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New Deal


Announced

Completed

Cygna Labs completed the acquisition of DDI business unit of Nokia.

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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Pending

cloud security

Finland

digital services

Acquisition

Private

Single Bidder

Majority

Cross Border

Friendly

compliance technology

Digital Services

Synopsis

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Cygna Labs, a software developer, completed the acquisition of DDI business unit of Nokia, a Finnish multinational communications corporation. Financial terms were not disclosed. “The continued adoption of cloud computing services by enterprises remains a key driver for the DDI market. Enterprise networks have become more distributed than ever, and business-critical applications that organizations rely on are increasingly being hosted in the cloud. The addition of VitalQIP to our DDI offerings ensures our existing and new customers have access to the most comprehensive selection of DDI solutions and DDI managed services in the world,” Alexander Haecker, Cygna Labs CEO.

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