Sontiq Announces Definitive Agreement to Acquire Cyberscout the Leading Cyber Products and Services Provider to the Insurance Industry
Sontiq, a portfolio company of The Wicks Group of Companies, LLC (“Wicks”) and the leader in Intelligent Identity Security, today announced the signing of a definitive agreement to acquire Cyberscout, a pioneer of best-of-breed cyber products and services tailored for the insurance industry.
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By acquiring Cyberscout, Sontiq will further build upon its world-class product platform and expand into the insurance industry with cyber solutions and forensic investigation products and services. With Cyberscout, and Sontiq’s IdentityForce and EZShield, an ever-growing community of institutions, households, and individuals benefit from best-in-class products and services that define the identity theft and cyber fraud protection market.
Cyberscout joins Sontiq’s cloud-based platform of products and services, with a mutual focus on delivering high-touch services and support. Cyberscout’s solutions include those focused on personal and commercial cyber coverage, as well as complementary programs that are included in employee benefits packages. Through Sontiq’s comprehensive product portfolio, major insurance carriers, mutual insurers, and reinsurers will benefit from increased cybersecurity education, protection, forensics, incident response and resolution services.
“The Cyberscout acquisition accelerates Sontiq’s vision of creating a tech-enabled platform focused on providing digital financial wellness with unrivaled scale, flexibility and customer service capabilities,” said Daniel L. Black, Managing Partner at Wicks. “The financial information and big data industries are starting to create services to help businesses and consumers manage their digital financial health.
The same end points that drive enormous growth rates in eCommerce and social media are creating an explosion of identity theft and cyber crimes. Sontiq is focused on building products and services to help defend against the underbelly of the cyber world. And, through its brands, IdentityForce and EZShield, and now with Cyberscout, Sontiq’s platform delivers high-value offerings that are trusted and relied on by millions of institutions, families and individuals every day.”