Kemp Little advises RUAG on acquisition of Cyber Security specialist Clearswift
Kemp Little LLP has advised the Defence division of RUAG, a Swiss technology company active in defence and security across Europe, USA and Asia, on… Read more
Kemp Little LLP has advised the Defence division of RUAG, a Swiss technology company active in defence and security across Europe, USA and Asia, on its acquisition of British Cyber Security specialist Clearswift.
With this acquisition, RUAG is making a significant investment in the expansion and long-term development of its cyber security business. “The acquisition of Clearswift ideally complements our existing portfolio of products and services. By combining our expertise in network defence with Clearswift’s data loss prevention and gateway solutions we will further boost our efforts to make RUAG Defence one of the leading cyber security specialists”, said Dr. Markus A. Zoller, CEO of the RUAG Defence division.
“I am confident that our expertise, together with the existing service and product offering, will augment the RUAG portfolio and drive further innovation”, says Clearswift CEO Heath Davies. Clearswift specialises in information security, offering companies around the world adaptive cyber security solutions for the effective protection of business-critical information against internal and external threats. It enables its clients to have secure continuous collaboration across email, web and the endpoint through its Adaptive Data Loss Prevention product suite. In the current year Clearswift is expected to generate over GBP 23 million in revenues with its 140 employees.
The Kemp Little team was led by M&A partner Glafkos Tombolis with support from corporate associates Adam Kuan and John Alder. Specialist tax advice was provided by Amanda Solomon, IP support from Paul Garland, Jeremy Harris, Emily Nuttall; commercial technology support from Paul O’Hare and Shirine Corboy and employment support from Anna Byford.
The parties have agreed to keep the purchase price confidential. The transaction is subject to regulatory approval in certain jurisdictions.
Lyceum Capital the private equity owner of Clearswift was advised by Travers Smith. RUAG was also advised by EY (Corporate Finance).
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