Integrity360 expands European footprint with Adsigo purchase
Integrity360 has acquired payment card industry (PCI) qualified security assessor and cyber security services company Adsigo. Financial terms of the transaction were not disclosed. The acquisition will enable Integrity360 to expand further into continental Europe and provides additional skilled resources to its existing substantial PCI and cyber security compliance teams.
Founded in 2013, Adsigo serves financial, industrial, and services customers across Germany, Austria and Switzerland.
It operates out of Stuttgart, Hamburg and Zurich. Adsigo has a leading position in PCI compliance and operates as one of the leading qualified security assessor organisations in Europe having completed over 1,500 assessments.
Integrity360 has said it has plans to invest further in Adsigo to become a regional hub for the full suite of Integrity360 services during 2025 including the addition of a new security operations centre in Germany, which will be combined with the existing team of 130 already working in the field for Integrity360 out of Dublin, Stockholm, Naples and Sofia.
The SOC teams deliver a wide-ranging set of managed services for customers including endpoint detection and response; extended detection and response; and managed detection and response.
Ralph Woern, founder and chief executive officer, Adsigo said: “I am really delighted that Adsigo is joining Integrity360 and continuing the journey that we started some 20 years ago. Thanks to the support of our customers and employees, Adsigo has become a leading QSA [qualified security assessor] and provider of cyber services in Germany, Austria and Switzerland… Our skills, combined with those of Integrity360, will provide an extension of our portfolio of professional, support and managed services. This is great news for employees, customers, and partners.”
Ian Brown, executive chairman at Integrity360, said: “We have known Ralph and Stephan for some time and both organisations share the same passion for technical excellence and customer service as we do. The enhanced group will now significantly expand our existing activities and cyber services across the DACH [Germany, Austria and Switzerland] region as well as offering the wider range of Integrity360 services to the existing customers of Adsigo. With the addition of Adsigo, group revenues in 2024 will exceed €135 million significantly up on 2023, and group resources to approximately 550 employees.”
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