Expanded technology and expertise will
accelerate the delivery of innovative managed security services to
convenience retail, QSR, automotive dealership, and adjacent
industries
ATLANTA, June 20,
2024 /PRNewswire/ -- PDI Technologies, a global
leader delivering powerful solutions and insights that serve as the
backbone of the convenience retail and petroleum wholesale
ecosystem, today announced its acquisition of Nuspire, a leading
managed security services provider (MSSP). This acquisition is the
first expansion by M&A for the PDI Security Solutions business
since the company launched its cybersecurity and managed network
services business segment in 2020. In addition to providing a
wide range of cybersecurity services for convenience stores and gas
stations, PDI helps to reduce network complexity and enhance
security for quick-service restaurants (QSRs), fast casual dining,
and other restaurant and specialty retail locations.
"Over the last three and half years, we've been organically
growing both our security offerings and our customer base as we
secure the convenience retail ecosystem and beyond," said
Linnea Geiss, Chief Operating
Officer, PDI Technologies. "Nuspire has been committed to
innovation and service in adjacent industries, and we are thrilled
to welcome their skilled team, robust capabilities, and
distinguished portfolio to PDI. We look forward to growing and
diversifying our roadmap and business together."
Headquartered in Metro Detroit (Commerce, Michigan) and recognized as a
trusted leader for more than 25 years for automotive dealerships,
manufacturing, and other businesses, Nuspire provides a broad range
of solutions. Key offerings include managed security services
(MSS), managed detection and response (MDR), endpoint detection and
response (EDR), and cybersecurity consulting capabilities such as
incident preparedness, threat modeling, and executive advisory
services.
"From ransomware attacks to data breaches, phishing attempts,
and more, there are nonstop cyberthreats to businesses of every
type, size, and maturity," said Lewie
Dunsworth, Chief Executive Officer, Nuspire. "As we become a
part of PDI, our teams will be able to deliver and scale even more
powerful security technologies that allow current and future
customers to thrive within an evolving threat landscape."
"The automotive dealerships supported by Nuspire share
similarities to the convenience retail and QSR industries already
served by PDI," said Chris Berry,
President, Security Solutions, PDI Technologies. "Both are
fast-paced, high-volume, and complex connected environments across
distributed networks where system reliability, customer
satisfaction, and data security are paramount—and where
vulnerabilities are abundant. As we work to integrate PDI and
Nuspire, we will begin offering additional services to both
customer bases, including bringing a much-needed cybersecurity
consulting practice to convenience retailers."
Berenson & Company, LLC served as financial advisors to
PDI in connection with the transaction, and Harris Williams and Houlihan Lokey served as financial advisors to
Nuspire.
About PDI Technologies
With 40 years of industry leadership, PDI Technologies, Inc.
resides at the intersection of productivity and sales growth,
delivering powerful solutions that serve as the backbone of the
convenience retail and petroleum wholesale ecosystem, as well as
other specialty retail and restaurant environments like
quick-service restaurants (QSRs), fast casual dining, and more. By
"Connecting Convenience" across the globe, we empower businesses to
increase productivity, make informed decisions, and engage faster
with their customers. From large-scale ERP and logistics operations
to loyalty programs and cybersecurity, we're simplifying the
industry supply chain for whatever comes next. Today, we serve over
200,000 locations worldwide with solutions like the Fuel Rewards®
program and GasBuddy®, two popular brands representing more than 30
million users. Visit the PDI Technologies website.
About Nuspire
With over 25 years of expertise, Nuspire is redefining
cybersecurity. The company delivers innovative managed security
services (MSS), managed detection and response (MDR), endpoint
detection and response (EDR), and consulting solutions tailored to
clients' needs. Nuspire's technology-agnostic platform and
data-driven intelligence seamlessly blend human expertise, advanced
AI/automation and advanced technologies to provide unprecedented
visibility, control and predictive intelligence across clients'
cybersecurity infrastructure. Driven by uncompromising excellence,
Nuspire's experts and 24×7 SOCs empower clients to confidently
navigate the evolving threat landscape. For more information,
visit https://www.nuspire.com/ and follow the company
on LinkedIn @Nuspire.
For more information, contact: pr@pditechnologies.com
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SOURCE PDI Technologies