22nd June 2022
The Citation Group acquire cyber security specialist
The Citation Group, the Wilmslow-based compliance and quality management specialists, has acquired cyber security firm Mitigate Cyber as it continues to expand its growing products and services range.
Dow Schofield Watts’ North West transaction services team advised The Citation Group on the deal. Mitigate Cyber, which is based at the Lancaster University cyber security Centre of Excellence, offers a suite of products across penetration testing, certification and training, managed via a state-of-the-art, cloud-based hub.
The acquisition is a strategic move from The Citation Group and will enable it to add specialist information security consulting and software services while bolstering internal talent.
Chris Morris, Group CEO at The Citation Group, said: “Our vision is to create a one-stop SME ecosystem that provides the tools to keep businesses safe, sustainable and successful, and Mitigate Cyber adds perfectly to that.”
Ed Brentnall and Elliot Pledger of Dow Schofield Watts Transaction Services provided financial due diligence to The Citation Group – the ninth transaction on which the firm has advised in the past five years. Ed Brentnall said: “Cyber security has accelerated rapidly up the risk management agenda in recent years, now being a must have for any firm. Mitigate Cyber is an excellent addition to The Citation Group’s service mix”.