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Announced

Completed

Volaris Group completed the acquisition of Hitachi ID Systems.

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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Single Bidder

Completed

security solutions

Software

Acquisition

Canada

Majority

access management

Private

Friendly

Domestic

Synopsis

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Volaris Group, a software holding company, completed the acquisition of Hitachi ID Systems, an identity and access management company. Financial terms were not disclosed. “Over the past few years, as executives have broadened their security perimeters to global workforces, hackers and other malicious actors have intensified attacks. CISOs need a technology partner with a stable and long-term vision to help mitigate these threats. Volaris brings expertise and resources to Bravura Security to help position us for the next phase in our mission to make businesses more secure," Nick Brown, Hitachi ID Systems CEO.

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