Quod Orbis, the London-based cyber security Continuous Controls Monitoring (CCM) firm, has announced it has been acquired by Dedagroup, one of the pioneering Italian IT players, to power the next phase of its global growth strategy.
Dedagroup is a private independent group, based in northern Italy, with offices in Europe and the US and a 2023 revenue of €342million.
Risk and Compliance strategy
As a customer of Quod Orbis, Dedagroup recognised the value of its CCM platform and subsequently acquired the business to put it at the heart of its global Risk and Compliance strategy.
“Throughout our acquisition strategy, we have always sought excellence, carefully assessing each company, the services they offer, and their ability to integrate with the offerings of others within the Group, as a means to anticipating our clients’ greatest needs," stresses Marco Podini, Executive Chairman of Dedagroup.
Observation, research, and integration
“This strategy means we never lose sight of the need to evolve, allowing our clients to gain the maximum benefit from technology. This element is fundamental to bringing profound innovation to public and private businesses in the long term. It’s a continuous dedication to observation, research, and integration."
"In recent years, we have invested heavily in Italy, and now we are increasingly looking across borders with the same spirit. The acquisition of Quod Orbis reflects this strategy. Its Continuous Control Monitoring solution, integrated with our Group offering, will enable us to respond to the growing need for risk and governance tools, which has been amplified by technological development and regulatory evolution.”
CCM solutions
Quod Orbis will retain its independence within the Group, leveraging the community of companies
Quod Orbis will retain its independence within the Group, leveraging the community of companies to establish a global presence that supports the company’s growth ambitions.
“Dedagroup has an enviable reputation for excellence and is a trusted partner to companies across the world,” said Martin Greenfield, CEO of Quod Orbis. “Like us, they have seen the growing demand across a wide range of industries for CCM solutions to reduce risk and accelerate operational resilience.”
Complete and constant visibility
“This is an exciting new chapter for Quod Orbis to better serve our current and future customer base that has been made possible by the talent and dedication of our colleagues, who continue to pioneer change in this most important of sectors.”
Quod Orbis’s CCM platform provides complete and constant visibility into a company’s cybersecurity, compliance, and risk posture. It automates and improves the effectiveness of controls and supports the audit of vast IT environments. Customers receive efficient and timely compliance management and reduced costs, enabling better governance, lower risk, and accelerated operational resilience.
Deda Cloud
Bringing Quod Orbis into its portfolio of companies will enhance Dedagroup’s offering in the GRC field
Bringing Quod Orbis into its portfolio of companies will enhance Dedagroup’s offering in the GRC field.
This offering integrates the solutions and skills of Deda Cloud, the Group’s Managed Cloud & Security Services Provider, with those of Hub Finance & Data, a centre of excellence that combines the skills and software of Dedagroup’s companies operating in the Banking & Finance, Data and AI fields, to bring banks, insurance companies, financial operators and large corporations the most advanced solutions.
Opentech
Therefore, Quod Orbis’s acquisition is another step in the Group’s strengthening path in the Governance, Risk & Compliance sector, which began in 2022 with the entry of Berma, a company specialising in AML, counterterrorism, and risk mitigation processes, and continued at the end of 2023 with that of Opentech, a software house specialising in integrated GRC solutions.
TLT supported Dedagroup as a legal advisor on the transaction.
