TDR Capital to acquire Escode from NCC Group for £275m.

TDR Capital, a British private equity firm, agreed to acquire Escode, a software escrow service provider, from NCC Group, a global cyber and software resilience business, for £275m. "The sale of Escode completes the divestment of our non-core activities and allows NCC to focus fully on accelerating growth in our core Cyber security resilience business. Over the past year, we have transformed the business and strengthened our strategic sales capability, introduced technology-led, recurring-revenue services, and invested in consulting and implementation capabilities that are delivering value. Supported by stronger global account management and a unified sales operations function, we are well positioned to deepen client relationships, grow recurring revenue, and advance our cyber-focused strategy with clarity and momentum. I echo Chris' thanks to the entire Escode team for their consistency and dedication in driving the business to where it is today. We'll work to ensure a smooth transition for colleagues and customers as we work towards Completion," Mike Maddison, NCC Chief Executive Officer.