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NCC Group PLC Acquisition of Matasano Security LLC

August 2012 £8.4m

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growth strategy

Project Coco

August 2012 £8.4m

About the client

NCC Group is a global information assurance specialist providing organisations worldwide with expert escrow, verification, security consulting, website performance, software testing and domain services.

About the deal

Rickitt Mitchell acted as lead adviser to NCC Group on the acquisition of US based Matasano Security LLC, an independent security research and testing services provider. The deal was structured via an upfront payment of £4.2m, followed by two further payments of up to £4.2m over the next 24 months against performance related targets.

This immediately earnings enhancing acquisition substantially increases NCC Group's presence in New York and Chicago.

"This acquisition is a key strategic development for us. It substantially increases our presence and profile in the US, particularly within the all important East Coast market. It considerably widens our capabilities and industry IP and brings a number of leading blue chip technology customers."

Rob Cotton | CEO | NCC Group PLC