Calian Completes Acquisition of US Managed Service Provider Computex

• Transformative acquisition puts Calian on the path to becoming a leading Managed Detection & Response organization in North America
• Computex offers a direct sales force, cybersecurity experts, an enterprise-grade hardened network operations centre and security operations centre, over 1,100 US customers and best-in-breed technology partners
• CAD$38M acquisition is expected to add CAD$75M in annual business

OTTAWA, ON / ACCESSWIRE / March 16, 2022 / Calian Group Ltd. (TSX:CGY), a diverse product and services company providing innovative solutions for the healthcare, communications, learning and security sectors, has completed the acquisition of US-based Computex Technology Solutions (Computex) for CAD$38M (USD$30M).

The acquisition marks the beginning of a strategic move for Calian to expand into the US everything-as-a-service (XaaS) market with a full suite of managed services. It will also expand the Calian IT and cybersecurity portfolio in Canada and global markets.

Computex has a 35-year history in the US, with a significant footprint in Texas, Minnesota and Florida. In 2021, Computex was named the AT&T Cybersecurity Growth Partner of the Year and the Cisco Innovator of the Year.

"The acquisition of Computex is an important step in our growth strategy," says Sacha Gera, President, IT and Cyber Solutions, Calian. "It will add $75 million in annual business, which includes $30 million in recurring revenue from managed IT and cybersecurity services. I look forward to working with the exceptional and highly skilled Computex team to build our cyber solution expertise and grow our capabilities with a full complement of XaaS services and IT solutions."

Computex employees include skilled engineers and consultants who form Computex Brainware. Through the Brainware Xchange, Computex offers free educational sessions about secure enterprise digital transformation towards the cloud.

"We're pleased to be acquiring a company that not only has so much to offer in the way of expertise and experience, but also has similar values," says Kevin Ford, CEO, Calian. "Computex is focused on customers and innovation, just like Calian. We are looking forward to working with the Computex team to build upon our synergies and expand our IT and cyber business in the US."

As a result of this acquisition, we have updated and raised our guidance to reflect the impact of Computex for the remaining six months of our fiscal year. Our guidance also reflects one-time transaction costs associated with the completion of the acquisition.