SysGroup is a managed IT services provider based in Liverpool, UK. The company has sought to enhance not just its geographic reach in the UK, but also the range of technical services it can offer, through acquisition. In April 2022, SysGroup announced the acquisition of Truststream Security Solutions, which is an Edinburgh-based cyber security firm. The deal is thought to be worth up to £8.5 million, including initial cash consideration of £4.8 million, and will be funded by a combination of existing cash resources and a revolving credit facility. In making the acquisition, SysGroup intends to expand its existing service offering from threat analysis to incident and detection response. It will also give SysGroup considerably more reach in terms of geography, as the company to be acquired is based in Scotland. This isn't the first acquisition that the firm has made in recent times, as it has already bought independent financial services group Zeus, which is based in Manchester.