PARIS: Sword Group has strengthened its cybersecurity and artificial intelligence capabilities with the acquisition of iDelta, a specialist in observability data and cybersecurity solutions based in Edinburgh.
The strategic move significantly enhances Sword’s presence in the financial services sector while expanding its expertise across multiple industries.
Founded as a micro-company, iDelta specializes in delivering bespoke data and AI solutions, cybersecurity monitoring and automation, infrastructure monitoring, application performance optimization, fraud analytics, and Open Banking monitoring. The company has also developed tools to manage Open Banking data APIs, offering add-ons through the Splunk marketplace to improve connectivity with third-party technologies and streamline data access for customers.
iDelta reports an annual revenue of €0.75 million with an EBITDA margin of 30%. Sword Group views the acquisition as a key component in its cybersecurity strategy, positioning the company to provide enhanced security and AI-driven solutions to its global clientele.