The entrepreneur behind thought-about considered one of Britain’s largest privately-held IT firms groups is close to sealing its first cybersecurity acquisition with a advisable present to buy London-listed ECSC.
Sky Information understands that Daisy Group, which was primarily based by Matt Riley, is on the brink of an announcement to build up the AIM-listed agency.
ECSC counts blue-chip firms along with Nationwide, the Wimbledon tennis championships and Rio Tinto amongst its purchasers.
It operates throughout the fast-growing area of cybersecurity firms, although it has a modest market capitalisation of merely £2m.
Sources said it may be absorbed inside Daisy’s Company Providers division as quickly because the acquisition has achieved.
ECSC employs 60 cybersecurity specialists, and has a workforce of 80 people.
The takeover of ECSC will mark the most recent in a struck of presents struck by Mr Riley, which have included the £210m purchase of rival XLN Telecom last yr.
Daisy is now second solely to BT Group throughout the UK’s SME telecoms market, and now employs roughly 1,000 people.
It manages mobile, cloud and totally different firms for enterprise prospects by way of quite a few divisions.
Mr Riley has sought to develop Daisy by positioning it on the coronary coronary heart of the transition to digital telecoms firms in an effort to entry higher tempo, reliability and security.
Daisy, whose founder has develop to be thought-about considered one of Britain’s wealthiest self-made people, was at one stage listed on most of the people market in London sooner than being taken private as soon as extra in 2014 with the backing of Toscafund Asset Administration.
Mr Riley stays its majority shareholder, with backing from Ares and Oakley Capital.
Allenby Capital, the stockbroker, is understood to be performing for ECSC on the deal.
Daisy declined to comment, whereas ECSC couldn’t be reached for comment.
