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New Deal


Announced

OceanSound Partners-backed Netrix to acquire BTB Security.

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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Domestic

Friendly

Security Services

United States

Private Equity

Majority

Pending

Information / Data Services

Private

security services

Single Bidder

Acquisition

Synopsis

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OceanSound Partners-backed Netrix, a provider of managed and professional IT services, agreed to acquire BTB Security, a cybersecurity and digital forensics solutions company. Financial terms were not disclosed. “Amidst a constantly evolving cybersecurity threat environment, businesses and other institutions are increasingly looking to outsourced experts to assist them in navigating a complex landscape of security best practices, regulatory requirements, and third-party tools. For over 15 years, BTB Security has demonstrated an unwavering commitment to helping clients understand and implement cybersecurity best practices and properly address their unique needs. We are thrilled to welcome the BTB Security team to the Netrix family. With their expertise and support, we will be able to provide a more robust portfolio of security solutions to Netrix clients across the globe," Russell P. Reeder, Netrix CEO.

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