CyberAI Group Executes Acquisition Agreement for American Cybersecurity Firm
Deal News | Dec 03, 2024 | Globenewswire
Cyber A.I. Group, Inc. has announced the execution of a comprehensive Letter of Intent to acquire a significant American cybersecurity firm. This move is a pivotal part of the company's global expansion and mergers and acquisitions (M&A) strategy as they aim to reach $100 million in annualized revenue through a combination of acquisitions and organic growth. The acquisition, which is expected to close in the coming months upon regulatory approval, seeks to leverage the established client base and expertise of the American firm to strengthen Cyber A.I.'s international presence in cybersecurity. ThinkEquity LLC, an investment bank, will potentially fund the acquisition. This acquisition marks a strategic step in Cyber A.I.'s proactive Buy & Build strategy, focusing on acquiring globally situated IT service companies to expand its market reach and capabilities in cybersecurity and artificial intelligence.
Sectors
- Cybersecurity
- Artificial Intelligence
- Investment Banking
Geography
- United States – The target of the acquisition is an established American cybersecurity firm, making the U.S. a key geographical focus of the article.
- France – The announcement was made in Paris, indicating a geographical touchpoint in France for the company's operations or announcements.
- International – Cyber A.I. Group operates on a global scale with a focus on international acquisitions to enhance its cybersecurity presence globally.
Industry
- Cybersecurity – Cyber A.I. Group's acquisition focuses on expanding its services in the global cybersecurity market by acquiring an established American cybersecurity firm.
- Artificial Intelligence – Cyber A.I. Group is investing in AI-powered technologies to enhance its cybersecurity service offerings, indicating its focus on artificial intelligence as a core facet of its business strategy.
- Investment Banking – ThinkEquity LLC, an investment bank, is involved in providing financing for the acquisition, showing the role of investment banking in the transaction.
Financials
- $30 million – Annual revenue generated by the target American cybersecurity firm.
- $100 million – Cyber A.I.'s target for annualized revenue achieved through acquisitions and organic growth over the next 12 to 18 months.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cyber A.I. Group, Inc. | Bidding Company | Company | A company focused on global acquisitions in cybersecurity and AI to expand its market presence. |
| Established American Cybersecurity Firm | Target Company | Company | A potentially acquired firm with over $30 million in annual revenue, aimed to enhance Cyber A.I.'s capabilities. |
| A.J. Cervantes, Jr. | Chairman of Cyber A.I. Group | Person | Chairman of Cyber A.I. Group involved in announcing the acquisition strategy. |
| ThinkEquity LLC | Potential Financing Provider | Company | An investment bank possibly providing principal financing for Cyber A.I.'s acquisition. |