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14 May 2007
Vistorm is playing its cards close to its chest over rumours that the security services giant is close to a sale.
Speculation has been mounting that the VAR’s venture capital (VC) investors, which include 3i, are believed to be looking to sell the business for between £100m and £150m.
One market observer, who asked to remain anonymous, said: “Vistorm would make an obvious target for a larger, high-end player. It is more likely that a firm will buy Vistorm to complement what it already does.”
Nick Garlick, managing director of rival VAR Nebulas Security, said: “The security market is booming right now. It is difficult to break into the market and build a business from scratch, so an established player like Vistorm is a desirable target.”
Jim Kent, chief executive of Vistorm, told CRN: “Speculation about 3i and VC owned companies being bought and sold is commonplace. The Vistorm board has appointed Ernst & Young to advise on future strategy, which will focus on finding ways to continue to build the business.”
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