The entrepreneur behind one of Britain's biggest privately-held IT services groups is close to sealing its first cybersecurity acquisition with a recommended offer to buy London-listed ECSC.
The entrepreneur behind one of Britain's biggest privately-held IT services groups is close to sealing its first cybersecurity acquisition with a recommended offer to buy London-listed ECSC.
Sky News understands that Daisy Group, which was founded by Matt Riley, is on the brink of an announcement to acquire the AIM-listed company. ECSC counts blue-chip businesses including Nationwide, the Wimbledon tennis championships and Rio Tinto among its clients. It operates in the fast-growing area of cybersecurity services, although it has a modest market capitalisation of just £2m.
Sources said it would be absorbed within Daisy's Corporate Services division once the acquisition has completed.The takeover of ECSC will mark the latest in a struck of deals struck by Mr Riley, which have included the £210m purchase of rival XLN Telecom last year.
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