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Datacraft acquires security assessment firm

Singapore-based systems integrator buys New Zealand's Security-Assessment.com for US$3.86 million, dubbing the deal "a rare find".
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Written by Victoria Ho, Contributor on

SINGAPORE--Datacraft unveiled plans to acquire New Zealand-based security consulting firm Security-Assessment.com, in a deal worth US$3.86 million.

Robin Hartendorp, Datacraft New Zealand's managing director said in a statement Wednesday that Security-Assessment.com's business will be "fully integrated" into the Datacraft's finance and administrative systems" so that the Singapore-based systems integrator does not have to run its own back-office.

Hartendorp added that Security-Assessment.com will be kept independent from Datacraft so both companies can "continue to fulfill their role as trusted advisors" to to their customers.

According to the Singapore company, Security-Assessment.com's core capabilities encompass various areas including audits, assurance, assessment and advice, which the company said will complement its existing off-the-shelf technologies.

Matthew Gyde, Datacraft's general manager of security solutions: "[Security-Assessment.com] is a rare find, and our clients will welcome their expertise and dedication.

"The key focus will be to expand this practice regionally without compromising the team's unique identity and extremely high standards," Gyde added.

Datacraft, which is listed on the Singapore Exchange, said it does not expect the acquisition to make a significant impact to its financial year.

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