Acquisition of BT's DDI Software Division, Diamond IP, by Cygna Labs

BDO.LiveSite.Deals.IndustryTechnology & Media
BDO.LiveSite.Deals.SubIndustryTechnology & Telecommunications

BDO Tech M&A has advised the shareholders of Cygna Labs on the acquisition of Diamond IP from BT.

Cygna Labs, a highly specialised software manufacturer with a focus on providing enterprises worldwide with the latest innovations in cloud security and compliance technology has acquired Diamond IP, from BT. Diamond IP is one of the three main providers of DDI solutions and a critical provider of connectivity, cloud, and security services. 

Cygna Labs will not only gain the advantage of becoming a standalone DDI vendor but also the ability to drive DDI Innovation. 

BDO Tech M&A provided buy-side support throughout all stages of the process with a focus on valuation, project management, modelling and deal structure.

“We engaged with the BDO Tech team early in the Diamond IP process given their strong knowledge of the telecoms and software markets and reputation within the sector. BDO supported us with a strong blend of technical expertise and tech sector insight throughout the ambitious auction process and made an essential contribution in the success of this challenging cross-border transaction”

Eduard Reder, Director, Invision