Sword Group Expands Cybersecurity and AI Capabilities with Acquisition of Edinburgh-based iDelta

Sword Group, a FinTech Scotland’s strategic partners, has announced its acquisition of Edinburgh-based fintech iDelta Ltd, a specialist firm focused on customised data solutions, cybersecurity monitoring, AI automation, and fraud analytics.

Founded in Scotland’s thriving tech ecosystem, iDelta has developed a strong reputation for its bespoke solutions in infrastructure and application monitoring, particularly within financial services. Its specialist consultants have created innovative tools for managing Open Banking data APIs and have developed extensions available on the popular Splunk marketplace. These solutions streamline the integration process with third-party technologies, enabling customers to effectively harness their data assets.

Kevin Moreton, CEO of Sword UK, described the move as a strategic step towards enhancing Sword’s capabilities in cybersecurity and artificial intelligence, particularly within the financial services sector.

“We’re pleased to welcome iDelta into Sword Group. This acquisition is well-aligned with our strategic vision for 2028 and significantly strengthens our cybersecurity strategy. Combining our expertise will enable us to deliver even greater value to our customers,” Moreton said.

Stuart Robertson from iDelta also welcomed the acquisition, noting the shared commitment between both companies towards innovation and technical excellence.

“Joining Sword opens exciting new opportunities for growth and collaboration. Our strong partnerships with Splunk and Cisco, combined with Sword’s extensive resources, mean we’re perfectly positioned to expand our offerings and accelerate our capabilities,” Robertson said.

Sword Group, known for providing business technology solutions across energy, public, commercial, and financial sectors, currently employs over 600 staff across its UK locations, including Aberdeen, Glasgow, Teesside, and London.

The acquisition underlines Sword Group’s strategic approach to bolstering its technical expertise in critical domains like cybersecurity and AI, reflecting broader industry trends towards greater digital resilience and smarter data utilisation.