Press Release - 7th April 2024
Press Release
7th April 2024
Redsquid bolsters their security team with new acquisition in City of London
Redsquid, has announced its acquisition of Computer Security Technology (CST). This MSP specialises in advanced cyber security solutions, providing managed services and consultancy that protect businesses from digital threats and vulnerabilities. Redsquid’s acquisition aims to strengthen their position in the cyber security field, ensuring comprehensive protection and robust security measures for their clients.
Redsquid supercharges security posture
This acquisition underlines Redsquid’s strategic objective to expand upon the security capabilities we have in house, to be able to support the continuous demand from customers. The added team of 15 brings Redsquid added skills, assessors and security professionals including:
- ISO27001 Lead implementer
- ISO 27001: 2022 Transition provider
- Cyber Essentials Assessor
- Cyber Assurance Assessor
- Cyber Essentials Plus Assessor
- CISSP – Certified Information Systems Security Professional
- CSTM – Cyber Scheme Team Member
- AWS Cloud Security Specialist
Strengthening Cybersecurity and IT Services
With 27 years behind them, CST is one of the longest standing security providers within the UK, and Redsquid is excited about the added value that brings to the group, as a part of our continuous efforts to bolster our security team and enhance our service offerings. This strategic move marks a significant milestone in Redsquid’s commitment to providing top-tier security solutions to our clients across the UK.
CST brings a wealth of expertise and a highly skilled security team that will seamlessly integrate into Redsquid’s operations. Their extensive experience in cybersecurity, including threat detection, risk management, and incident response, will be invaluable as we strive to supercharge our security posture.
A City of London office
Based in City of London, Redsquid is now adding the Liverpool Street based office to their locations as it continuous to expands its geographical reach. With a large customer base of central London based enterprises, this will act as Redsquid 5th permanent office location, that also includes the HQ in Borehamwood, Aberdeen, Pinewood Studios and Warner Brother Studios.
Strengthening Our Security Team
The acquisition of CST not only expands Redsquid’s security team but also enriches the collective expertise. The collaboration between Redsquid and CST’s security professionals will foster a culture of continuous improvement and innovation, driving us to stay ahead of the curve in the rapidly changing cybersecurity landscape.
Sohin Raithatha, CEO of Redsquid, shared his excitement: “We are very pleased to welcome CST into the Redsquid Community as we get ready for the evolving security environment over the next few years. With an increased threat level – we have more security conversations that ever before and CST brings the experienced team and technologies into the organisation that allows us to bring the best security solutions to our customers at pace.”
Nigel Lewis – founder of Computer Security Technology added: “This provides Redsquid customers with our Cyber Security expertise, experience, and associated Security portfolio. Conversely, CST’s customer will benefit from an enhanced portfolio and skill set that has a broader technology appeal beyond pure-play Cyber, such as Microsoft, Managed Services and Communication. In these volatile times, customers expect comprehensive portfolios, the resource to support them and, the optimum ROI. This accomplishes this for all the customers, delivering greater choice and industry expertise.”
The acquisition of CST was facilitated with strategic advice from Altenburg Advisory and marks another large acquisition for Redsquid which brings 15 new team members focused on cyber security and consultancy personnel to continue Redsquid demand for managed IT and Security services. Supported by ThinCats, this is Redsquid 1st acquisition this year, and 4th in the last 12 months.
Stuart Thompson, Head of Transitional Capital, of ThinCats, said: “We are delighted to continue our support of Redsquid as Sohin and the team deliver’s their growth aspirations of becoming a national IT solutions provider. We are excited about what lies ahead for the business and looking forward to playing our part in the future.”
Founders Sohin Raithatha and Vince Mignacca remain as the only shareholders and will continue to lead the company, having successfully grown it over the last 18 years.
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About Redsquid
At Redsquid, we are dedicated to transforming the way our customers do business through innovative IT consultancy and support services. As a certified B Corporation, we prioritize sustainability and social responsibility while partnering with industry leaders like Microsoft to deliver state-of-the-art solutions. Our mission is to enhance efficiency, boost productivity, and reduce costs for our customers, helping them stay ahead in the ever-evolving technology landscape.
About Computer Security Technology
Founded in 1997, CST is a London based specialist supplier of cyber security and information protection solutions. After 27 years, CST is one of the longest established specialists within the UK. With a team including accessors of CE, CE+ and ISO certifications, CST offer a variety of services within the security area.
For more information about Redsquid, please visit: www.redsquid.co.uk