iDelta: Sword Group Acquires Edinburgh Cybersecurity Specialist
Deal News | Apr 07, 2025 | Globenewswire
Sword Group has announced a strategic acquisition of Edinburgh-based iDelta, a micro-company specialising in bespoke data and AI solutions, cybersecurity monitoring, and automation. The acquisition will bolster Sword's cybersecurity strategy, focusing particularly on the Financial Services sector. iDelta's tools, available in the Splunk marketplace, aid in managing Open Banking data APIs, ensuring efficient data access and usage. iDelta generates a revenue of €0.75M annually with an EBITDA margin of 30%, and will be consolidated in Sword's accounts from April 2025. Sword Group boasts over 3,200 IT specialists across 50 countries, cementing its role as a leader in digital transformation.
Sectors
- Cybersecurity
- Artificial Intelligence
- Financial Services
Geography
- Scotland – iDelta is based in Edinburgh, Scotland, making this geography relevant to the acquisition.
- International – Sword Group has a global presence with IT specialists active in over 50 countries, indicating a broad geographical relevance.
Industry
- Cybersecurity – The acquisition involves iDelta, a company specialising in cybersecurity monitoring and automation.
- Artificial Intelligence – iDelta provides bespoke data and AI solutions that will enhance Sword Group's technological capabilities.
- Financial Services – The acquisition's focus on enhancing services, particularly in Financial Services, indicates relevance to this industry.
Financials
- 0.75M – iDelta's annual revenue.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sword Group | Bidding Company | Company | A leader in technological and digital transformation, with a strong global presence. |
| iDelta | Target Company | Company | A micro-company based in Edinburgh, known for its expertise in cybersecurity and AI solutions. |