KUDELSKI SA KUDELSKI SECURITY CONTINUES ITS RAPID EXPANSION WITH THE ACQUISITION OF M&S TECHNOLOGIES
CHESEAUX, Switzerland and PHOENIX (AZ), USA, January 17, 2017 - The Kudelski Group (SIX:KUD.S) today announced the acquisition of Dallas-based M&S Technologies, Inc. (M&S), a specialist provider of cyber and network security solutions.
With its proven technologies, experienced staff and high-profile clients, M&S will broaden the technology capabilities and client portfolio of Kudelski Security, the Kudelski Group's rapidly growing cybersecurity division.
Following Milestone Systems - based in Minneapolis - in 2016, M&S is a new cybersecurity company acquired by the Kudelski Group in the U.S.
André Kudelski, Kudelski Group Chairman and CEO, said: "Providing global cybersecurity solutions is a strategic part of the Group's future growth. To achieve our goals, we have a multi-dimensional approach, including technological excellence and geographic expansion. The addition of M&S broadens our technical capabilities and provides us a strong foothold in the South Central region of the U.S."
Rich Fennessy, CEO of Kudelski Security, noted: "Cybersecurity initiatives need to continue to grow at a rapid pace in the U.S., in Europe and around the world. To address these needs, Kudelski Security is expanding its reach, products, services and professional resources to quickly bring its brand of cybersecurity solutions to new markets and new clients. We look forward to leveraging M&S capabilities and resources to deliver optimum security to clients in this important region of the U.S. and beyond."
Kudelski Security's integrated solution portfolio includes high impact advisory services, next-generation managed security services, IoT security and custom research and development. Kudelski Security will launch a new state-of-the-art Cyber Fusion Center in the US in the coming months.
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