Nottingham-headquartered Phenna Group, which aims to invest in and partner with selected niche, independent Testing, Inspection, Certification and Compliance (TICC) companies that serve a variety of sectors, has acquired PKI Solutions.
This acquisition adds new complementary services and strengthens Phenna’s Cyber Security offering, a key tenet of its future growth plans.
Formed in 2014 and based out of Portland Oregon, USA, PKI Solutions is the world’s foremost cybersecurity specialists providing public key infrastructure (PKI) products, services, and training to give organizations confidence in their identity and encryption systems.
PKI forms the basis of all modern authentication trust on the Internet and is a critical component underpinning security for the Internet of Things (IoT). For nearly a decade, PKI Solutions has partnered with organizations around the world to design, deploy, and operate their PKI.
Mark B. Cooper, Managing Director at PKI Solutions, said: “I am thrilled to be joining Phenna Group, who share my high growth ambitions for the business. The continued focus on customer success, world-class delivery of consulting services, and the expansion of PKI Spotlight throughout the enterprise market were critical when finding the right partner for us to move forward.
“Their unique, autonomous business model really resonated with me and from my first call with Paul and the Phenna team I was convinced they would be a great partner for PKI Solutions. I am excited and confident in the future opportunities as part of Phenna Group, to continue to expand our innovations, products, and services to our customers around the world.”
Paul Barry, Group CEO of Phenna Group, said: “I am delighted that PKI Solutions will be joining Phenna Group to strengthen our presence in the Cyber Security market and extend our international presence.
“Mark has been thoroughly professional to deal with throughout the process and I’m looking forward to welcoming him and his highly experienced team to Phenna Group. This deal adds new public key infrastructure (PKI) capability to our broader cyber offerings and gives us presence in the West Coast of the U.S., which I’m delighted about.”
Phenna Group were advised by RSM UK Corporate Finance LLP, Avonhurst and Davis Wright Tremaine LLP. PKI Solutions were advised by Paine Pacific LLC, Scarborough McNeese Oelke & Kilkenny PC, Stoel Rives LLP, and SNK Consulting PC.
