SGS takes majority stake in US cybersecurity compliance firm Prescient Security

SGS, the world's largest testing, inspection and certification group, has completed the acquisition of a majority stake in Prescient Security, a US provider of information compliance and cybersecurity certification. Prescient has over 350 employees and 5,000 customers, covering SOC2, ISO, PCI DSS, HITRUST, FedRAMP and CMMC frameworks plus penetration testing. SGS is targeting at least CHF 200 million in additional Digital Trust revenue by 2027 versus 2023.

Why it matters: Traditional TIC players are buying their way into cyber audit work as digital compliance becomes the new regulated frontier.