10 April 18
"Cyber Research turns down buyers to build more value ahead of potential exit - CEO
Cyber Research, a private Brisbane, Australia-based cybersecurity company, has turned down buyers to pursue its own growth strategy, including overseas expansion, and build value ahead of a potential exit in three to five years, said Chief Executive Officer and co-founder Tony Barnes.
Down the line, a sale, including to a private equity firm, is a likely exit option. However, it could also opt for a listing to raise capital if it decides to pursue a buy-and-build strategy, said Barnes, who equally owns the company with New Zealand-based founding partner Steve Byrne.
The three-year-old company has turned down offers from an overseas private equity firm looking to take a majority stake as well as from a large corporate, Barnes said, without elaborating.
The company is proving attractive to buyers because the cyber security space is “red hot” and there are not many companies globally with a lot of expertise in this area, he explained."
Please read the full Mergermarket article via the link below.
To find out more about Cyber Research please click here.