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New Deal


Announced

Completed

Just Develop It completed the acquisition of Total Security from System1 for $340m.

Financials

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Transaction Value£267m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cybersecurity

Completed

Single Bidder

Domestic

Digital Services

Acquisition

Majority

Private

technology service

United Kingdom

Friendly

Antivirus Protection

Private Equity

Synopsis

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Just Develop It, an investment company, completed the acquisition of Total Security, a provider of cybersecurity solutions, from System1, an omnichannel customer acquisition marketing platform, for $340m. “As we have stated before, we are committed to positioning System1 to take advantage of current trends in digital advertising through our RAMP platform, and believe the financial flexibility created by this transaction will allow us to further those efforts. The new capital will enable us to both continue investing in our core advertising business, while also improving our leverage and liquidity position,” Tridivesh Kidambi, System1 CFO.

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