Sontiq, a portfolio company of The Wicks Group of Companies, has announced the signing of a definitive agreement to acquire Cyberscout, a producer of products and services tailored for the insurance industry.
By acquiring Cyberscout, Sontiq said it will “further build upon its product platform and expand into the insurance industry with cyber solutions and forensic investigation products and services”.
Cyberscout joins Sontiq’s cloud-based platform of products and services, with a mutual focus on delivering high-touch services and support.
Its solutions include those focused on personal and commercial cyber coverage, as well as complementary programs that are included in employee benefits packages.
The firm said through its product portfolio, major insurance carriers, mutual insurers, and reinsurers will benefit from increased cybersecurity education, protection, forensics, incident response and resolution services.
Brian J. Longe, President and CEO of Sontiq said: “Millions of customers and organisations rely on Sontiq throughout the banking, employee benefits, public sector, commercial, and consumer industries to protect all they’ve built.
“With IdentityForce, Cyberscout and EZShield, we have created the trifecta required for all those we serve to combat and recover from the increasing harm resulting from identity crimes and cyber threats.”
He added: “This is a powerful acquisition for Sontiq. By adding Cyberscout into our product portfolio we are further strengthening our financial services market position with insurance industry expertise.”