Detica Group plc has completed the acquisition of Inforenz Limited. Inforenz provides a specialised range of computer forensic services and products to the commercial and law-enforcement markets.
The initial consideration paid was GBP1.0 million in cash, with up to a further GBP1.0 million in cash depending upon the performance of Inforenz in the period to 31 October 2007. Inforenz was privately owned and in its audited accounts for the year ended 31 October 2005, reported revenues of GBP0.8 million and profits before tax of GBP0.2 million. The acquisition is expected to be modestly earnings enhancing in year one.
[Congratulations - a few more of the friends seem to have turned the corner to financial safety :-). --Ed].
Related links: (Open in a new window.)
www.detica.co.uk
Taken from Information Security Bulletin.