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New Deal


Announced

Completed

Cygna Labs completed the acquisition of VitalQIP from 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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cloud security

Software

Cross Border

Majority

Private

Germany

Acquisition

Completed

Friendly

Single Bidder

Synopsis

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Cygna Labs, a software developer, completed the acquisition of VitalQIP, a software manufacturer with a focus on providing enterprises worldwide with the latest innovations in DDI, cloud security, and compliance technology, from Nokia, a telecommunications, information technology, and consumer electronics 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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