Acquisition of NotSoSecure

Deal typePrivate Equity & Transaction Services
IndustryTechnology & Media
Client nameClaranet

BDO provided financial and tax due diligence services in connection with Claranet's acquisition of ethical hacking training and penetration testing experts NotSoSecure.

NotSoSecure specialises in penetration testing for networks, web and mobile applications and is one of the largest suppliers of ethical hacking training to the globally-acclaimed Black Hat conferences, bringing a highly respected level of expertise to the cybersecurity industry. The company, established in Cambridge, UK, now has teams in San Francisco and India, and supports clients worldwide.

"We have worked with Derek and his team on a number of transactions and have found them to be astute in their assessment of businesses. Their findings are very useful when assessing the strength and weaknesses of an acquisition target and hence how we should approach a deal."

Michel Robert, Claranet Limited