Allurity Expands Its Cybersecurity Reach through Lyvoc Deal
Allurity Expands Its Cybersecurity Reach through Lyvoc Deal
Allurity is excited to announce the strategic acquisition of Lyvoc, a highly regarded cybersecurity integration partner known for aiding clients in their digital transformation journeys. This pivotal acquisition not only enhances Allurity's market position but also significantly broadens its cybersecurity offerings, which are essential in today’s rapidly evolving digital landscape.
Strengthening Cybersecurity Expertise
Lyvoc, located in France, brings extensive expertise in several crucial areas including Identity and Access Management (IAM), cloud security, and security compliance automation. With a dedicated team of over 50 cybersecurity professionals, Lyvoc has established strong alliances with key partners such as Okta for IAM, Drata for security compliance automation, and Wiz for cloud security solutions. The company's robust relationships with over 150 clients attest to its reliability and effectiveness in the cybersecurity domain.
Leadership Insights on the Acquisition
Frida Westerberg, the CEO of Allurity, expressed her enthusiasm for the acquisition, stating, "By merging with Lyvoc, we are significantly boosting our capabilities to deliver advanced cybersecurity integration services complemented by deep technical expertise. This move perfectly aligns with Allurity’s vision of becoming the foremost partner for tech-enabled cybersecurity solutions within Europe, thus amplifying our global influence."
Lyvoc's Perspective on the Future
Roland Kamara, the founder and CEO of Lyvoc, shared his excitement, highlighting that the partnership will allow for an expansion of their core offerings across multiple countries. He emphasized, "Together with Allurity, we are set to establish new standards in cybersecurity, ensuring our clients have access to superior protection and insightful analytics to combat evolving threats."
Allurity's Growing Network
With the inclusion of Lyvoc, the Allurity group now boasts a network of nine esteemed brands spread across Europe. This includes partners such as Aiuken in Spain, Arctic Group in Sweden, ID North in Portugal, CSIS in Denmark, SecAlliance in the UK, SECURIX in Switzerland, and SRLabs in Germany. This strategic growth is instrumental in Allurity’s goal to dominate the European cybersecurity market, currently generating around EUR 120 million in revenue while extending its services to clients worldwide.
About Allurity and Its Mission
Allurity stands as a consortium of tech-driven cybersecurity service providers dedicated to fostering a secure digital environment. The collective expertise of its nine premier brands enhances their ability to mitigate risks associated with cyber threats and offer comprehensive support to their clients. Backed by Trill Impact, a notable Swedish impact investor, Allurity prioritizes societal well-being while striving for sustainable financial growth.
About Lyvoc and Its Commitment
Lyvoc represents a dedicated team of cybersecurity professionals focused on accelerating and securing digital transformation for its customers. The partnership with industry leaders such as Okta, Wiz, and Drata places them at the forefront of providing integrated security solutions that protect identities and ensure compliance with regulatory standards.
Frequently Asked Questions
What is the significance of Allurity's acquisition of Lyvoc?
This acquisition enhances Allurity's cybersecurity capabilities and strengthens its presence in the European market.
How will the acquisition impact Allurity's services?
It will expand Allurity’s service offerings, allowing them to provide integrated cybersecurity solutions to a broader client base.
What expertise does Lyvoc bring to Allurity?
Lyvoc specializes in Identity and Access Management, cloud security, and compliance automation, enhancing Allurity's service spectrum.
What are the goals of Allurity post-acquisition?
Allurity aims to become the leading cybersecurity partner in Europe while continuing to drive innovation and security for its clients.
How many brands are now part of the Allurity group?
Allurity now encompasses nine cybersecurity brands across Europe, broadening its market reach and service diversity.
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