Cyber security service provider NCC Group has completed its acquisition of Iron Mountain’s Intellectual Property Management (IPM) business in a £156m deal.
The two businesses will jointly offer a complementary set of resilience services to customers, including a full suite of software verification services and Escrow-as-a-Service (EaaS).
Adam Palser, CEO at NCC Group (pictured), said, “Bringing our two businesses together provides a robust platform for growth. IPM shares many similarities with our own business, including a commitment to providing exemplary service for customers. There are tremendous opportunities to grow the combined business by offering IPM’s blue-chip customers further resilience through our extensive cyber security portfolio.”
In addition to organic growth across the recurring revenue base of IPM, NCC Group said the acquisition represents an opportunity to create revenue synergies across an enlarged, blue chip customer base.
Simon Fieldhouse, global managing director, NCC Group Software Resilience added, “The priority is to ensure our new customers continue to benefit from the high standards of excellence they are accustomed to. We’ll ensure all customers continue to be supported by the same team by focusing on a smooth transition from IPM to NCC Group’s Software Resilience business.”