Mergers and Acquistions News
Categories: IT Services & Consulting
April 26th 2010, 14:27PM
NCC Group, an international provider of escrow and assurance testing, has acquired Cheshire-based rival SDLC Solutions for £15 million in an all-cash transaction.
The deal, which is said to complement NCC's existing information security and testing capabilities, will allow the group to offer a wider variety of security assurance services.
An initial consideration of £7.75 million was paid in cash for the acquisition of SDLC, which will be followed by two payments totalling £7.25 million over the next 26 months, dependent on performance-related targets.
"Introducing our information security services and clients to SDLC's extensive expertise will further strengthen our position, whilst we will be able to provide a wider range of services to SDLC's client base," said Rob Cotton, group chief executive of NCC.
The news follows NCC's acquisition of Meridian Services International, a card services auditing and assurance company, which was completed earlier this month for £3 million in cash.
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)
- May 2011 (20)
- April 2011 (18)
- March 2011 (21)