A RAPIDLY growing IT security and risk management specialist has acquired a West Yorkshire business for £8.9million.

Accumuli Security, based in White Hart Lane, Basingstoke, purchased RandomStorm as part of its expansion strategy of buying businesses that complement its existing expertise and capabilities and extend its solutions and services framework.

Accumuli chief executive officer Gavin Lyons said: “RandomStorm is a business which has excelled in providing market leading integrated information security solutions and services to help its customers manage IT risk and implement security best practice.

“Their expertise and experience in intellectual property creation and security services will add trem-endous value to our business and our customer intimacy strategy.”

Gavin added: “As a business, we remain focused on helping our customers manage IT risk and leveraging their IT assets.

“We are particularly excited about utilising the IP that has been created, and combining vulnerability management, penetration testing, compliance and audit services with our Security Operation Centre, to offer our customers a true end-to-end managed service.

“The close proximity of the RandomStorm business to our existing Leeds office provides a significant opportunity to create a substantial base in the West Yorkshire region, which will be capable of accommodating all current staff of both businesses and attracting and retaining future talent.”

Accumuli is a public company quoted on the AIM market of the London Stock Exchange. Its global customer base consists of companies of all sizes across an expanding range of industry sectors including financial services, utilities, telecommunications, manufacturing and government.