Sysnet raises $65m in debt funding and clinches another acquisition
The Irish business has acquired its third company in the last month and raised further funding from backers.
Sysnet, a Dublin-based payments security company, has raised $65m in debt funding as it rolls on with its latest acquisition.
The company has acquired NuArx, a US-based firm providing security solutions for payments technology. It marks the Irish company’s third acquisition in recent weeks, after it scooped up Viking Cloud and the managed compliance solutions division of ControlScan in December – all businesses in the cybersecurity and compliance space.
Sysnet chief executive Gabe Moynagh said the deals are part of the company’s growth strategy as it expands further in the US and Europe.