26 Sep UAE’s Allurity acquires Aiuken Cybersecurity to create European cybersecurity leader
Allurity, with bases in the UAE and Saudi Arabia, has acquired Spanish multinational Aiuken Cybersecurity as an important step in its journey to becoming Europe’s leading cybersecurity provider. Aiuken brings an entire SOC platform spanning three continents, as well as its Cloud Security and SOC-as-a-Service platforms.
Aiuken Cybersecurity was founded in 2012 by former Telefónica executive Juan Miguel Velasco, who is currently in role as the CEO and will continue to lead the company following this acquisition. The company has achieved impressive growth and will continue its journey with Allurity as an accelerator.
Juan Miguel Velasco, CEO of Aiuken Cybersecurity, commented: “We are proud to join forces with this flourishing European group that has big ambitions to have a long-term impact and drive our growth in the cybersecurity sector. We believe they will be truly valuable and contribute towards our continued rapid expansion with a shared vision to help organisations secure their digital assets via security solutions that combine the best of human and machine intelligence.”
Allurity CEO Frida Westerberg said: “I am delighted to welcome Aiuken to our growing group, consisting of best-in-class cybersecurity service providers in Europe. Aiuken is an important player in the south of Europe and several other countries in different parts of the world, enabling a true “follow the sun” model. Aiuken brings unique expertise, a scalable tech platform and high ambitions and we are committed to supporting them to reach their full potential. Together we have the common goal of fighting cybercrime and making the world a better place.”
This is the fourth company Allurity has acquired, following the purchases of Swedish companies Arctic Group, ID North and Pulsen IAM. Allurity has stated it will continue to add new companies to the group with the goal of improving data protection, reducing the significant cost of cyberattacks and contributing to improving talent and competence in the market.
This goal is fully aligned with the cybersecurity targets set by the EU, which is determined to support important business groups, as it seeks to build regional leaders and secure robust European competition.