MP Corporate Finance acted as the exclusive financial advisor to the founders and co-shareholders of RadarServices in the sale of a 51%-stake in RadarServices, the European market leader in Cyber Risk Detection and Response, to CYOSS.
RadarServices Smart IT-Security GmbH, based in Vienna, Austria, is Europe‘s leading technology company in the field of Detection & Response focusing on early detection of IT security risks for corporations and public authorities offered as a Solution or a Managed Service. The company’s cutting-edge, in-house developed technology platform is the basis for building up a client’s Security Operations Center (SOC). In combination with a skilled team of cyber-security experts, state-of-the-art documented processes and best practices, the company also offers SOC as a Service.
CYOSS GmbH, a wholly owned subsidiary of ESG Elektroniksystem- und Logitik-GmbH and located in Munich, Germany, provides cross-sector data analysis, cyber and IT security service. CYOSS helps its public sector and industry customers to realise the potential of digitization by applying innovative data analytics and also to protect themselves effectively from cyber risks such as cyber attacks, industrial espionage, sabotage and data theft. CYOSS is also operating Germany’s first Cyber Simulation & Training Center.
The newly formed alliance between CYOSS and RadarServices creates the first global player for “Cyber Security Made in Europe”, offering a full-service approach in cyber security services, ranging from consulting and auditing of IT-infrastructures through testing, detection & response and training to a global customer base in more than 170 countries.
MP Corporate Finance supported the founders and its co-shareholders in the execution of this highly potent strategic alliance. “Finding a partner to further leverage the unique business model of RadarServices as well as to bring in additional capital to secure and accelerate the dynamic growth was the clear aim from the beginning of the project. The structured process with selected strategic players and financial investors subsequently led to a very competitive environment, out of which CYOSS GmbH resulted as the best partner for the future ambitions of RadarServices.” says Roman Göd, Managing Partner of MPCF.