"Cyber Research turns down buyers to build more value ahead of potential exit - CEO"

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.

 

Additional Documents

crl_mm_article_10apr18