Cy4Gate to acquire Aurora for $119m.

Cy4Gate, a company operating in the cyber intelligence and cyber security market, agreed to acquire Aurora, a firm engaged in the forensic intelligence & data analysis sector, for $119m. The acquisition will strengthen the overall value proposition of the company, towards both institutional and corporate clients, thus confirming its nature as a 360-degree cyber software house. In particular, the important synergies in R&D that will arise from the acquisition will also allow, the consolidation and strengthening of the company’s technology and product offering in cyber security, a segment characterized by a growth rate of approximately 15% per year, in the domestic market only. The transaction will also result in significant business synergies and efficiencies that will allow Cy4Gate to increase its market reach on the main European Countries, accelerating the internationalization process already underway.