NetSec scoops up Defcom

Thursday, 19 June 2003, 10:07 AM EST

London-based security consultancy Defcom Information Security has been bought out of administration by US managed security services firm NetSec. Financial terms of the deal, announced today, were not disclosed.

The newly acquired business will operate under the name of NetSec, and continue to deliver professional security services (e.g. penetration testing) to its European customers. These includes FTSE 100 organisations in the financial, insurance, manufacturing and government markets. It will also offer NetSec's portfolio of vulnerability and event management services.

Other managed security services, most notably Counterpane, have launched European offices only to retrench to the States and rely more on channel partners this side of the Atlantic. NetSec reckons competitors' European expansion plans were premature, but the time is now right for the market to expand in Europe.

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