- CYBER1 acquires additional 50% Cyber Security Africa Distribution (“CSAD”) and 25% of Cyber Security South Africa (“CSSA”).
- Upon closing of the transactions, CYBER1 holds 100% of CSAD and 100% of CSSA.
- Combined CSSA and CSAD gross revenues in 2021 were €11.4m
- Total consideration payable for 50% of CSAD and 25% of CSSA on a debt free basis equates to €2.172m, including full release of seller’s claims on the target companies
- Both transactions are on a full cash basis
CSSA and CSAD have built strongly upon their 2020 performance, recording combined gross revenue of €11.4m in 2021.
The total consideration payable on a debt free basis by CYBER1 for the captioned transactions is €2.172m as below:
CSAD: appr. €1.35m in total (including seller’s claims release), with €937k payable at closing on
CSSA: appr. €822k in total (including seller’s claims release), with €312.5k payable at closing on
Cyber Security Africa Distribution (CSAD) is an industry-leading value-added Distributor with a single-minded focus – the mitigation of information security risk for their clients. The company focusses their attention on niche, generally complex and certainly relevant security solutions, aimed predominantly at enterprise and mid-market clients. CSAD provides services to the continent of
Cyber Security South-Africa (CSSA) is an industry-leading, value-added, Cyber Security Technology Distributor, backed by globally recognised international vendors. The company offers a comprehensive list of solutions, aimed at mitigating information security risk – working through trusted local channel partners. The consultative approach of firstly assessing the current Security Posture and level of maturity, ensures they understand the strategic vision and long-term goals of the end-user. Over the years, the team has built strong relationships at both the end user and partner level, which creates a significant advantage compared to the traditional distribution model that is apparent within
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