Sweden-based Pointsharp, a cybersecurity solutions provider, announced on Thursday, August 10, that it has acquired Germany-based identity management specialist SIVIS to solidify its presence in the German market.

Pointsharp says that the  acquisition will contribute to its growth journey and helps the company improve its arsenal of cybersecurity products. 

The merger is also expected to allow Europe to achieve data sovereignty as many organisations still rely on providers outside the region.

Niklas Brask, managing director at Pointsharp, highlights the importance of the merger as the company is rapidly developing.