CyberScout, a provider of identity theft resolution, data defense and employee benefits services for the re/insurance industry, is set to be acquired by Sontiq, a portfolio company of The Wicks Group of Companies that specialises in identity security.
By acquiring Cyberscout, Sontiq hopes to further expand into the insurance industry with cyber solutions and forensic investigation products and services.
“Millions of customers and organizations rely on Sontiq throughout the banking, employee benefits, public sector, commercial, and consumer industries to protect all they’ve built,” said Brian J. Longe, President and CEO of Sontiq.
“With IdentityForce, Cyberscout and EZShield, we have created the trifecta required for all those we serve to combat and recover from the increasing harm resulting from identity crimes and cyber threats. This is a powerful acquisition for Sontiq. By adding Cyberscout into our product portfolio we are further strengthening our financial services market position with insurance industry expertise.”
Cyberscout’s solutions include those focused on personal and commercial cyber coverage, as well as complementary programs that are included in employee benefits packages.
“The Cyberscout acquisition accelerates Sontiq’s vision of creating a tech-enabled platform focused on providing digital financial wellness with unrivaled scale, flexibility and customer service capabilities,” said Daniel L. Black, Managing Partner at Wicks.
“The financial information and big data industries are starting to create services to help businesses and consumers manage their digital financial health. The same end points that drive enormous growth rates in eCommerce and social media are creating an explosion of identity theft and cyber crimes.”
Black continued: “Sontiq is focused on building products and services to help defend against the underbelly of the cyber world. And, through its brands, IdentityForce and EZShield, and now with Cyberscout, Sontiq’s platform delivers high-value offerings that are trusted and relied on by millions of institutions, families and individuals every day.”
“Our common values revolve around a culture of care, making this partnership really special,” added Jen Leuer, CEO of Cyberscout. “Together, we not only empower our partners around the world with expert cyber and identity theft protection solutions, we also take seriously our responsibility to work as a team, problem-solve, and help others.”
Adam Levin, Founder of Cyberscout, also commented: “Putting the customer at the center of our universe is inherent throughout everything we do.”
“This is what makes the synergy between us and Sontiq so strong, and it’s what will continue to make all of our combined products so valued by our customers and partners. This acquisition unites three best-of-breed products focused on delivering world-class services, as shown in the excellent customer ratings we all have collectively earned.”