iDelta Acquired by Sword Group to Boost Cybersecurity and AI Divisions
Deal News | Apr 07, 2025 | Globenewswire
Sword Group, a prominent IT and digital transformation firm, has strategically acquired iDelta, a cybersecurity and data analysis company based in Edinburgh. iDelta is recognized for its bespoke solutions in data and artificial intelligence, cybersecurity, and monitoring of technological infrastructure. This acquisition is expected to significantly enhance Sword Group’s capabilities in cybersecurity and artificial intelligence, particularly within financial services. iDelta specializes in developing tools for managing Open Banking data APIs and offers complementary modules on the Splunk marketplace. The acquisition aligns with Sword Group's broader cybersecurity strategy and aims to drive growth across its sectors, reflecting a trend revenue of €0.75 million annually with an EBITDA margin of 30%. Sword Group employs over 3,200 IT and digital experts across 50+ countries, aiding organizations in technological and digital transformations. The integration of iDelta is expected to commence on April 1, 2025, with various financial events scheduled for the remainder of 2025.
Sectors
- Information Technology
- Financial Services
Geography
- Scotland – iDelta is based in Edinburgh, Scotland, where the acquisition activity is centered.
- Global – Sword Group operates in over 50 countries, indicating a global presence influencing this acquisition.
Industry
- Information Technology – The acquisition involves a company specializing in data analysis, cybersecurity, and AI, which are integral parts of the IT industry.
- Financial Services – Both companies have a focus on services that complement the financial sector, particularly in Open Banking and cybersecurity.
Financials
- 0.75 million EUR – Annual revenue trend of iDelta with a 30% EBITDA margin.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sword Group | Bidding Company | Company | An IT and digital transformation firm with a significant global presence. |
| iDelta | Target company | Company | An Edinburgh-based expert in cybersecurity, data analysis, and Open Banking solutions. |