What's Happening?
Logiq, a Bristol-based cyber security consultancy, has acquired Savient Ltd, a technology and data specialist based in Cheltenham. This marks Logiq's first acquisition, advised by Momentum Corporate Finance. Savient provides software consultancy and technical
services to organizations in high-assurance environments. The acquisition aims to integrate Savient's expertise into Logiq, enhancing its capabilities in security assurance and system delivery. Logiq, founded in 2018, has rapidly grown to over 175 specialists, serving sectors like defense and government. The acquisition is expected to strengthen Logiq's presence in the UK's cyber and national security ecosystem.
Why It's Important?
The acquisition of Savient Ltd by Logiq is significant for the cyber security industry, particularly in the UK. It represents a strategic move to bolster Logiq's capabilities in high-assurance environments, which are critical for sectors like defense and government. By integrating Savient's expertise, Logiq can offer more comprehensive security solutions, potentially leading to improved resilience and compliance for its clients. This expansion could also enhance Logiq's competitive edge in the cyber security market, positioning it as a key player in the national security ecosystem.
