The new firm is created on the structure of Global Resolution Experts (GRX) and ISEC Associates (ISEC), two companies in the field of cybersecurity, following a rebranding process. Thus, in the coming period, the GRX operations will be merged with those of ISEC. The shareholders, among which investment fund Agista, have approved the planned stock market listing in their general meeting.
“(…) the new FORT philosophy represents an extension of the pledge made by the previous brands – to offer customers access to services and cybersecurity solutions with a view to fighting digital threats – through an approach tailored to current needs generated by rapid digitalization, remote work and mobile access. Furthermore, the moment of consolidating our foothold is extremely favorable. A McKinsey report (2022) shows the global market is expected to grow to $101.5 billion until 2025, against the backdrop of an increase in the number of cyberattacks form one year to another”, stated Vladimir Ghita, CEO FORT.
Ghita added the turnover and net profit increased year-over-year in the first half of 2022 and the second half of the year is expected to see earnings dynamics to enable achieving the objectives undertaken at the beginning of 2022, respectively an increase of at least 25% for the two main indicators.
The company has expanded its team by 30% in 2022, reaching more than 30 employees.
The new entity FORT will provide specific services in the field of cybersecurity, such as IT compliance audit for various norms and regulations issued by the national legal entities (Financial Supervisory Authority, the Authority for the Digitalization of Romania, the National Bank of Romania and the National Cyber Security Directorate), penetration testing services for mobile applications, web and IT infrastructure, consulting services for the environmental security in which companies operate, as well as services of design, implementation and maintenance for IT security solutions. The company’s development strategy targets both the consolidation of local operations and the acceleration of collaborations with international customers.