CYOSS a German provider of data analytics, IT and OT security, has acquired RadarServices, a European technology company in the field of cyberattack detection & response.
Drake Star Partners acted on this transaction as exclusive financial advisor to CYOSS and its parent company ESG Elektroniksystem-und Logistik, a specialist in development, integration and operation of complex and security-related electronic- and IT systems.
The integration of RadarServices into the CYOSS operations allows full coverage of the cyber security value chain and the merging of conceptual and operational business levels.
The merged company now shows a fully combined portfolio of consulting, monitoring & response, testing and training in cybersecurity, as well as integrated big data services. The group’s “Cyber security made in Europe” hallmark is now being implemented in 170 countries, with locations in Europe, USA, Middle East, Asia and Australia. The partnership transforms CYOSS into Europe’s largest provider of security consulting, services and products.
RadarServices’ owners have entered into an agreement for a majority sale of shares to CYOSS.
“The acquisition of RadarServices is an important step to position ESG and CYOSS in the cyber security market and strengthen our growth strategy,” says Christian Schwarz, CEO of CYOSS. He added: “Drake Star Partners supported us in the process until the successful transaction with their expertise.”
“The acquisition will set new standards in the cyber security sector, one of the most important technology sectors in the future. With this transaction, CYOSS and RadarServices create the leading provider in Europe,” says Julian Ostertag, Managing Partner at Drake Star Partners.
