London tech firm locks down acquisition of Australian compliance product
A London technology company has announced that it has completed the acquisition of an Australian cyber firm’s compliance product.
Cloudhouse Technologies, which specialises in application compatibility packaging solutions, has acquired UpGuard Core, which will now be known as Cloudhouse Guardian.
The company has said that the acquisition will be “important” as it continues to grow internationally.
Mat Clothier, Cloudhouse’s founder and CEO, commented: “Our customers often face a battle simply understanding what they have in their IT estate before they are able to pin-point where the compliance challenges are.
“Cloudhouse is now able to help customers with that discovery journey.
“The launch of Cloudhouse Guardian is an important step in our development, allowing us to offer our customers a wider set of capabilities that build on our core skills.
“This is a hugely exciting time for Cloudhouse. Having just been named the 13th Fastest Growing Technology Company in the UK by Deloitte, we are eager to build on that and Cloudhouse Guardian will be important to our continued growth.”
Alan Sharp-Paul, co-founder and co-CEO of UpGuard, said: “This has been a record-breaking year for our team, our highest year in sales yet.
“With the rapid growth of our security offerings we are pleased to have found a great home for Core and are looking forward to the development of this product under Cloudhouse, while we continue to cement our position as leaders in the third-party risk management space.”
Cloudhouse chairman Gavin Chapman added: “This is another important step in Cloudhouse’s global growth plans and adds significant customers and scale to our existing operations in the important US market as well as increasing our position in Europe and APAC.
“Cloudhouse expects to further leverage the combined high quality capabilities to help us continue to increase our market share globally.”
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