CAST Expands Global Presence with Strategic Acquisitions of iStorage and Kanguru

Stockholm, Sweden, 11 November 2024

CAST, the newly established group by Systematic Growth, proudly announces the addition of leading companies in iStorage Ltd. (UK) and Kanguru Solutions (USA), as a strategic step toward building a powerhouse within data security, storage, and communications. The expansion strengthens CAST’s technological and geographical footprint, enhancing its capacity to serve demanding clientele across Europe and the United States with specialised, secure data solutions.

A New Chapter in Global Data Protection

With the additions of iStorage and Kanguru, CAST brings together companies that complement each other in both technology and markets. While iStorage leads in hardware-encrypted data storage solutions, Kanguru adds robust software capabilities, expanding the range of secure and user-friendly products that meet the strictest global standards in encryption and data protection.

These acquisitions mark the start of CAST’s journey to create a group that unites the very best of data security and communication solutions, fulfilling the security needs of industries including government, healthcare, finance, and energy.

“As part of CAST, we are now positioned to achieve even greater heights. This partnership will provide access to extensive resources, expanded technological capabilities and a broader market reach. These combined strengths will accelerate innovation, enhance our product offerings, expand our geographic footprint and better serve our customers and partners,”

said John Michael, CEO of iStorage.

A Proud, Forward-Looking Vision

“This acquisition marks our first shovel in the ground for the CAST platform—an inaugural step towards establishing a robust foundation for an expansive, global future. It underscores our commitment to pioneer innovation and certified leadership in the global information security sector. We are setting the stage for a new era of growth and industry leadership,”

said Jakob Holm, CEO of CAST,

Building the Future of Information Security

As cyber threats become increasingly complex, CAST is poised to continue expanding its group with companies that push the boundaries of data, network, and communications security. CAST’s aim is clear: uniting like minded entrepreneurial companies to deliver a comprehensive range of state-of-the-art information security products and services on a global scale towards the growing information security market.

“The confidence that the team at CAST has demonstrated in us through this investment validates the past, present, and future vision of the combined group as the global leader in the secure storage sector. We are excited to continue earning the trust of our customers and partners worldwide for years to come,”

said Nate Cote, MD Americas and Chief Growth Officer of Kanguru.

ABOUT ISTORAGE | KANGURU

is a global leader in government-validated, PIN-authenticated, hardware-encrypted data storage and cloud encryption solutions, delivering cutting-edge data security solutions to governments and corporations worldwide. With a comprehensive portfolio that includes secure data storage, remote management, and data duplication products, iStorage | Kanguru upholds military-grade encryption standards and compliance with key regulations, such as GDPR, HIPAA, and SOX. Trusted globally, iStorage | Kanguru is committed to making advanced encryption solutions accessible, setting new benchmarks in data protection and security across industries.

Learn more at: www.istorage-uk.com or www.kanguru.com

ABOUT CAST

CAST was founded in 2024 by Systematic Growth with the mission to build a group of like-minded companies within data protection, storage, servers and reliable communication.

Learn more at: www.castgroup.se

ABOUT SYSTEMATIC GROWTH

Systematic Growth is a company builder with a 20-year proven track record. Systematic Growth pinpoints and invests in specialised, profitable companies run by driven entrepreneurs. Together we build market leading Groups, creating significant operational upside and strengthened customer offerings.

Learn more at: www.systematic-growth.com

For further information, please contact: Benjamin Hailemariam, Marketing Director, Systematic Growth

E-mail: benjamin@sygrowth.com