meet our clients’ evolving needs. This approach ensures that we continuously innovate and deliver maximum technological benefits to public and private enterprises.”
He further noted, “Our investment focus has expanded beyond Italy to international markets. The addition of Quod Orbis aligns perfectly with our strategy, enhancing our capability to address the increasing demand for robust risk and governance solutions driven by technological advancements and regulatory changes.”
Martin Greenfield, CEO of Quod Orbis, expressed enthusiasm about the acquisition, stating, “Dedagroup is renowned for its excellence and global partnerships. This acquisition marks an exciting new chapter for Quod Orbis, allowing us to better serve our existing and future clients across diverse industries.”
Greenfield added, “Our team’s dedication and expertise have paved the way for this significant milestone, enabling us to continue driving innovation in cybersecurity and risk management.”
Together, Quod Orbis and Dedagroup are poised to strengthen their market position and deliver enhanced value to clients worldwide through advanced CCM solutions tailored to modern business challenges.
Source: tech.eu
