- Acquisition of leading provider of Cybersecurity testing and certification services
- Onward Security has presence in major Asian markets
Onward Security, founded in 2014, specializes in providing cybersecurity compliance solutions to clients in IoT/IIoT device manufacturing, automotive, industrial, medical and other industries. In the APAC region, the company is a leader in IoT cybersecurity testing and certification services. Furthermore, Onward Security provides cybersecurity evaluations and develops automated security assessment tools with AI and machine learning features. In 2021, Onward Security has been selected as ”Hot Company” in the Cybersecurity Internet of Things, Global InfoSec Awards.
The transaction is part of DEKRA's strategy to become the global leader in cybersecurity, testing and certification services. DEKRA has already made investments in this area, acquiring Epoche & Espri in 2017, a Common Criteria and FIPS laboratory based in Madrid/Spain and established the DEKRA Global Cybersecurity Hub in Year 2022. With Onward Security, DEKRA strengthens its capacity and services portfolio in cybersecurity evaluations, assessment, certification, and R&D in the APAC region.
Mike Walsh, DEKRA Executive Vice President for the APAC region: “I’m very excited about the acquisition. Onward Security’s expertise and services are a perfect fit for our business, and we are confident the combined strengths of our two companies will enable us to boost our presence in the APAC region and to deliver even more valuable services to our customers globally. The increasing complexity of cyber threats, coupled with the need for businesses to have a trusted partner in cybersecurity, has made it a crucial area of investment for DEKRA.”
Fernando E. Hardasmal, DEKRA Executive Vice President and Head of the Service Division Digital & Product Solutions: “The integration of Onward Security will allow us to broaden our cybersecurity services portfolio and add R&D capabilities. DEKRA will be able to offer its clients comprehensive solutions that address the new regulatory challenges and market access to key regions with an expanded portfolio of accreditations. We know Onward Security´s Team for years now, they are very talented and share with DEKRA values and ambition, we are proud to have them as part of the DEKRA family.”
Morgan Hung, Co-Founder of Onward Security, Chairman and General Manager also expresses his excitement about the opportunity to work together: "We believe that our expertise in IoT cybersecurity will complement DEKRA's already existing capabilities, to lead the way in developing IoT cybersecurity and providing our clients with first-class cybersecurity solutions."