The Telefónica subsidiary has bought cyber risk consultancy and software producer Govertis having previously invested through subsidiary ElevenPaths.

Govertis, a Spain-based cyber risk and compliance software provider backed by telecommunications firm Telefónica, was acquired yesterday by the latter’s cybersecurity subsidiary, ElevenPaths.

Founded in 2012, Govertis helps enterprise clients in Spain and Latin America manage cybersecurity risks to their business by providing software to protect IT systems and guidance on compliance with relevant regulatory frameworks.

ElevenPaths, which forms of Telefónica Tech, a subsidiary of Telefónica focused on cloud, security and data technologies, will leverage the company’s products as part…