Security player Accumuli has plenty of experience on the acquisition front but this time it is the one being picked up by NCCGroup.
Over the past couple of years Accumuli has built itself into a managed security services player supported by a series of deals that have bulked out its expertise.
In the past two years it picked up RandomStorm, Signify and Eqalis and had added managed services and intellectual property depth to its business.
The firm put out a pre-close trading statement for the year ended 31 March, ahead of the final publication of final results in June 2015, revealing that revenues should be in the region of £27m, up from £16.6m in 2014.
The NCC cash and share deal values Accumuli at £55m and will add more strength to the security side of the firm’s operations.
“The addition of Accumuli will enable us to provide a wider and more comprehensive range of security solutions and services. In this dynamic and rapidly growing international market, customers are now looking for the type of 24/7 operational security support and incident management offered by Accumuli in addition to our consulting capabilities,” said Rob Cotton, CEO of NCC Group.
“Accumuli is notably aligned with us in the security space and brings valuable new capabilities and will enable us to expand our development teams,” he said.
“We have already been bidding jointly together on a number of projects, and with Accumuli as part of the Group, we will be able to bid for complex projects in a sole capacity. The acquisition provides an opportunity to develop our core consulting business cross a wider customer base," he added.
In response,Nick Kingsbury, non-executive chairman of Accumuli said that its board had recommended the acquisition and it felt “the structure of the Offer should allow Accumuli Shareholders to benefit from the potential advantages of the two businesses combining. The deal should also be highly beneficial to our existing customer base.”