Vistorm sale speculation mounts
Channel tongues wagging over rumours that security services giant is to be sold
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.”