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Announced

Completed

Sontiq completed the acquisition of Cyberscout.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Domestic

cyber products

Single Bidder

Friendly

Acquisition

United States

Digital Services

Majority

Private Equity

Completed

Synopsis

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Sontiq, a portfolio company of The Wicks Group of Companies, and the intelligent identity security services provider, completed the acquisition of Cyberscout, a provider of cyber products and services tailored for the insurance industry. Financial terms were not disclosed. “With IdentityForce, Cyberscout and EZShield, we have created the trifecta required for all those we serve to combat and recover from the increasing harm resulting from identity crimes and cyber threats. This is a powerful acquisition for Sontiq. By adding Cyberscout into our product portfolio we are further strengthening our financial services market position with insurance industry expertise," Brian J. Longe, Sontiq President and CEO.

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