Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  NCC Group plc    NCC   GB00B01QGK86

NCC GROUP PLC

(NCC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

NCC : Acquisition of US cyber security consultancy

11/11/2016 | 07:08am EST

11 November 2016

NCC Group plc

Acquisition of Boston-based US cyber security consultancy for up to $6m

NCC Group plc (LSE: NCC or 'the Group'), the independent global cyber security and risk mitigation expert,has acquired Virtual Security Research, LLC ('VSR') for a maximum consideration of $6m in cash.

VSR (https://www.vsecurity.com/)is an information, network and application security consultancy based in Boston, Massachusetts. It provides services to US corporate clients, including several in the Fortune 500, mainly in the technology and financial services sectors.

Highlights

· VSR was established in 2004 and has a reputation for the technical ability of its senior security consultants and the quality of its services

· VSR's founder and senior management team are remaining with the business

· VSR is based in Boston's financial district and is an important addition to the Group's US office network

· VSR will provide a foundation stone into Boston and that part of the north-eastern region of North America

· Total consideration of up to $6m comprising an initial payment of $4m (subject to completion adjustments) and two further annual payments of up to $1m each, dependent on performance related targets

· Earnings enhancing and financed from existing debt facilities and internally generated cash flow

Rob Cotton, NCC Group Chief Executive, said:

'This earnings enhancing acquisition is part of our strategy to acquire services-led businesses in North America, to further complement our geographical presence and technical strength in the region.

'VSR is an important addition to our US office network and will provide a foundation stone to grow our coverage in Boston and in the North East of the US.'

Enquiries:

NCC Group (www.nccgroup.trust)

+44 (0)161 209 5432

Rob Cotton, Chief Executive

Instinctif Partners

Adrian Duffield/Lauren Foster

+44 (0)20 7457 2020

NCC Group plc published this content on 11 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 November 2016 12:07:10 UTC.


© Publicnow 2016
All news about NCC GROUP PLC
10/30NCC : appoints Inge Bryan to head up continental European operations
PU
10/15NCC : launches new Remediate service to strengthen clients' security postures
PU
10/08NCC GROUP PLC : Ex-dividend day for final dividend
FA
08/31NCC GROUP PLC : annual earnings release
06/03UNIVERSITY OF SURREY : Cyber criminals could find Starlink satellites irresistib..
AQ
02/07NCC : Block Listing Application
PU
02/06NCC GROUP PLC : Ex-dividend day for interim dividend
FA
01/23NCC : Interim Results
PU
01/06NCC : Notice of Interim Results
PU
2019NCC : Lord Mayor of London visits NCC Group HQ on first visit to Manchester
PU
More news
Financials
Sales 2021 267 M 356 M 356 M
Net income 2021 13,1 M 17,4 M 17,4 M
Net cash 2021 2,35 M 3,13 M 3,13 M
P/E ratio 2021 38,2x
Yield 2021 2,33%
Capitalization 562 M 749 M 748 M
EV / Sales 2021 2,09x
EV / Sales 2022 1,87x
Nbr of Employees -
Free-Float 97,9%
Chart NCC GROUP PLC
Duration : Period :
NCC Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NCC GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 217,88 GBX
Last Close Price 200,50 GBX
Spread / Highest target 23,7%
Spread / Average Target 8,67%
Spread / Lowest Target -8,73%
EPS Revisions
Managers
NameTitle
Adam Howard Palser Chief Executive Officer & Executive Director
Christopher Michael Renwick Stone Non-Executive Chairman
Steve Boughton Director-Global Operations
Timothy John Kowalski CFO, Secretary & Executive Director
Ollie Whitehouse Chief Technical Officer
Sector and Competitors
1st jan.Capitalization (M$)
NCC GROUP PLC-11.09%749
INFOSYS LIMITED50.45%63 038
NOMURA RESEARCH INSTITUTE, LTD.48.85%20 194
FORTINET, INC.15.95%20 095
EPAM SYSTEMS, INC.53.63%18 250
AKAMAI TECHNOLOGIES, INC.20.10%16 983