Member Article

NCC cross the pond with £7m mobile deal

IT services company NCC Group has extended its presence in New York with their third North American acquisition.

The Manchester-based software and IT security firm confirmed the deal on the stock market this morning as they entered the mobile and telecommunications business by buying up Intrepidus for £7.1million.

NCC are an international provider of escrow and assurance series. They acquired the research and testing company which has many blue chip clients and specialises in the financial services and telecommunications market.

The company will be benefit from Intrepidus’ New York headquarters which employs 19 people as testers.

The deal was financed using existing debt facilities and cash flow from inside the company, to make it possible for NCC to acquire the company with an initial installment of £3.7 million followed by two payments of £.4 million in the next two years.

Rob Cotton, the CEO of NCC Group praised Intrepidus for being a “highly respected business with an extremely strong presence in the rapidly growing mobile telecommunications sector.”

He said: “This acquisition is an important strategic development for us as it considerably widens our range of offerings, as well as industry IP, and brings a number of new blue chip technology customers.

“Intrepidus will further increase our profile and capabilities in the significant New York market where we now have the largest testing team.

“It already has an excellent record of growth and we are confident that it will continue to thrive with the additional resources of the wider Group.”

NCC’s deal with Intrepidus will further secure their foothold in the international market in security research, testing, advice, forensics and web performance testing.

This was posted in Bdaily's Members' News section by Miranda Dobson .