The investment firm said SOARX had acquired the business and assets of iCyber-Security Professional Services Limited, including its iCyber-Shield platform which provides Security Orchestration Automation and Response (SOAR) management technology.
iCyber-Shield provides enterprises with an intelligent, pro-active, auto-responsive, central cyber defence platform that utilises machine learning algorithms, blockchain technologies and Robotic Process Software Automation.
Eight Peaks said this technology was important in the market given a “significant” global shortage of trained information technology security personnel, estimating around 1.5mln roles, adding that automation technology for cybersecurity could deliver a 70%+ benefit in operating costs.
As part of the investment, the company said its executive chairman, Zafar Karim, would join the board of SOARX as a non-executive director.
In mid-morning trading Wednesday, Eight Peaks shares were changing hands at 8.5p.