Sysnet Global Solutions acquires NuArx to bolster its cyber security and compliance solutions
By Pavithra R
Sysnet Global Solutions, a leading provider of cybersecurity and compliance solutions has announced its acquisition of NuArx, a leading provider of PCI compliance, managed cybersecurity and digital transformation solutions, to enhance Sysnet’s technology platform further and accelerate its market expansion.
The acquisition comes at a time when cyber criminal activity is escalating drastically, impacting businesses of all sizes. The COVID-19 pandemic has provided opportunities for cybercriminals to increase activity and innovation, a secular trend that threatens the stability and business continuity of many organizations.
Through the acquisition, Sysnet will leverage NuArx’s extensive compliance and security expertise for protecting the digital interactions of businesses and their customers. NuArx’s SecurePCI platform offers integrated, managed security and PCI compliance solutions. The platform has fueled NuArx’s growth with major brands throughout North America.
“The acquisition of NuArx by Sysnet is part of Sysnet’s growth strategy and helps position Sysnet at the forefront of security and compliance. As organizations continue to strain under the ever-increasing onslaught of cyber-attacks, scalable cyber security platforms are needed so merchants of all sizes and locations can address emerging threats, while also achieving and meeting critical compliance mandates. NuArx bolsters Sysnet’s cyber security and compliance solutions and plays a critical role in helping our customers meet ever-increasing threats,” said Gabe Moynagh, Chief Executive Officer of Sysnet.
The acquisition follows Sysnet’s recent acquisitions of the Managed Compliance Solutions (MCS) division of ControlScan and Viking Cloud. The combination of Sysnet, NuArx, Viking Cloud, and ControlScan- 4 cybersecurity powerhouses will create a scalable platform for next-generation cyber defense with security consulting services delivered by the industry’s leading experts.
“The NuArx team is very excited to join Sysnet Global Solutions. Combining our teams, expertise and technology platforms is a big win for our customers, delivering a broader range of services and cutting-edge solutions with the same innovative culture and commitment to customer success,” said Rich Stanbaugh, Chief Executive Officer of NuArx.
Established in 1989, Sysnet Global Solutions provides payment card industry, cybersecurity and compliance solutions that help businesses to improve security and acquiring organizations to reduce risk. The firm offers white-labelled solutions that cover customer’s security and compliance needs.
IBSi Daily News Analysis
November 25, 2022
Why UK FinTechs are investing heavily in APP fraud preventionRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage
Other Related News
November 25, 2022