Turin, 21 March 2023
Cybersel - cutting-edge cybersecurity services and solutions provider - joins the STEP Group, becoming the Group's reference practice for cybersecurity.
STEP Group, one of the leading players in Italy specialising in streamlining operational processes and providing digital services and solutions for large companies, mainly in the financial sector, has finalised the acquisition of Cybersel with a 67% stake, effectively expanding its digital offering to cybersecurity world.
Cybersel - specialising in cybersecurity services and solutions - has more than 130 customers across Europe, supporting some of the largest banks and corporates for over 10 years, with its team of industry experts. It operates in 5 macro-areas: Cyber Risk Analysis, Cloud Security Management, Third Party Risk Management, Security Control Validation and, Digital Investigation (Cyber Threat Intelligence).
Walter Marmo, Cybersel CEO, comments on the transaction: 'I believe that Cybersel joining the Step Group is an opportunity to strengthen our technological investments and skill sets to offer a broader and, even more effective service to our customers.
For Fabrizio Crespi Morbio, CEO and President of Step Group, “Our investment in Cybersel continues the strategy of aggregation and integration of distinctive skills and know-how for our customers and for organic growth through new technological solutions. The addition of Cybersel will allow us to strengthen our competitiveness while continuing to guarantee our clients that uniqueness of execution and innovation that is making us, over time, true strategic partners for the companies we support”.
STEP Group is Italy's leading provider of solutions and services for the efficient management of branch networks and points of sale of major banking and insurance groups. It operates through two Business Units. The first called "Operation As a Service" operates through a highly technological proprietary platform (e-Step) acting as a hub for customers in the areas of Supply Management, Field Management and Asset Management. The second called 'Digital Hub' develops software and services for digital transformation for the financial sector, through companies specialising in Data Management, Data Monetisation, Customer Document Management and Digital Distribution Channels. The STEP Group has almost 400 employees and an expected turnover of EUR 92 million in 2023. There are 50 banking and insurance groups as customers, with a total of 40,000 points of use - including agencies, branches and head offices.
Cybersel, with a background in Cyber Risk Management, offers innovative, state-of-the-art technologies and services to prevent cyber risk with the constant supervision and support of our team of experts, in order to reduce financial exposure due to potential cyber attacks. Our two offering options, Enterprise and Managed Services, are designed to meet the different needs of companies with or without in-house capacity or resources. Through a dedicated CUSTOMER SUCCESS MANAGER, we ensure that our customers get the best return on their investment and our high renewal rates reflect this confidence. Currently, with 3 offices in Italy, France and the UK, we have more than 130 customers across Europe.