In-Brief

GM Security Technologies buys 1st Secure IT

GM Security Technologies, a company dedicated to cybersecurity, governance and compliance solutions and services focused on managing digital risk, announced the acquisition of 1st Secure IT, a company specialized in auditing and certification of information security and fraud prevention.

The financial terms of the
transaction were not disclosed.

This acquisition boosts the
expansion of GM Security Technologies into new markets currently served by 1st
Secure IT including United States, Latin America and the Caribbean, Europe and
Australia, the company stated.

With this acquisition, GM
Security Technologies adds to its portfolio new technical and commercial talent
that will accelerate its expansion in the area of information security, digital
risk management, and compliance. It also complements the managed security
services offered by GM Security Technologies, allowing organizations to offer
remote management of their IT infrastructure and/or end user systems, it added.

1st Secure IT offers trained
auditors experienced in the areas of information security, risk management, and
compliance with certifications such as: CISSP, CISA, CISM, ISO 27001, PCI-DSS.
In addition, it is the only company based in Latin America that is authorized
to offer specialized services for GARS (VISA INC General Acquirer Risk
Standards), VISA INC pre paid issuer risk program audit, third party audit of
VISA and Mastercard Inc., as well as fraud prevention consulting and audits.

“With the integration of 1st
Secure IT we remain focused on guaranteeing our clients complete security of
the data they handle. The merging of both companies consolidates a group of
professionals and certified experts who will work as one team to continue
offering a high level of commitment in our service to our clients,” said Héctor
Guillermo Martínez, president of GM Security Technologies.

“We’re very excited to join GM
Security Technologies to enhance their long and renowned track record by
securing information in the payment process. This fusion of competencies
creates an unparalleled opportunity combining information security with a
leading legacy in secure payment methods,” said Alberto J. España, Managing
Partner of 1st Secure IT, found in 2010.

Based in the United States with
offices in Mexico City, Mexico and Sao Paulo, Brazil, 1st Secure IT has
completed more than 300 PCI-DSS audits in Latin America. It also has more than
5000 clients across the United States, Mexico, Puerto Rico, Dominican Republic,
Ecuador, Chile, Colombia, Costa Rica, Peru, Panama, Uruguay, Brazil, Spain, Argentina
and Australia.

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This story was written by our staff based on a press release.

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