|
|
|
21 Jan 2008
One of the UK’s largest specialist security resellers, MIS Corporate Defence Solutions, looks set to be acquired by a South African rival in a deal worth up to £14.2m.
Johannesburg-listed SecureData intends to launch an offer for the VAR through a new company, SDH UK, which it has set up with management from MIS. More than 90 per cent of MIS’s shareholders have already indicated their support for the deal, which is expected to close by the end of February.
SecureData said the acquisition would give it a footprint within a large and growing market “with geographic proximity to opportunities in the rest of Europe”.
It stressed that the duo share several suppliers and have similar customer profiles. SecureData, which operates across Africa, boasts partnerships with the likes of Check Point, Nokia, Websense and Trend Micro.
SecureData also said it hopes to utilise MIS’s managed services technologies and processes to provide managed information risk services to its customer base in Africa.
SecureData intends to fund the purchase through a £7.1m share issue and £5.4m raised through senior debt. The balance of £1.7m will be paid by MIS management, who will own 24 per cent of the new firm.
Further reading:
http://www.channelweb.co.uk/crn/news/2198334/crunch-gss-peapod-merger-3458399
Related articles
In this video find out about the fast-growing Chinese vendor's plans for market domination and how the channel is its route of choice
Find out what gifts Acer has in store for partners for 2012 in this exclusive roundup of its recent conference
CRN's premier networking event is back on 17 May at the Ricoh Arena
Date: Thu 17 May 2012
Channel fighters preparing to square up once more on 24 May
Date: Thu 24 May 2012
The proliferation of endpoint devices within the enterprise has highlighted the shortcomings of one of the traditional approaches to data security
This Forrester report compares the costs and benefits of legacy email and productivity software with Google Apps
Dave discovers that rozzers are seemingly living in the technology dark ages
Mark Needham, founder of distributor Widget, argues that John Browett leaves for Apple with Dixons in better shape than when he arrived
|
|
|
Do you agree?
Have your say