Business Update: Sale of DetACT business to Data Expert

DetACT becomes part of DataExpert BV

On 21 December 2023 NCC Group announced the sale of its DetACT business to DataExpert BV, a Netherlands-based provider of products and services to combat cybercrime and fraud.

Part of NCC Group's Fox-IT division, DetACT has provided advanced preventive fraud detection to European financial services clients for over 14years and has been a unique and standalone offering in NCC Group's portfolio.

DataExpert is a managed service provider of cybercrime, counter fraud and cybersecurity technology solutions, combining domain expertise and software solutions, to help both public and private customers fight cybercrime and fraud across the Benelux and Nordic regions.

Mike Maddison, NCC Group CEO comments: "We're proud of the business our DetACT colleagues have built and want to thank them for all they have contributed to the success of the business and wish them all the very best as they become part of DataExpert BV, and go from strength to strength, continuing to deliver fantastic work for existing and future clients.

"Looking ahead we're excited for the future of our Cyber and Software Escrow businesses, as we focus on innovating and scaling capabilities to serve more clients, bringing the best of our colleague expertise to address the needs of the clients around the world."

Robert Bakker, DataExpert CEO adds: "The DetACT team and DataExpert share the same DNA: fighting fraud and crime. It's great to see these two teams coming together to jointly support our customers in their mission.

"The DetACT solution empowers financial services institutions of all sizes to prevent online banking fraud and by combining it with the domain expertise and services of the DataExpert group, the team can offer end-to-end counter-fraud services. These services range from intelligence gathering to fraud prevention and forensic investigation, often working in close cooperation with law enforcement.

"Our customers are set to greatly benefit from the synergy of this combined team and from the future innovation and development of the DetACT solution."

Back in February, NCC Group announced its ongoing Next Chapter strategy with a focus on the innovation of its Cyber service portfolio to address the full cyber security lifecycle for its clients:

• Further investment and development of our Managed Services offering, including integration of AI into operations. Building more long-term client relationships and increasing annual recurring revenues.
• Maintaining high quality of Incident Response services to help clients at their critical moments, evolving and innovating our proposition from Incident Response to Digital Forensics and Incident response.
• Building an additional Consulting & Implementation services proposition to help C-suite confidently meet increasing cyber security requirements.
• Continuing to invest in our core Technical Assurance capabilities, such as Attack Path Mapping, investing in automation and AI where appropriate to build on our technical leadership.

You can read the RNS in fullhere.