Espion, BSI

Espion to be acquired by BSI

Colman Morrissey and Colm Murphy, Espion

4 April 2016

Information management specialist Espion Ltd and Espion UK are to be acquired by British Standards Institution (BSI).

The deal – terms of which were not disclosed – will see Espion become an operating subsidiary of BSI’s Professional Services business trading under the name, Espion – A BSI Professional Services Company.

The acquisition of Espion expands BSI’s professional services business which has grown its consultancy capability globally following recent acquisitions in the US. It also reinforces BSI as the authority in information resilience having been the originator of the internationally recognised ISO 27000 series of information security standards and is the global leader in providing training and certification to ISO 27001, the established best practice in information security management systems (ISMS).

Espion is a multiple winner of the Deloitte Technology Fast 50 since 2006 and a former ICT Excellence Awards Company of the Year in 2013.

Howard Kerr, chief executive, BSI, said: “Today we unite award winning technical expertise and thought leadership with an established global offering and reputation for business improvement. Confidence in the security and quality of data is a $75 billion market because it is woven into every aspect of business performance. Information resilience is a crucial element of organisational resilience, allowing business leaders to adapt and grow within an increasingly risk-based digital environment.  Espion’s world-class consultancy complements BSI’s wider offer and will help further unlock excellence for our clients worldwide.

“Over the past decade BSI has grown our client base organically, increased our global footprint and expanded our portfolio offering to match today’s business needs. Information resilience is one of our core strategic domains – along with supply chain and operational resilience – and this acquisition reinforces our commitment to our overall approach of encouraging organisational resilience across our clients. To ensure we remain a resilient organization – one that is agile, adaptive, robust and competitive – we have even greater ambitions for growth which will include quality acquisitions like Espion.”

Colman Morrissey, managing director, Espion, said: “Over the past few years, managing and securing corporate information has become highly complex owing to increased regulations, growth in the volume of data organisations are generating, as well as the evolving and sophisticated information risk environment. We are very much looking forward to delivering our ambition to develop a global centre of excellence that is at the cutting edge of Information Resilience. BSI shares our vision to realise this ambition through knowledge acquisition, investment in innovation, adherence to leading industry standards as well as enhancing methodologies. The global reach, resources and industry standing of BSI add tremendously to what we expect will be a very promising future.”

BSI operates in 30 countries and already services over 2,000 clients across Ireland.

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