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Sysnet Global Solutions Acquires NuArx to Expand Solutions and Market Position in North America.
The acquisition expands Sysnet s commitment to delivering cyber security and compliance solutions to organizations globally.
Sysnet Global Solutions, a leading provider of cyber security and compliance solutions, today announces that it has acquired NuArx, Inc. to further enhance Sysnet s technology platform and accelerate its market expansion. NuArx, Inc. is a market-leading provider of PCI compliance, managed security and digital transformation solutions for the restaurant, convenience, grocery and retail industries throughout North America, and is headquartered in Southfield, MI.
The acquisition comes at a time when cyber-criminal activity is increasing drastically, significantly impacting businesses of all sizes. Recent reports show that COVID-19 has provided opportunities for cyber criminals to increase activity and innovation, a secular trend that threatens the stability and bu
Sysnet raises $65m in debt funding and clinches another acquisition
The Irish business has acquired its third company in the last month and raised further funding from backers.
Sysnet, a Dublin-based payments security company, has raised $65m in debt funding as it rolls on with its latest acquisition.
The company has acquired NuArx, a US-based firm providing security solutions for payments technology. It marks the Irish company’s third acquisition in recent weeks, after it scooped up Viking Cloud and the managed compliance solutions division of ControlScan in December – all businesses in the cybersecurity and compliance space.
Sysnet chief executive Gabe Moynagh said the deals are part of the company’s growth strategy as it expands further in the US and Europe.