Purchase will enable NCC Group to offer a wider technical offering in both Europe and North America
NCC Group has acquired the Intrepidus Group.
The independent provider of Escrow and Assurance Services has said that it will be purchasing the independent security research and testing services provider, which focuses on the mobile telecommunications sector for around £11 million cash.
The partnership means that the company will now be able to offer a range of services to detect security flaws in mobile devices, applications, systems and networks, all of which are complementary to NCC Group’s existing capabilities.
The acquisition is also claimed to enable NCC Group to offer a wider technical offering in both Europe and North America, as well as a broader range of information security assurance services as Intrepidus complements the Group’s existing capabilities
It will also “substantially strengthen and complement” the Group’s position in New York where the Group now has the largest security testing team.
NCC will cough up a first payment of £3.7 million then two further payments of up to £3.4 million in total over the next 24 months against performance related targets.
The acquisition will be financed from NCC Group’s existing debt facilities and internally generated cash flow.
Rob Cotton, NCC Group Chief Executive, said: “Intrepidus is a highly respected business with an extremely strong presence in the rapidly growing mobile telecommunications sector.
“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”