INFONET has been 100% owned by CYBER1 since August 2018.

At what enterprise value was INFONET acquired in 2018?

During the acquisition of INFONET by CYBER1 in 2018, the transaction's Enterprise Value is estimated to be in the range of $10–30M.

What was the EV/EBITDA of INFONET when it was acquired by CYBER1?

The estimated EV/EBITDA multiple for INFONET is in the range of 5x - 12x.

What was the EV/Revenue multiple of INFONET when it was acquired by CYBER1?

The estimated EV/Revenue multiple for INFONET is in the range of below 1.5x.

When was INFONET acquired by CYBER1?

INFONET was acquired by CYBER1 in 2018.

What was the revenue of INFONET at the time of the deal?

The revenue of INFONET at the time of the deal is estimated to be in the range of $10–30M.

What was the EBITDA of INFONET during the acquisition?

INFONET's EBITDA is estimated to be in the range of $0–5M.

How is the data for the INFONET acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the INFONET deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cyber1.com/cyber1-enters-exclusive-agreement-to-acquire-infonet-a-leading-cyber-security-business-in-turkey/

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 14.6x.

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Home Database TMT (Tech, Media, Telecom)INFONET

08/2018

INFONET acquired by CYBER1

TURKEY IT Services / Consulting & Integration / Cybersecurity Services EV $10–30M

Context

CYBER1 has entered into a definitive agreement to acquire 100% of the share capital of Infonet. The acquisition aligns with CYBER1’s overarching strategy to scale its enterprise product offering within emerging high-growth territories. By integrating Infonet, CYBER1 gains a market-leading position in Turkey, access to a deep network of business development professionals, and a robust client base of over 2,000 customers. The deal offers significant revenue synergy potential through cross-selling of the combined group's broader security portfolio and leveraging the high level of technical expertise present within the Turkish IT market.

INFONET, which reported an EBITDA margin of [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Founded in 1995, Infonet is a premier provider of cybersecurity products and solutions in the Turkish market. The firm delivers a comprehensive range of cyber resilience services to a diverse portfolio of enterprise clients across highly regulated industries, including Financial Services, Telecommunications, Manufacturing, and Energy. Operating from offices in Istanbul and Ankara, the company has established itself as a cornerstone of the Turkish IT security landscape, recognized for its long-standing technical expertise and excellence in delivery. The company's business model is centered on acting as a strategic value-added partner to world-class security vendors. By leveraging deep technical proficiency and a robust network of IT channel relationships, the firm provides end-to-end implementation and advisory services.

Ent. Value

$10–30M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2017

2016

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07/2018	COURT SQUARE CAPITAL PARTNERS	MOMENTUM	UNITED STATES	MSP (Managed Services)
06/2018	POLARIS PRIVATE EQUITY	PRODATA CONSULT	DENMARK	Consulting & Integration
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06/2018	GFI INFORMATIQUE	REALDOLMEN	BELGIUM	Consulting & Integration
06/2018	ORANGE	BUSINESS & DECISION	FRANCE	Data & AI Consulting
06/2018	ARDIAN	JAKALA	ITALY	Consulting & Integration
04/2018	ADVENT INTERNATIONAL	CIRCET	FRANCE	IT Services

REFERENCES

Valuation range: EV $10–30M

Revenue range: $10–30M

EBITDA range: $0–5M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of INFONET by CYBER1 are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: infonet

Acquirer: cyber1