VikingCloud (formerly Sysnet Global Solutions)
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Overview
VikingCloud is a managed cybersecurity and compliance services company that provides PCI compliance, threat detection, network security, and endpoint protection to enterprises and small businesses worldwide. The company is a global leader in PCI DSS compliance, operating across 16 countries with over 100 qualified security assessors. It protects more than 4 million business locations across retail, hospitality, healthcare, and other sectors.
By the Numbers
Founders
Helped establish Sysnet Global Solutions as a PCI compliance and managed security services provider focused on the SMB and enterprise markets in Ireland and the UK.
Built the company from a regional Irish IT firm into a global PCI compliance leader serving millions of businesses worldwide.
Co-founded Sysnet and played a key role in scaling the business through partnerships with major acquiring banks and payment processors.
The company grew largely through white-label partnerships with banks, meaning most customers never knew the Sysnet name directly.
Funding
Competitors
Broader enterprise focus with managed detection and response; less SMB-oriented than VikingCloud
Strong focus on PCI and HIPAA compliance auditing; more audit-centric than managed services
Deep compliance advisory and assessment services across multiple frameworks beyond PCI
UK-focused managed security and penetration testing services
Offers PCI QSA services as part of a much larger telecom and enterprise IT portfolio
Key People
Serves as Chief Executive Officer of VikingCloud, leading the company through its post-rebrand expansion into managed cybersecurity services. Has been with the Sysnet/VikingCloud organization through its growth phases.
Leads global revenue generation and go-to-market strategy for VikingCloud's cybersecurity and compliance services portfolio.
Oversees technology strategy and product development including managed detection and response and compliance platforms at VikingCloud.
Revenue & Model
Hiring Signals
Tech Stack
Notable Customers
Web Presence
Verified from public records — not AI-estimated.
Trackers & Analytics
Scanned from the HTML sysnetgs.comserves — scripts a tag manager injects later won't appear here.
How They're Doing
VikingCloud rebranded from Sysnet Global Solutions in 2022 following its merger with Acumen Security and backing from Warburg Pincus, signaling a strategic expansion beyond PCI compliance into broader cybersecurity services. The company continues to leverage its massive installed base of 4 million+ protected business locations and deep bank/acquirer channel partnerships. Growth is focused on expanding managed detection and response (MDR) capabilities and cross-selling cybersecurity services to its existing compliance customer base.
●Rebranded to VikingCloud in 2022 after merging Sysnet and Acumen Security under Warburg Pincus
●Expanded to over 100 QSAs across 16 countries, reinforcing global PCI compliance leadership
Prognosis
VikingCloud is well-positioned to capitalize on increasing regulatory pressure around payment security and broader cybersecurity mandates, particularly as PCI DSS 4.0 compliance deadlines drive demand for assessments and managed services. The Warburg Pincus backing provides resources for further acquisitions and geographic expansion. However, it must differentiate in an increasingly crowded MDR and managed security market dominated by well-funded competitors.
●PCI DSS 4.0 compliance wave driving new assessment and managed services demand
●Cross-selling broader cybersecurity services (MDR, endpoint, threat detection) to 4M+ existing business customers
●Growing SMB cybersecurity market as small businesses face increasing threats and regulatory requirements
●Potential for further acquisitions under Warburg Pincus to expand capabilities
●Crowded managed security services market with large players like Trustwave, Arctic Wolf, and Secureworks
●Commoditization of PCI compliance services reducing margins
●Dependence on bank and payment processor channel partners for customer acquisition
●Talent competition for qualified security assessors (QSAs) in a tight cybersecurity labor market
Recent News
Sysnet Global Solutions rebrands to VikingCloud following merger with Acumen Security
PR Newswire
Warburg Pincus-backed Sysnet acquires Acumen Security to expand cybersecurity capabilities
Business Wire
Warburg Pincus invests in Sysnet Global Solutions to accelerate growth
PR Newswire
VikingCloud expands managed detection and response (MDR) services for SMBs
VikingCloud Blog
VikingCloud promotes PCI DSS 4.0 readiness services ahead of March 2024 compliance deadline
VikingCloud
Acquisitions
Fun Facts
- 01The company served millions of businesses for years under the Sysnet name without most customers ever knowing it — their product was white-labeled by banks and acquirers.
- 02VikingCloud is one of the few cybersecurity firms to have 100+ QSAs on staff, making it one of the largest PCI assessment organizations in the world.
- 03The domain sysnetgs.com is still active and redirects to VikingCloud, reflecting the company's legacy identity long after the 2022 rebrand.
Timeline
Positioned as key compliance partner for PCI DSS 4.0 transition deadline
Expanded managed detection and response (MDR) and endpoint security services
Sysnet acquires Acumen Security and rebrands the combined company as VikingCloud
Warburg Pincus invests in Sysnet Global Solutions to fund expansion
Grew to protect over 3 million business locations globally
Expanded PCI compliance services across Europe and North America through bank channel partnerships
Domain sysnetgs.com registered, reflecting growing global ambitions
Sysnet Global Solutions founded in Dublin, Ireland, focused on PCI compliance for SMBs