Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Mobile & Wireless

NCC Group Buys Mobile Security Testing Firm Intrepidus Group for $11 Million

San Francisco, California-based NCC Group today said that has acquired Intrepidus Group, a security research and testing services provider focused on the mobile sector.

NCC Group offers Enterprise Risk Management solutions and other services including software escrow, IT assurance with verification and validation testing, security testing for SaaS applications, due diligence for mergers & acquisitions and more.

San Francisco, California-based NCC Group today said that has acquired Intrepidus Group, a security research and testing services provider focused on the mobile sector.

NCC Group offers Enterprise Risk Management solutions and other services including software escrow, IT assurance with verification and validation testing, security testing for SaaS applications, due diligence for mergers & acquisitions and more.

In recent years, company has made significant efforts to grow its offerings in security research, testing, forensics, and web performance testing. The acquisition of Intrepidus marks its ninth acquisition in the network testing and software security space.

Just over two weeks ago the company announced that it would pay about $13 Million to acquire Matasano Security, another independent security testing and research and development firm.

Under the terms of the Intrepidus deal, NCC Group will pay up to £7.1m ($11.0m) in cash in cash to acquire the New York, NY-based company which helps customers detect security flaws in mobile devices, applications, systems and networks.

The deal consists of an up front payment of £3.7m ($5.8m) in cash, with two additional cash payments of up to £3.4m ($5.2m) in total against performance related targets over the next two years.

For the year ended July 31, 2012, Intrepidus reported revenue of $3.3 million with much of the future revenues being derived from recurring contracts with blue chip corporations.

“This acquisition is an important strategic development for us as it considerably widens our range of offerings, as well as industry IP, and brings a number of new blue chip technology customers,” said Rob Cotton, Chief Executive Officer at NCC Group.

Intrepidus was founded in 2006 and has 19 employees, most of whom are testers.

The company will trade as Intrepidus, an NCC Group company.

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Expert Insights

Related Content

Cloud Security

VMware vRealize Log Insight vulnerability allows an unauthenticated attacker to take full control of a target system.

IoT Security

Lexmark warns of a remote code execution (RCE) vulnerability impacting over 120 printer models, for which PoC code has been published.

Mobile & Wireless

Apple rolled out iOS 16.3 and macOS Ventura 13.2 to cover serious security vulnerabilities.

Email Security

Microsoft is urging customers to install the latest Exchange Server updates and harden their environments to prevent malicious attacks.

Mobile & Wireless

Technical details published for an Arm Mali GPU flaw leading to arbitrary kernel code execution and root on Pixel 6.

Vulnerabilities

Security researchers have observed an uptick in attacks targeting CVE-2021-35394, an RCE vulnerability in Realtek Jungle SDK.

Vulnerabilities

Google has awarded more than $25,000 to the researchers who reported the vulnerabilities patched with the release of the latest Chrome update.

Application Security

Drupal released updates that resolve four vulnerabilities in Drupal core and three plugins.