As part of its ongoing buy-and-build strategy, 4iG has announced the acquisition of TR Consult (TRC), a specialist IT consultancy focused on the cybersecurity sector. Based in Budapest, TRC addresses a corporate client base in the broader Central Eastern European (CEE) region, as well as in Hungary. TRC was founded in 2007 and is well known to management, having worked with 4iG for the last 10 years. In FY18, TRC had total revenues of c €2m (HUF0.7bn). The purchase price was not disclosed.
Information security was one of the key strategic service areas identified by 4iG, and the acquisition of TRC helps expand 4iG’s existing capabilities in this area as well as increasing capacity. The acquisition will also accelerate 4iG’s regional expansion, building on TRC's existing international client base and partnerships to extend 4iG’s information security services offering into other CEE markets.
TRC provides integrated IT protection solutions and cybersecurity consulting. 4iG and TRC have overlapping capabilities in areas such as security operation centres, vulnerability testing and ethical hacking services; however, the acquisition also extends 4iG’s capabilities into developer source code auditing, network and border protection solutions and quality management. Revenues for integrated IT protection solutions (FY19: c HUF3bn) are expected to rise by 25–30% as a result of the acquisition
