REG - Crossword Cybersec - Update on Acquisition Strategy

Crossword CybersecurityAnnouncement

29/06/2022 07:00

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RNS Number : 5546Q  Crossword Cybersecurity PLC  29 June 2022

Crossword Cybersecurity Plc

Update on Acquisition Strategy

29 June 2022 - London, UK - Crossword Cybersecurity Plc
(http://www.crosswordcybersecurity.com/) (AIM:CCS, "Crossword", the "Company"
or the "Group"), the cybersecurity solutions company focused on cyber strategy
and risk, is pleased to update the market on progress on its acquisition
strategy.

Crossword's strategy is to continue building on its organic revenue growth and
to acquire outstanding cyber security companies that complement and diversify
its revenue base. Following the successful integration of three acquisitions
since May 2021, Crossword is seeking to acquire a number of companies that
will help drive Crossword's growth ambitions. Following a market mapping
exercise, early-stage discussions are being held with a number of candidates
that are leading to positive conversations currently taking place.

There is no guarantee that any acquisition will proceed but conversations are
progressing with target companies.

Tom Ilube, CEO of Crossword Cybersecurity Plc, commented: "Crossword is an
ambitious company that is keen to scale quickly. Our acquisition strategy is
based on providing win-win outcomes for both Crossword and the acquired
companies, resulting in improved cross-selling, client customer experience and
increased operational efficiency as a company. We recognise that we can
leverage Crossword's reputation in the market as an excellent home for the
best in cyber security technology and expert teams and in doing so rapidly
scale-up the business by making one or more strategically important
acquisitions.  We are conducting a number of conversations in parallel and
will keep shareholders updated on relevant developments."

 

 

Contacts

 

Crossword Cybersecurity plc - Tel: +44 (0) 333 090 2587

Email: info@crosswordcybersecurity.com

Tom Ilube, Chief Executive Officer

Mary Dowd, Chief Financial Officer

 

Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383 5100

Colin Aaronson / Jamie Barklem / Daphne Zhang / Ciara Donnelly

 

Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341

Claire Louise Noyce

 

For media enquiries contact:

Financial PR:

David Hothersall, Kinlan Communications

davidh@kinlan.net - Tel: +44 (0) 207 638 3435

General:

Duncan Gurney, GingerPR

duncan@gingerpr.co.uk - Tel: +44 (0)1932 485 300

 

About Crossword Cybersecurity plc

Crossword offers a range of cyber security solutions to help companies
understand and reduce cyber security risk. We do this through a combination of
people and technology, in the form of SaaS and software products, consulting,
and managed services. Crossword's areas of emphasis are cyber security
strategy and risk, supply chain cyber, threat detection and response, and
digital identity and the aim is to build up a portfolio of cyber security
products and services with recurring revenue models in these four areas. We
work closely with UK universities and our products and services are often
powered by academic research-driven insights. In the area of cybersecurity
strategy and risk our consulting services include cyber maturity assessments,
industry certifications, and virtual chief information security officer
(vCISO) managed services.

 

Crossword's end-to-end supply chain cyber standard operating model (SCC SOM)
is supported by our best-selling SaaS platform, Rizikon Assurance, along with
cost-effective cyber audits, security testing services and complete managed
services for supply chain cyber risk management. Threat detection and response
services include our Nightingale AI-based network monitoring, Nixer to protect
against application layer DDoS attacks, our Trillion and Arc breached
credentials tracking platforms, and incident response. Crossword's work in
digital identity is based on the World Wide Web Consortium W3C verifiable
credentials standard and our current solution, Identiproof, enables secure
digital verification of individuals to prevent fraud.

 

Crossword serves medium and large clients including FTSE 100, FTSE 250 and
S&P listed companies in various sectors, such as defence, insurance,
investment and retail banks, private equity, education, technology and
manufacturing and has offices in the UK, Poland and Oman. Crossword is traded
on the AIM market of the London Stock Exchange.

 

Visit Crossword at https://www.crosswordcybersecurity.com/
(https://www.crosswordcybersecurity.com/)

 

 

 

 

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