UK managed security services player, Accumuli, has acquired the entire issued share capital of Eqalis Ltd for a net consideration of £1.9m (£700k payable on completion, and a further £1.2m payable over three years). Eqalis builds on Accumuli’s existing SIEM proposition (Security Information Event Management, and see Accumili 'Edges' towards its SIEM goals) and also enhances its big data monitoring and analytics capabilities (Eqalis is a key Splunk partner in the UK and the only Splunk authorised training provider here). The analytics capabilities are important for detecting and mitigating security breaches as they enable the analysis of large amounts to identify, and deal with, any potential security issues.
Accumuli has been following a highly acquisitive pathway over the past couple of years, which has seen it grow significantly in revenue terms. In 2011/2012, Accumuli made numerous purchases that boosted revenue from £2.4m to £12.4m (see Accumuli confirms expansive year). During FY13, the company acquired EdgeSeven (see Accumili 'Edges' towards its SIEM goals) and disposed of Webscreen (see Accumuli buries Webscreen in Juniper). Most recently, and after the close of FY13, Accumuli was at it again – see Accumuli acquires Signify Solutions. We estimate that the addition of Eqalis will take full year revenues over the £17m mark.
The company announces its first half results tomorrow and we will be catching up with the management team. However, we do not expect to see a shift from its strategic objectives around acquisitions and up-sale of products and services.