NCC Group plc Acquisition of US mobile security testing specialist for £7.1m

Posted: 20th August 2012 08:46

NCC Group plc (LSE: NCC, "NCC Group" or "the Group"), the international, independent provider of Escrow and Assurance Services, has acquired US-based Intrepidus Group, Inc. ("Intrepidus"), an independent security research and testing services provider primarily focused in the mobile telecommunications sector, for a maximum consideration of £7.1m ($11.0m) in cash.
Rob Cotton, NCC Group Chief Executive, said:
"Intrepidus is a highly respected business with an extremely strong presence in the rapidly growing mobile telecommunications sector. 
"This acquisition is an important strategic development for us as it considerably widens our range of offerings, as well as industry IP, and brings a number of new blue chip technology customers.
"Intrepidus will further increase our profile and capabilities in the significant New York market where we now have the largest testing team.  It already has an excellent record of growth and we are confident that it will continue to thrive with the additional resources of the wider Group"

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