Squire Patton Boggs has advised Lloyd’s Register (LR), one of the world’s leading providers of professional services for engineering and technology, who today announces the acquisition of Nettitude, a market-leading global provider of cybersecurity services.
Founded in 1760 as a marine classification society, Lloyd’s Register is today one of the world’s leading providers of professional services for engineering and technology, focused on improving safety and increasing the performance of critical infrastructures for clients in over 75 countries worldwide. The profits the group generates fund the Lloyd’s Register Foundation, a charity which supports science and engineering-related research, education and public engagement.
Founded in 2003, Nettitude is an award-winning provider of cybersecurity assurance, risk management and managed detection and response services, to organisations across the globe. With 140 employees worldwide, Nettitude is a research-led organisation that has developed innovative tools and techniques to mitigate the constantly evolving cyber threat.
The Squire Patton Boggs team was led by Corporate partner Claire Scott-Priestley in London and involved lawyers from the firm’s Corporate, Intellectual Property & Technology, Tax Strategy & Benefits, Real Estate and Labour & Employment practices in the UK and US.
“We are delighted to support our client Lloyd’s Register on this significant strategic acquisition,” commented Claire Scott-Priestley. “Globally, businesses are facing increased cyber threat, while, at the same time, having to comply with changing regulation on cybersecurity. The transaction expands Lloyd’s Register’s own services in this important area.”