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NCC seals £156m move to bolster position in US

Graeme Evans @EvansOnTheMoney

CYBER-CRIME fighter NCC bolstered its position in the US today with a deal worth £156 million for a leading provider of software resilience services.

The planned acquisition of Iron Mountain’s Intellectual Property Management business adds over 6,000 customers across a range of markets.

The FTSE 250 company is raising £70 million through a City fundraising to part-fund the “strategically and financially compelling” acquisition. Peel Hunt and Jefferies are joint bookrunners on the share placing.

CEO Adam Palser said the deal would make NCC the market leader in software resilience services.

He added: “NCC will be a stronger and broader business with an even greater ability to support clients in the ceaseless struggle against cyber-crime in all its forms.”

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2021-05-13T07:00:00.0000000Z

2021-05-13T07:00:00.0000000Z

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