Bureau Veritas Acquires Security Innovation Inc. to Reinforce Its Cybersecurity Expertise in the Software Domain
25 Luglio 2024 - 5:40PM
Business Wire
Bureau Veritas, a global leader in the Testing,
Inspection and Certification (TIC) industry, announces today it has
signed an agreement to acquire Security Innovation Inc., a US-based
specialized software security firm. This acquisition is aligned
with Bureau Veritas LEAP | 28 strategy to accelerate growth in
cybersecurity, a fast-growing strategic sector, and to create a new
stronghold.
Security Innovation will expand Bureau Veritas's client
portfolio and will establish a new cybersecurity hub for its
clients in the US with the opportunity to scale it globally.
Founded in 2002 and headquartered in Boston with offices in Seattle
and Pune (India), Security Innovation Inc. provides
state-of-the-art software security consulting and services focused
on software testing, Secure Software Development Lifecycle (SDLC)
advisory, and training. The company has a proven track record of
successfully addressing large private and public organizations’
software security services and is a recognized player in the US
market. This acquisition will add a strong network of 95 highly
skilled specialists to Bureau Veritas. Security Innovation
generated EUR 21 million in revenue in 2023.
“This acquisition reinforces our position in the fast-growing
cybersecurity market and is a key addition to our existing
portfolio with a focus on North America. It complements our
capabilities and will generate synergies to the benefit of our
customers. This is a fantastic opportunity to ramp up our existing
cybersecurity testing expertise and develop our AI/Large Language
Model (LLM) capabilities, positioning Bureau Veritas as the TIC
leader of cybersecurity technology innovations. I warmly welcome
all new colleagues from Security Innovation to Bureau Veritas.”
said Hinda Gharbi, Chief Executive Officer at Bureau
Veritas.
“This strategic move will enable our customers to benefit from
Bureau Veritas’ extensive expertise in the TIC sector, global
presence, and its undisputable reputation as a trusted third party.
For Security Innovation teams, this is a unique opportunity to join
a globally recognized network of experts and to benefit from
professional opportunities and career development on the scale of
an international Group such as Bureau Veritas. We look forward to
the next steps in our journey together” comments Ed Adams, CEO
of Security Innovation Inc.
The closing of this transaction is expected to take place in Q3
2024.
***
About Bureau Veritas Bureau Veritas is a world leader in
inspection, certification, and laboratory testing services with a
powerful purpose: to shape a world of trust by ensuring responsible
progress. With a vision to be the preferred partner for its
customers’ excellence and sustainability, the company innovates to
help them navigate change. Created in 1828, Bureau Veritas’ 83,000
employees deliver services in 140 countries. The company’s
technical experts support customers to address challenges in
quality, health and safety, environmental protection, and
sustainability. Bureau Veritas is listed on Euronext Paris and
belongs to the CAC 40 ESG, CAC Next 20, SBF 120 indices and is part
of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348,
stock symbol: BVI. For more information, visit
www.bureauveritas.com, and follow us on Twitter (@bureauveritas)
and LinkedIn.
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ANALYST/INVESTOR CONTACTS
Laurent Brunelle +33 (0)1 55 24 76 09
laurent.brunelle@bureauveritas.com
Colin Verbrugghe +33 (0)1 55 24 77 80
colin.verbrugghe@bureauveritas.com
Karine Ansart +33 (0)1 55 24 76 19
karine.ansart@bureauveritas.com
MEDIA CONTACTS
Anette Rey +33 (0)6 69 79 84 88
anette.rey@bureauveritas.com
Martin Bovo +33 (0) 6 14 46 79 94
martin.bovo@bureauveritas.com
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