Media Release | 28th March 2023
Carlow Cyber Security firm acquires majority share in €1M fintech platform
AIB Merchant Services is an early adopter of the technology
In the latest move to dominate Europe with its private cloud security service, rapidly expanding cyber security firm, Stryve has acquired a majority share in an Irish fintech company, SureDatum.
SureDatum spent five years and over €1M developing its no-code digital transformation platform ‘SureHub’. SureDatum is a critical supplier to AIB Merchant Services credit card processing; one of the early adopters of the SureHub technology.
Stryve is on a rapid growth trajectory; the company is on track to exceed €10 million in 2023 and to grow its team to over 100 people. Stryve offers cutting-edge private cloud cyber security to SMEs, Governments and private enterprises across 20 EU countries. Having opened the first EU sales office in Poland in 2021 and invested €1M in a UK expansion in 2022, the acquisition of SureDatum gives Stryve a firm foothold in the fintech industry.
Andrew Tobin, CEO of Stryve, commented,
“It is a pleasure to announce the acquisition of SureDatum today. The partnership with SureDatum opens the fintech sector to Stryve. SureDatum boasts impressive global enterprise clients, and we see ‘no-code’ quick turnaround apps as the future. There is a natural affinity between fintech and private cloud cybersecurity and huge potential for development within the financial services industry. We look forward to a rewarding future together.”