What's Happening?
Cooper Parry, a professional services group, has acquired URM Consulting Services, a UK-based cybersecurity and information security specialist. This acquisition marks Cooper Parry's 17th since early 2023 and the fifth since partnering with Lee Equity Partners. The deal is expected to push Cooper Parry's pro forma turnover beyond £240 million, as the firm aims to reach £600 million by 2028 and £1 billion by 2030. URM will now anchor the cybersecurity and information security offerings at the core of Cooper Parry's digital consulting business, enhancing its ability to provide integrated assurance services across all areas of business risk.
Why It's Important?
The acquisition of URM Consulting Services by Cooper Parry is significant as it strengthens the firm's position in the cybersecurity sector, a critical area given the increasing frequency and sophistication of cyber threats. By integrating URM's expertise, Cooper Parry can offer more robust protection for clients' critical data, addressing the growing demand for comprehensive cybersecurity solutions. This move not only enhances Cooper Parry's service offerings but also positions it as a leader in the mid-market for cybersecurity solutions, potentially attracting more clients and increasing its market share.
What's Next?
Cooper Parry is expected to continue its growth trajectory, leveraging the capabilities of URM to expand its digital consulting business. The firm aims to achieve significant revenue targets by 2028 and 2030, indicating potential further acquisitions or expansions in related sectors. Stakeholders, including clients and partners, may anticipate enhanced service offerings and increased focus on cybersecurity and information security solutions.
