NuArx Inc., a cyber security company based in Southfield, was acquired by Sysnet Global Solutions of Dublin, Ireland. The terms of the transaction were not disclosed.
NuArx is a provider of payment card industry compliance, managed security and digital transformation solutions for the restaurant, convenience, grocery and retail industries across North America. The acquisition is designed to improve Sysnet’s technology platform and accelerate market expansion.
The move comes at a time when cybercrime activity is increasing and affecting businesses of all sizes. Recent reports show that COVID-19 is an opportunity for cyber criminals to increase activity and innovation. According to Sysnet, this is a trend that threatens the stability and business continuity of many companies.
NuArx’s SecurePCI platform …