Nominet announces acquisition of CyGlass

Mergers & Acquisitions | South East | Technology

Nominet UK today announces two investments – a programme to upgrade security and services for its registry operations, and the acquisition of a cybersecurity business, CyGlass.

The £4m registry programme will develop the next generation of Nominet’s security and enhance its customer-facing systems.

Against a backdrop of increasing security threats, the programme will ensure Nominet systems continue to benefit from its security and resilience system. This includes using artificial intelligence to help reduce phishing in the UK.

Eleanor Bradley, MD of Registry Solutions at Nominet, said: “We want to be the best registry in the world, and that means investing in the evolution of our core systems. We’ve scoped out the priorities as we see them, with security and online services being at the top of our list, but we don’t want to proceed in isolation. We will be involving the users of our systems to fine-tune our plans.”

In a company first, Nominet has today also announced it has acquired US-based cybersecurity company CyGlass.  CyGlass offers affordable, advanced threat detection built for SMEs.

CyGlass’ Network Defence as a Service (NDaaS) simply and effectively identifies, detects, and responds to threats in a network without requiring any additional hardware, software, or people. The CyGlass cloud continuously analyses billions of conversations happening on an organisation’s network, learns what is normal, and alerts when suspicious behaviours that risk the security of the critical IT assets are detected. CyGlass complies with data privacy laws as the CyGlass cloud doesn’t require any personally identifiable information (PII) to detect threats.

The company has already secured customers through channel partners in US, Europe, Middle East, and Asia and will in future use Nominet’s reseller partner program ‘Velocity’.

Commenting on the acquisition, Nominet CEO Russell Haworth said: “CyGlass has great technology, an impressive team and big potential. The acquisition of CyGlass allows us to build on the progress we’ve made building a network detection and response capability that is used by governments and critical national infrastructure clients worldwide.  CyGlass technology complements Nominet’s cyber portfolio and has an important part to play bringing better security within the grasp of SMEs.”

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