Lawrence Jones snaps up security specialists

Lawrence Jones snaps up security specialists

One of the North West’s top entrepreneurs, Lawrence Jones MBE, has shelled out around £10m on the acquisition of Altrincham-based application security specialists Pentest Ltd.

Pentest’s team of 45 will now join Secarma, the cyber security business owned by Jones, adding significant new resources to the Manchester firm, including a team of ethical hackers.

Although Secarma will remain headquartered in the UK, the merger also allows the business to grow its presence in the USA, where Pentest has an existing base of large Silicon Valley clients. 

Jones called the deal “a great merger of similar cultures”. He said: “Our investment in Pentest is an investment in knowledge and talent.

“It's a demonstration of our intentions for both our clients at UKFast and the eCommerce and online community that we see security as an area of massive importance. Security is a fundamental part of our future."

Pentest is now all set relocate to the UKFast Campus, where a cyber-security research lab and defensive security operations centre are currently under construction.

Pentest managing director, John Denneny, said: “In order for us to continue our current rapid growth curve, we believe the time was right to look for a partner whose approach to business and its employees very much mirrors ours.

“The deal gives us the opportunity to invest in our people and its future growth to a degree that we could not match standalone.  

“We have found the perfect partner in Secarma, an ambitious business with an existing management that demonstrates an understanding of our industry and its potential.”