Wavenet acquires Falanx Cyber

Wavenet acquires Falanx Cyber and further bolsters it’s CyberGuard division with additional penetration testing, detect & respond and red teaming services.

Solihull, UK – 12^th December 2023 – Wavenet Group Holdings Limited (Wavenet), backed by Macquarie Capital Principal Finance, has today announced the acquisition of Falanx Cyber.

The acquisition strengthens Wavenet’s position as one of the UK’s foremost cyber security providers. Wavenet’s existing security division, CyberGuard, is CHECK and CREST accredited and assists organisations with all aspects of cyber security including penetration testing, certification, incident response and the latest security solutions and services from it’s UK-based Security Operations Centre.

“I am delighted with our latest acquisition that deepens our expertise and resource in cyber security. CyberGuard is already second-to-none with it’s range of services and accreditations, and the acquisition of Falanx Cyber further cements our position as a leader in the field.
The integration of our two businesses will allow us to even better serve our shared customers. I am looking forward to meeting and working with our newest team members and to welcoming Falanx customers to the Wavenet Group.”

Philip Grannum, CCO

“The opportunity to join the Wavenet Group gives Falanx Cyber even more scope to deliver it’s security services into new customers and markets. We are excited to be part of Wavenet’s continued growth in cyber security, and look forward to adding our skills and capabilities to the Group, whilst also allowing our customers to benefit from all of Wavenet’s core services across cyber security, IT, networking, voice and the Cloud.

Rick Flood, Managing Director, Falanx Cyber

About Wavenet

Formed in 2000, Wavenet has grown to become a respected, multi-award-winning provider of telecoms, cybersecurity, IT & technology solutions to thousands of businesses and organisations across the UK. It’s vision is to be the most respected provider of cyber security, cloud and technology solutions to UK customers by investing in the right technologies, partners and people, and maintaining strong and dependable growth.

Wavenet is a managed service provider and has long-standing partnerships with some of the top technology providers on the planet including Microsoft, BT, Gamma, Extreme Networks, 8x8, Five9, Darktrace, Cato, Gigamon and more.

Providing data, voice, security, and IT services to over 12,000 SME, enterprise, and public sector customers, Wavenet has offices in Solihull, London, Manchester, Cambridge, Norwich, Cardiff, Nottingham, Doncaster and Dorking and employs 900 people, including over 450 trained support staff and engineers. For more information, visit: www.wavenet.co.uk or view our Wavenet presentation here.

About Falanx Cyber

Over the last 5 years Falanx Cyber has firmly established itself as a leading, trusted, independent cyber security provider in the UK and across the globe.

Falanx Cyber puts enterprise-class cyber security services within reach of every organisation. Falanx identify areas of cyber risk threatening the integrity of your business and provide complete end-to-end managed cyber security services to alleviate those risks. Falanx combine proactive managed detection and response services with penetration testing, incident response and consultancy.

Falanx has grown significantly since 2017, both organically and through acquisitions, servicing 100s of customers each year with over 40 staff. During that period the SOC service has transitioned from a legacy SIEM on-premise platform to combine current, market-leading, Gartner recognised technologies – resulting in a 4x growth in volume of customers serviced by the SOC. These customers are predominantly in the UK and Europe but include customers in the US and Asia.

About Macquarie Capital Principal Finance

Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. It encompasses corporate advisory, a full spectrum of capital solutions, including capital raising services from equity, debt and private capital markets and principal investments from Macquarie’s balance sheet. Macquarie Capital has deep sector expertise in the aerospace, defence and government services, consumer, gaming and leisure, critical minerals, energy, financial institutions, healthcare, industrials, infrastructure, services, software, technology, telecommunications and media sectors.

Macquarie Capital Principal Finance, the financing and principal investing arm of Macquarie Capital makes investments from Macquarie’s balance sheet, provides flexible primary financing and secondary market investing solutions for corporate and commercial real estate clients across North America, Europe and Australasia.