Information assurance firm NCC Group has revealed plans for a £156m acquisition as well as a £70m placing in a bid to make it a market leader.
The Manchester-based group, whose service areas cover cyber security consulting and managed services, announced on Thursday it had agreed to buy the Intellectual Property Management (IPM) business of US IT giant Iron Mountain Inc.
IPM is a provider of software resilience services to a "large and diverse US market".
NCC said the combination of the two firms will provide "immediate additional scale" to its core software resilience business, making the US region the largest contributor of the division's revenues and profits.
The firm also said a share placing of around 9.9% of the company's capital is hoped to raise £70m, and will help fund the acquisition.
Adam Palser, CEO of NCC, said: "This acquisition will transform NCC Group's Software Resilience business, making it a market leader, and deliver immediate financial and operational benefits to the whole of the group. The IPM Business shares many similarities with our own Software Resilience business, including a commitment to providing exemplary service for clients.
"There are tremendous opportunities to grow the combined business by offering IPM's blue-chip clients the choice of new services and support.
"Following completion, NCC Group will be a stronger and broader business with an even greater ability to support clients in the ceaseless struggle against cyber-crime in all its forms."
