Cognosec AB, a leading supplier of cyber security solutions with operations in Europe, Africa and the Middle East, has completed its acquisition of UK-based A-TEK DISTRIBUTION LIMITED. The acquisition is in line with Cognosec's strategy to expand business areas to cover the sale and distribution of software technologies over the internet.
Cognosec AB today announces the completion of the acquisition of A-TEK DISTRIBUTION pursuant to previous directives.
A-TEK DISTRIBUTION is a UK registered company with offices in Manchester and Johannesburg. The transaction has completed by Cognosec AB and will be injected into COGS subsidiary, Credence Security.
A-TEK DISTRIBUTION is a specialist Digital Software Distribution Business, distributing cyber security solutions by portal and established by pioneers of digital software distribution. The business is positioned as a New Age Distribution Business, enabling global access to the vast Enterprise & SME markets with Pay-as-you-Use and Software-as-a-Service cyber security solutions. The technology platform provides significant scalability and global advantages through innovative distribution methodologies.
A-TEK DISTRIBUTION recorded revenues of over £88 in FY2016 and EBITDA of £42.
The acquisition of A-TEK improves Cognosec's competitive advantage for both vendors and customers alike. This addition also expands Credence Security's current product portfolio to incorporate cyber security solutions for secure operation centers, network operation centers, datacenters, mobile platforms, virtualized environments as well as providing critical fraud prevention solutions into the technology, media, telecommunications, financial and public sectors.
Commenting on the acquisition of the business by Cognosec AB, Simon Campbell-Young, A-TEK's Co-founder & CEO, says that - "This will provide us with the traction that is required in this heavily fragmented market, to move quickly and expeditiously towards solving our communities' needs with rapid supply solutions to ever increasing demands, internationally."
Patrick Boylan, Group MD of Cognosec AB commented - "The acquisition of A-TEK gives us the further strength and security of building upon man-years within the cyber industries from a hugely diversified group of existing and potential vendor offerings."