Optiv confirms 'temporary' UK closure and turns attention to M&A
US-based MSSP Optiv has confirmed what it called a "downsizing" of its UK operation, claiming the move is temporary as it turns its attention to M&A.
In a statement Optiv called the move "temporary", insisting that it still has plans to build a presence in Europe and has looked at 40 European businesses to acquire before deciding it "simply couldn't justify the high valuations of these companies".
"After a comprehensive strategic review, we're temporarily downsizing our London-based organic operations," Optiv said.
"We remain committed to serving the European market, clients, partners and prospects," it added, claiming it could acquire "once European valuations right-size".
Optiv's CMO had previously said that the firm looked at acquiring the likes of SecureData and SecureLink, opting against making a bid because it thought the pair were overvalued.
SecureData was bought last year for a multiple of 20 times its EBITDA.
Micky Patel - partner at August Equity, which sold SecureData to Orange - told CRN that the SecureData and SecureLink are not a true reflection of the market as a whole.
"The two businesses that are discussed were amongst the largest independents in those markets and in the case of SecData higher than market organic growth and EBITDA margins which commanded a premium," he said.
"Combine that with being in the cybersecurity market and a trade buyer in Orange that wanted to create a European leader - the valuations were outstanding. I do not believe these multiples are a true reflection in other markets which we see are considerably lower."
Industry: Cyber Security
- Sailpoint IIQ Consultant
- Up to £75,000
SailPoint IIQ consultant- London We are looking for a strong SailPoint IIQ consultant to work for this global enterprise, in this position you will be the lead consultant in regard to the IAM and PAM tools Duties include Responsible for designing, developing, testing, implementing, and integrating IAM (SailPoint) systems and solutions. Assessing requirements for Identity and Access Management solutions to meet stakeholders needs. Provide support for production IAM infrastructure systems and processes. Ensures the maintenance, patching, operating, and monitoring of IAM systems. Ensures senior management and staff are informed of any changes and updates in a timely manner. Experience with Maintaining and supporting SailPoint IIQ Assessing requirements for Privilege Access Management solutions to meet stakeholders needs We are looking for someone with the following experience SailPoint IIQ experience Expertise working with SailPoint Identity IQ platform - Access Lifecycle Management, Certifications, Role Management Expertise in onboarding applications with various connectors like Active Directory, JDBC, SCIM 2.0, Azure Active Directory Expertise in developing APIs (SCIM, REST) leveraging Java based developmentExperience of Privileged Access Management concepts and use cases Unfortunatly we are unable to provide sponsorship for this opportunity, therefore applications will need to be able to work in the UK
- SailPoint Consultant- Netherland-
- upto €700 per day
We are looking for a highly skilled SailPoint IIQ Consultant to work on a major deployment project. The ideal candidate will have experience with all aspects of SailPoint IIQ, including development, configuration, and administration. They will also be able to work independently and as part of a team to deliver high-quality results. · Responsibilities · Develop and configure Sailpoint IIQ solutions · Integrate SailPoint IIQ with other systems · Support SailPoint IIQ deployments · Provide technical support to users If you are a highly skilled SailPoint IIQ consultant who is looking for their next project, we encourage you to apply. look forward to hearing from you!
- Lead CyberArk deployment Consultant
- Upto £80,000 plus benefits
CyberArk Consultant is needed to be responsible for leading the deployment of CyberArk solutions for this expanding IT services business, You will work with customer both pre and post sales, getting involved in CyberArk Solution Design, helping to create CyberArk Strategic Roadmaps, on-boarding accounts, product and process integration into the CyberArk Solution and Proviso of Installation and technical Documentation. We are looking for this individual to have experience in: Installation of CyberArk PAS for V11.X and V12.X (Vault, DR Vault, Central Policy Manager and Password Vault Web Access) Upgrade of CyberArk from V9 and V10 (Vault, DR Vault, Central Policy Manager and Password Vault Web Access) Installation and Upgrade of Privilege Session Manager and Privilege Session Manager Proxy As some of your client will be government site, all individual will need to be put through SC clearance, therefore you must be eligible to receive this and happy to be put through(With a British Citizen or to have lived in the UK for the past 5 years) We are unable to provide work visa sponsorship for this opportunity
- Senior Business Analyst - Outside IR35 Contract, SC Clearance Required, London
- £400 per day outside IR35
Senior Business Analyst - Outside IR35 Contract, SC Clearance Required, Based in London Project- to engage with colleagues and stakeholders to investigate and model business functions, processes, information flows and data structures, using a range of business analysis techniques. • You will translate the solution to the business problem into detailed requirements by creating user stories and well-defined acceptance criteria. • Elicit end-to-end business requirements for a live cross-government service • Working across the Government departments to bring together varied business and operational outcomes to form a holistic overall set of service requirements Current SC clearance is required. As is the ability to travel to London.