Amplix has acquired 24By7Security, a cybersecurity and compliance specialist firm, for an undisclosed amount. This corporate transaction marks a strategic expansion in the cybersecurity services market, not a funding round.
24By7Security is known for providing comprehensive cyber resilience solutions, including security risk assessments, compliance adherence across various frameworks like HIPAA, PCI DSS, CMMC, and NIST-CSF, and virtual CISO services. With over a decade of experience and a track record of completing thousands of risk assessments for clients ranging from startups to enterprises in diverse sectors like healthcare, finance, and manufacturing, the company has established itself as a trusted partner in navigating complex cybersecurity and regulatory landscapes. Its services extend to incident management, web application testing, and specialized training programs, helping organizations strengthen their defenses against evolving threats.
The acquisition is strategically significant, aiming to integrate 24By7Security's deep expertise and broad service portfolio into Amplix. This move is expected to create immediate synergies by enhancing the combined entity's capabilities to deliver end-to-end cybersecurity and compliance solutions. By incorporating 24By7Security's specialized accreditations, such as its PCI Qualified Security Assessor and CMMC Registered Practitioner Organization statuses, Amplix gains expanded market reach and deeper specialized knowledge in critical compliance areas. The strategic rationale centers on offering a more robust and comprehensive suite of services to clients facing relentless cyber risks and stringent regulatory demands.
Looking forward, the integration of 24By7Security's established services and client base is anticipated to position the combined organization as a more formidable provider in the cybersecurity and compliance sector. The unified entity aims to empower businesses with enhanced tools and expertise to build resilient IT infrastructures and effectively manage their cyber risk programs, allowing them to focus on core operations with greater security and regulatory confidence.