As announced, this acquisition was made through Telefonica’s cyber security company ElevenPaths, with the intention of bolstering its capabilities in the training of cyber security professionals. However, iHackLabs has been collaborating with ElevenPaths since 2018 for advisory services.
“Our relationship with iHackLabs began a few weeks after it arrived in Spain at the beginning of 2018. We are always scouting for collaboration and investment opportunities and the capabilities of the platforms and solutions developed by their team are at the cutting edge of cyber security training. It was only a matter of time before we would team up to train our professionals and those of our customers, offering them solutions specifically designed to meet their needs,” said Pedro Pablo Perez, CEO of ElevenPaths.
UK-based iHackLabs is a provider of different cloud-based training platforms and labs under a SaaS model that simulate real cyber threat situations adapted to the specific needs of companies and organizations.
“ElevenPaths has a team of highly qualified professionals and it understands that continuous training is necessary to stay ahead of the game and deal with increasingly frequent and diverse cyber threats. In this regard, virtual environments that can simulate real threats are the perfect solution for the comprehensive development of cyber security talent. We are especially pleased to be able to offer Telefonica’s broad customer base the opportunity to keep driving that talent in their own organizations,” said Miguel Rego, CEO of iHackLabs.
As part of its growth strategy in the security business, Telefonica also recently purchased Govertis, a company specialized in cyber security consulting. Through the acquisition of iHackLabs, Telefonica also plans to extend the training services offerings of ElevenPaths to its customers both in the private sector and the Public Administration.