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Investcorp reaches deal to acquire Coresec Systems

Investcorp reaches deal to acquire Coresec Systems

Investcorp, a global provider and manager of alternative investment products, together with its portfolio company SecureLink Group NV (SecureLink), has reached an agreement to acquire one of Scandinavia’s largest managed cyber security service providers, Coresec Systems AB (Coresec).

Established in 2003, Coresec offers integrated cyber security solutions and managed services to corporates and institutions. With more than 250 employees across seven offices and multiple 24/7 manned network and security operation centers, Coresec’s security experts provide relevant security advice and hands-on assistance to its diverse client base across Scandinavia and the Netherlands.

Yasser Bajsair, MD at Investcorp in Saudi Arabia, said: “Our intention for SecureLink was always to create a cybersecurity specialist that was able to reach customers right across Europe. With the acquisition of Coresec, we believe we have made a significant stride forward in this regard. As well as having greater scale, which is demonstrated by the companies having combined revenues of 200 million euros, there is a real sense of unified culture, which I believe will be a major advantage for the company over the long term.”

Marco Barkmeijer, CEO, SecureLink, stated: “For me, it is a dream come true. We have known Coresec for years, have great chemistry with their team and share the same outlook on the cyber security market. The combined group enables us to further optimize our service offering to our clients and to deepen our relationships with our vendor partners. I have great admiration for Coresec’s CEO Johan Andersson and look forward to working with him and his team to leverage SecureLink and Coresec’s respective strengths as we continue our European growth.”

Over the last 12 months, Investcorp’s European corporate investment team has witnessed its most active investment period in the firm’s 30 year history, having signed four new deals and successfully exiting eight European portfolio companies.


Source: Reuters

 

 

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