Member Article

Manchester’s NCC make £8.4m US acquisition

Manchester-based NCC Group has acquired US-based Matasano Security LLC for £8.4m.

The information assurance firm will take over the US independent security research and testing services provider, who service a number of blue chip clients particularly in software, IT, internet and financial services.

In the year ending June 30, Matasano revenue was $5m, and the acquisition will increase NCC Group’s presence in New York and Chicago.

The acquisition has been financed through existing debt facilities and internally generated cash flow.

Rob Cotton, NCC Group Chief Executive, said: “Matasano is a highly respected industry player and this acquisition is a key strategic development for us. It substantially increases our presence and profile in the US, particularly within the important east coast market, considerably widening our capabilities and industry IP and bringing a number of leading blue chip technology customers.

This was posted in Bdaily's Members' News section by Tom Keighley .