Cybit Divests Security Division to Viatel
Deal News | Jun 23, 2025 | Business Cloud
Newcastle-based Cybit has divested its security division, Cybit Cyber, to Viatel Technology, a Dublin-headquartered digital service provider. Cybit, known for data intelligence and AI-driven solutions, is refocusing its resources on its core mid-market strategy to enhance innovation and deliver tailored solutions to SME segments. This divestment, while a strategic milestone for Cybit, also opens collaboration opportunities to maintain customer value. James Hunnybourne, Cybit's Executive Chair, expressed confidence in Viatel's ability to lead Cybit Cyber, ensuring ongoing growth and expertise in the cybersecurity field. Viatel's CEO, Paul Rellis, emphasized that the acquisition aligns with their mission to offer secure, scalable, and innovative business solutions, thereby strengthening their digital transformation portfolio.
Sectors
- Cybersecurity
- Information Technology Services
Geography
- United Kingdom – Cybit is based in Newcastle, UK, hence the UK is a relevant geography for this transaction.
- Ireland – Viatel is headquartered in Dublin, Ireland, making Ireland a key geography for understanding the acquiring firm's background.
Industry
- Cybersecurity – The article discusses the divestment of Cybit's cybersecurity division, which is being acquired by another firm, Viatel Technology, to enhance its capabilities in this sector.
- Information Technology Services – Both Cybit and Viatel operate in the field of providing technological solutions and IT services, making this industry relevant to the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cybit | Selling Company | Company | Cybit is a Newcastle-based provider of data intelligence and AI-driven technology solutions. |
| Viatel Technology | Bidding Company/Buyer | Company | A digital service provider headquartered in Dublin, acquiring Cybit's security division to expand its cybersecurity capabilities. |
| James Hunnybourne | Executive Chair | Person | Executive Chair of Cybit, oversaw the divestment as part of Cybit's strategy. |
| Paul Rellis | CEO | Person | CEO of Viatel Technology Group, led the acquisition of the Cybit security division. |
| Cybit Cyber | Target Company | Company | The security division of Cybit that is being divested and acquired by Viatel. |