The transaction adds a third business to the Cyberfort Group, with Agenci joining ultra-secure hosting and managed services provider The Bunker, and cyber security testing business Arcturus.
Agenci is a consultancy that specialises in IT security, particularly ISO 27001 and GDPR. The Wakefield headquartered company also has offices in London, and works with a range of clients across the UK to help them meet legal and regulatory requirements.
Cyberfort Group, which is backed by Palatine Private Equity, is building an end-to-end data security proposition made up of world-class talent and infrastructure.
Andy Hague, CEO at Cyberfort Group said: "We searched for a best-in-breed cyber security consultancy and found that in Agenci. Proper strategic guidance is often the missing link when it comes to security and compliance. This is what Agenci provides and all the clients within our Group now stand to benefit from this world-class expertise.
"We have a clear vision for Cyberfort and we will continue to develop our proposition in order to deliver complete data assurance built around four pillars ‐ protect, detect, advise and shield. The risk and regulatory landscape is changing rapidly and we are perfectly placed to support businesses grappling with the challenges posed by information security."
Tom Barker, CEO at Agenci said: "We are proud to be working alongside industry leaders as part of the Cyberfort Group and to be taking this next step in the evolution of Agenci. This acquisition further enhances our proposition to our valued clients and strengthens our market position.
"With the noise around GDPR, the Data Protection Act 2018 and the upcoming ePrivacy regulation, data protection has gone mainstream and we are now fully positioned to not only ensure our clients achieve compliance, but benefit from it at the same time."
The event was a real success, raising over £9000 for Palatine’s chosen charity, OnSide. The money raised will allow Onside to continue their incredible work transforming the lives of young people by giving them somewhere to go, something to do and someone to talk to, 7 days a week.
Congratulations to the top hitters, DWF, and a huge thank you to everyone who took part - your contributions will make such a huge difference.
Please take a moment to watch our video from the event: https://vimeo.com/273492988
ZYROFISHER, formed in 2016 through the combination of cycling parts and accessories distributors Zyro and Fisher Outdoor Leisure has headquarters in Darlington in the north of England and represents over 50 market leading brands including Giro, SRAM and Tacx as well as its proprietary clothing, luggage and accessories brand, Altura.
RVF, based in Troyes, is a key partner for leading brands such as Sidi, Giro, Bell, CamelBak and Tacx in the French market and has established a strong position in the distribution of cycling parts and accessories in France.
Exxemm is headquartered in Annecy, France and is active in the Bike, Outdoor, Winter, and Water sports categories through RVF and Sportpulsion.
Following investment in ZYROFISHER by UK private equity firms Palatine Private Equity and LDC in 2017, this acquisition allows ZYROFISHER to build on the significant experience of both businesses in their respective territories to accelerate the growth of the combined group.
Matthew Barker, CEO of ZYROFISHER, said: "This acquisition is the first step in ZYROFISHER’s strategy of utilising our substantial experience and market leading proposition to support growth in markets where we see huge potential. We are thrilled to have the opportunity to work with Christophe Soenen and the RVF team to maximise RVF’s position in France."
Ed Fazakerley, Partner at Palatine Private Equity, said: "ZyroFisher has established itself as a leading provider of cycling equipment in the UK, and the acquisition of Royal Velo France will enable the company to build its footprint further in Europe."
Peter Hughes, president of Exxemm and former President of RVF said: "This acquisition will allow RVF to begin a new phase of its development by combining resources to benefit its customers and brand partners. I see a great fit between ZYROFISHER and RVF and wish the enlarged group the best of success for the future. Sportpulsion, which has always operated entirely independently of RVF will continue its own development in its current categories. "