London-based cybersecurity firm Quod Orbis, known for its Continuous Controls Monitoring (CCM) platform, has been acquired by Dedagroup, a digital transformation and innovation company based in Northern Italy.
Dedagroup, which boasts a 2023 revenue of £288 million ($366 million) and maintains offices across Europe and the US, aims to bolster its global Risk and Compliance strategy through this acquisition.
Dedagroup, already a user of Quod Orbis’s CCM platform, recognized the value of integrating this technology into its operations to meet the increasing demand for risk and governance tools that are propelled by technological and regulatory changes. “Throughout our acquisition strategy, we have always sought excellence,” said Marco Podini, Executive Chairman at Dedagroup. He emphasized the group’s commitment to continuous evolution to maximize technology benefits for clients and foster profound innovation in both public and private sectors.
Podini further highlighted the importance of ongoing observation, research, and integration as key to driving innovation. The acquisition is part of Dedagroup’s broader strategy to expand its investments from Italy to the international stage.
Quod Orbis will maintain its operational independence within Dedagroup, leveraging the community of companies to expand its global presence and support its growth ambitions. Martin Greenfield, CEO of Quod Orbis, stated that Dedagroup is a trusted partner to companies worldwide. “Like us, they have seen the growing demand across various industries for CCM solutions to reduce risk and enhance operational resilience,” Greenfield added.
The Quod Orbis CCM platform offers visibility into a company’s cybersecurity, compliance, and risk posture. It automates controls and supports the audit of extensive IT environments, thus providing efficient compliance management, reducing costs, and promoting better governance and operational resilience.
Dedagroup’s acquisition strategically enhances its Governance, Risk, and Compliance (GRC) capabilities. It integrates Quod Orbis’s solutions with Deda Cloud—Dedagroup’s Managed Cloud & Security Services Provider—and Hub Finance & Data, which focuses on Banking & Finance, Data, and Artificial Intelligence (AI). This move continues Dedagroup’s commitment to strengthening its GRC presence, a journey that began with the acquisition of Berma, specializing in AML and risk mitigation in 2022, and continued with Opentech in 2023, enhancing integrated GRC solutions.
Source: techerati.com
