Acquisition of Adarma by Livingbridge

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Adarma is a leading Managed Security Services Provider business based in Edinburgh. The award winning cyber business provides a broad range of IT security services with deep expertise in threat management including Security Operations Centre (SOC) design, build and operation.

Adarma is a spin out from the IT Services provider ECS Group and provides Livingbridge with a highly scalable asset in a thriving subsector.

The investment by Livingbridge provides an exciting new chapter for Adarma to accelerate growth in the FTSE 250 space and embark on an acquisition strategy. The existing management team has been backed to continue to build on this transformative phase.

M&A Managing Director Robin Brown said, "Cyber Security is a highly specialised and complex environment in which David Calder and his team at Adarma excel. Adarma is adept at servicing blue chip clients with the highest levels of technical capability and can be held up as an example of best practice in the sector. It has been a pleasure working with David, his team and in support of Livingbridge to complete a deal in this highly competitive sector."

"We would like to thank Robin and the M&A team at BDO for their support as Lead Advisor in our investment in Adarma, formerly ECS-Security. The team's industry and sub-sector specialism were invaluable in ensuring we clearly understood the business and managed a complex carve-out in the highly valued Cyber Security sub-sector"

Matt Caffrey, Livingbridge