INFONET acquired by CYBER1
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 LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.3x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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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.
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 10M - 30M USD
Revenue range: 10M - 30M USD
EBITDA range: 0M - 5M USD
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: infonet
Acquirer: cyber1