Baldonnel based Cloud and Disaster Recovery service provider, Another9, today announces the closing of a significant equity investment in Commercium Technologies Inc. (CTI), a US-based Manged Security Consulting company.
The new entity will be renamed CTI Global reflecting CTI’s prominence in the Enterprise Security market internationally. CTI Global will continue to focus on redundant Cloud, Managed IT and Disaster Recovery Services from certified Tier III Data Centre facilities in Dublin. The new and enlarged entity will combine CTI’s security services portfolio and roll out in its present market areas in Ireland, the UK, Europe, the United States and the Caribbean. Combined revenue figures exceeds twenty-five million euros.
CTI Global will capitalise on the synergies between the companies (Another9 and CTI) in order to immediately provide integrated Compliance, Risk and Governance frameworks as part of a Managed Platform as a Service (PaaS) offering. Another9 Group CEO, Steve O’Brien, will remain as CTI Global Group CEO and Leslie Buckley will serve as Chairman. Longstanding CEO of CTI in the U.S., William O’Brien, will remain as CTI Global CEO of the Americas.
CTI Global Group CEO, Steve O’Brien, said: “The successful equity investment in CTI allows us to strategically pivot toward new Managed Security offerings which will be layered on our existing Cloud Infrastructure platforms.”
Over the last two decades, CTI has assisted Government bodies, NGO’s and hundreds of SME’s and Fortune 500 Companies with best-in-class security products and consulting services. Present and former clients include the likes of Ernst & Young, PWC, Time Inc., Pearson, New York Life, Bloomberg, CIT Financial, Boeing, Morgan Stanley, Guardian Life, RJ Reynolds Tobacco, Anheuser Busch, The Federal Reserve Bank System, International Monetary Fund, and NATO amongst others. Another 9 clients include AIB Bank, Pioneer Investments, Societé Generale, Volkswagen, A&L Goodbody and a host of other indigenous Irish Enterprises.
Speaking about the investment, CTI Global CEO of the Americas, William O’Brien, said: “On behalf of CTI, I am greatly pleased with the new investment as it provides us with a better platform to scale and service our international clients and business opportunities while also providing the bona fides to offer a number of our security, identity and governance products as a managed service offering. We are seeing adoption of these services from a cloud perspective as being extremely efficient and economically compelling for our client base.”