NCC Group announces sale of Fox Crypto

Fox IT’s parent company announces the sale of specialised business that develops and maintains high assurance cryptographic products to secure and contain sensitive information.

Fox IT’s cyber security services business is unaffected by the sale.

Today, NCC Group, Fox IT’s parent company, announced the sale of Fox Crypto, a business that develops and maintains high assurance cryptographic products to secure and contain sensitive information, to CR Group Nordic AB, a European security company that develops user-friendly, digital solutions for the protection of classified information with clients in the military and other vital societal functions in Sweden, the EU and NATO.

Over the last few years NCC Group has invested into Fox Crypto to provide support and bring it to where it is today - a profitable, sustainable business with an experienced management team and a stable client base. Under new ownership and with renewed investment, Fox Crypto will be able to thrive and further build out its leadership position in developing and supporting high assurance cryptographic products.

Behind the decision is a strategy to simplify NCC Group’s business to focus resources and future investment into growing the Cyber Security services business, with Fox-IT at the heart of the Group’s efforts to grow and deliver on its purpose to even more clients in Benelux and across Europe.

This means continued innovation and growth of its market-leading Managed Services and Digital Forensics and Incident Response capabilities, examples include the launch of a unified cyber platform, the addition of CyCognito’s technology to its Attack Surface Management (ASM) portfolio and also being named Splunk’s Global Partner of the Year.

Globally NCC Group is also launching two new practices: Digital Identity and Operational Technology. and sees huge opportunity to expand its Consulting and Implementation practice, building on the great work it already does helping clients to comply with expanding cyber regulation, as well as being a trusted advisor to support CISOs to develop cyber strategy, manage risk and facilitate intelligent decision making.

Mike Maddison, NCC Group CEO comments: “Our Fox business, in both Cyber Security and Fox Crypto, has grown significantly over the last few years, and I would like to extend our thanks to the teams for all their hard work and dedication.

By focusing investment in our cyber security services business to broaden and innovate our end-to-end cyber capability even further, we can help all our clients, both Government and organisations large and small, meet the complex and changing nature of cyber threats that they face.

We’re excited about what we can all achieve in the future; further growing our business, with purpose at its heart, that is trusted by leading companies and Governments around the world.”