- Falanx Group has acquired AuditSec Services, a cybersecurity company founded by Richard Morrell, one of the UK's foremost cybersecurity entrepreneurs. AuditSec provides consultancy services and thought leadership to brands across Europe, aligned with and contracting to The Cloud Security Alliance.

The company has provided security guidance to some of the world's largest petrochemical, pharmaceutical and industrial companies. As part of the transaction Morrell joins Falanx Group from Gartner, the global information technology research and advisory firm, where he served as chief technology officer and technical director for the security and risk practice to world leading brands.

He will act as group chief technology officer (CTO) and managing director of Falanx Cyber Technologies, teaming up with Jay Abbott, exec-director cyber defence, to drive further innovation and market penetration of MidGARD.

At 8:06am: [LON:FLX] Falanx Group Plc share price was +0.38p at 7.25p

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