What is the story about?
What's Happening?
Cooper Parry, an accountancy and professional services group, has acquired URM Consulting Services, a UK-based cybersecurity specialist. This acquisition marks Cooper Parry's 17th since early 2023 and the fifth since partnering with Lee Equity Partners. URM, known for its consultancy and training in information and cyber security, will join Cooper Parry's digital consulting business, which generates over £20 million in revenue. The acquisition aims to enhance Cooper Parry's service offerings by integrating URM's expertise in cybersecurity, data protection, and risk management.
Why It's Important?
The acquisition of URM by Cooper Parry reflects the increasing demand for comprehensive cybersecurity solutions in the professional services sector. As businesses face growing cyber threats, the need for integrated security services becomes paramount. By incorporating URM's capabilities, Cooper Parry can offer more robust assurance services to its clients, addressing a wide range of business risks. This move not only strengthens Cooper Parry's market position but also highlights the strategic importance of cybersecurity in protecting business operations and data. The partnership with Lee Equity Partners further supports Cooper Parry's growth and expansion in the digital consulting space.
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