Fox IT’s parent company, NCC Group, a people-powered, tech-enabled global cyber and resilience business, has completed the sale of Fox Crypto to CR Group Nordic AB, following the initial announcement on 1 August 2024.
Fox Crypto develops and maintains high assurance cryptographic products to secure and contain sensitive information.
Behind the decision is a strategy to simplify NCC Group’s business to focus resources and future investment into growing the Cyber Security services business, with Fox-IT at the heart of the Group’s efforts to grow and deliver on its purpose to even more clients in Benelux and across Europe.
Completing the sale of Fox Crypto marks a milestone in NCC Group’s client-centric strategy to simplify and focus the business on providing full service cyber resilience services to create a more secure digital future. Fox-IT, which recently celebrated its 25-year anniversary, brings best in class cyber resilience expertise to clients in the Netherlands and Benelux. Building on its strong heritage and market leadership in managed security services and cyber incident response, Fox-IT supports businesses and institutions and works in close partnership with police and international bodies such as collaborating on Project Melissa.
NCC Group is delivering its strategy at pace, having launched two new global practices; Identity Access Management and Operational Technology, while announcing partnerships with Horizon3.ai and CrowdStrike to innovate and enhance its Technical Assurance, Managed Services and Incident Response services. All of these investments enhance the leading capability and expertise in Fox-IT to help clients manage risk, strengthen resilience and build lasting trust.
Mike Maddison, NCC Group CEO comments:
“We are laser focused on delivering our strategy to simplify and focus the Group on world class full service cyber resilience. Completing the sale of Fox Crypto is an important step in enabling further investment and growth for Fox-IT and our global cyber security business. Fox-IT recently celebrated 25 years at the heart of the Dutch and Benelux cyber industry and is deploying that cyber security heritage to create a more secure digital future. We are enormously thankful to our departing colleagues at Fox Crypto and wish them our very best as they pursue opportunities under new ownership.”
Read full press release article
https://www.nccgroup.com/us/newsroom/ncc-group-completes-the-sale-of-fox-crypto
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