Information risk management group SecureData Holdings has purchased 100% of SensePost, a privately owned company based in Pretoria which focuses on high-end security assessment and penetration testing services.
SensePost, founded in 2000, has achieved revenue growth in excess of 20% every year since its inception, with turnover for the year to end-February of more than R15m. SensePost co-founder and director of service delivery Charl van der Walt says the company anticipates further strong revenue and earnings growth.
Under the cash deal SensePost will continue to operate from its own premises as an independent business, with its own brand and under its own management. SecureData Holdings CEO Dean Brazier and SecureData Securities MD Brett Parker have been appointed to the SensePost board. SecureData Holdings, listed on the Johannesburg Securities Exchange, recently changed its name from ERP.Com.
Parker says SensePost is widely considered to be one of the market leaders worldwide in high-level security consulting and audit services. “We believe that the combination of their security expertise as well as SecureData's market reach and sales capability provide both companies with an excellent platform for growth into the future.”
He says SensePost will assist SecureData in driving a strategy which will position the group as a market leader across all aspects of security based solutions. SecureData is the largest security value-added distributor in Africa.
Van der Walt says SensePost brings technical proficiency, technology, intellectual property, skilled resources and thought leadership to the group, while SecureData provides longevity, an established brand, a strong national presence, financial leverage, market access and business leadership to the SensePost business.
“This move creates a very strong partnership between two respected companies where the strengths of each party can be leveraged to bring a broader, stronger and richer offering to the market,” he says.
“Moreover, our people get the security of a bigger group and greater scope for growth and development along with all the benefits of still working for a small company – our culture, our work, our environment, our location, our values and the prestige our brand.”
He says SensePost does work on five continents and counts many of the world's most prestigious corporations as some its clients. With this deal, SensePost will gain access to “a whole new set of markets”, stability, as well as the freedom to concentrate on what it does best. “The fit really looks and feels good.”
Parker says companies are moving more towards security solutions and are less focused on point solutions. “We believe the combination of SensePost services and SecureData implementation and support services will provide customers with a best-of-breed security solution portfolio from which to choose. Our channel partners will also benefit from increased influence and thought leadership provided from within the group.”
He says there will be opportunities to leverage some of the smart technologies developed by the SensePost team and possibly “productise” solutions for customers focused on security and network monitoring services.