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New Deal


Announced

Wise Equity-backed Innovery to acquire Open3s.

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 Equity

Single Bidder

Spain

data analytics

cybersecurity

Private

Majority

it security

IT Services: Other

Pending

Acquisition

Cross Border

Friendly

Synopsis

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Wise Equity-backed Innovery, cybersecurity company, agreed to acquire Open3s, a company specialized in cybersecurity, data analytics and IT infrastructure services. Financial terms were not disclosed. "Through this acquisition, the group is taking a step forward in its expansion strategy for the Iberian market, a market in which we have had a presence since 2008 and in which we will be able to compete more strongly with other large groups specialised in cybersecurity. Today, thanks to the integration of Open3S' know-how, we will be able to offer an even more comprehensive range and increase our competitiveness," Gianvittorio Abate, Innovery CEO.

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