CORPORATE GOVERNANCE

Cyber Insurance Provider Acquires Two MSPs, Furthering Convergence Of Markets

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By Stephen Weigand
A provider of cyber insurance and managed detection and response (MDR), Acrisure acquired the Catalyst Technology Group and ITS Inc. for an undisclosed amount, MSSP Alert reported.
The acquisitions of the two managed service providers (MSPs) further converges the MSSP, MSP and cyber insurance markets, MSSP Alert, a SC Media sister website, said.
Catalyst Technology Group is an Indianapolis-based IT support company for small- and medium-sized businesses, while ITS is a Maine-based firm providing IBM system design, integration and consulting services to industries.
The Grand Rapids, Michigan-based Acrisure Cyber Services offers insurance, real estate, cybersecurity and asset management services, with revenues of more than US$3.8 billion in the last eight years.
Overall security improvement, automation-assisted IT productivity gains, and cloud migration are the three topmost priorities of IT professionals this year, TechRepublic reports.
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