SGS buys majority of Prescient Security to grow Digital Trust arm
What's the deal? SGS, the Swiss testing, inspection and certification company, has acquired a majority stake in US-based Prescient SecurityDealroom has a profile for this one. Try Dealroom → for an undisclosed sum. Prescient provides information compliance and cybersecurity services, with over 350 employees and 5,000 customers worldwide.
What does Prescient do? It certifies clients against standards including SOC2, ISO, PCI DSS and HITRUST, plus US federal frameworks such as FedRAMP and CMMC. The company also offers penetration testing — combining manual, digital and AI-assisted models — and proprietary automation technology for compliance workflows.
Why now? SGS wants at least US$183.3M in additional Digital Trust revenue by 2027 compared with 2023. The company called the deal "a key milestone in the execution of our Digital Trust strategy."
What's the endgame? The acquisition expands SGS's Digital Trust platform, which consolidates its services to help clients navigate digital risk and regulation. SGS operates in 115 countries with over 100,000 staff, giving Prescient access to a wider global client base.
What changes? Co-founders Fabrice Mouret, chief executive officer, and Sammy Chowdhury, chief operating officer, join SGS. "Becoming part of SGS gives us the opportunity to bring these capabilities to a much broader global client base," Chowdhury said.
The signal: As cyber threats and compliance rules tighten across finance, healthcare, retail, technology and defence, established certification players are buying specialist firms to meet demand. For SGS, security audits are now a core growth bet rather than a side service.
Read more: prnewswire.com
Image credit: Idaho National Laboratory
