Cyber Security 1 AB

CYBER1 ENTERS EXCLUSIVE AGREEMENT TO ACQUIRE INFONET, A LEADING CYBER SECURITY BUSINESS IN TURKEY - Seite 2

INFONET, audited by Grant Thornton and advised by PwC, employs thirty-seven full time personnel. 

INFONET is a private company led by Dr. M. Kemal Ciliz as the Company's Founder & Chairman. Dr. M. Kemal Ciliz educated in Turkey and U.S.A. is an active entrepreneur in the Turkish IT market and is the founder/investor of various IT start-ups in Internet related technologies in Turkey and USA.

Infonet has many man years' experience in cyber-specific products specifically within the broader industry channels providing cyber resilient solutions across the Financial Services, Telecommunications, Logistics, Education, Manufacturing, Energy and E*Commerce sectors. The business has generated profitable revenues and the final, audited numbers for 2017 show revenues of some $24m and EBITDA of $1.6m.

They are key partners for Check Point Software Technologies, Forcepoint, Kaspersky, Trend Micro and RSA Security along with some other leading security vendors selling their products through a robust and resilient network serving a solid corporate customer base.

The INFONET acquisition will allow the CYBER1 businesses to grow with improved access to experienced business development and technically experienced cyber personnel in Turkey and beyond and the attractive economies that exist highly educated, experienced, English speaking graduates.

Additionally, it gives access to primary client networks and the INFONET acquisition alongside the recent ITWAY acquisitions, will put CYBER1 into the pre-eminent position in both Greece and Turkey, as the leading provider of cyber products and advisory services.

Kobus Paulsen, Chairman of CYBER1 commented - "Dr. Ciliz and his team  have built a truly remarkable business showing historical and consistent CAGRs of over 20% in key emerging territories. Their hard work will be continued by the CYBER1 Teams, supported by our personnel from around the world, to build further profitable and sustainable revenues and profit contributions. The INFONET Team are a perfect fit for us from both cultural and entrepreneurial perspectives with highly dependable clients and we see immense benefits from our merger. We look forward to these next high growth phases of our businesses, together as one growing family."