INDUSTRY WATCH: EDUCATION
INTELLIGENT BRANDS // SOFTWARE FOR BUSINESS
Cognosec enters exclusive agreement
to acquire Intact Software Distribution
providing critical fraud prevention
solutions into the technology, media,
telecommunications, financial and
public sectors.
C
ognosec AB, a leading supplier
of cybersecurity solutions with
operations in Europe, Africa and
the Middle East, has signed an exclusive
agreement with Intact Software
Distribution, a South Africa-based
company specialising in the sale and
digital distribution via innovative portal
technologies of cybersecurity solutions,
products and services. The acquisition,
expected to close in Q3, 2017, is in line
with Cognosec’s strategy to expand
business areas to cover the sale and
distribution of software technologies
over the Internet.
Intact Software Distribution is a
South African registered company
with offices in Cape Town and
Johannesburg. The transaction
will include the acquisition of
100% of outstanding shares for
a consideration of approximately
€255,000 comprised of €51,000
cash and €204,000 Cognosec AB
new issue shares. The transaction
will be completed by Cognosec AB
subsidiary, Credence Security.
Intact Software Distribution is a
specialist digital software distribution
business, distributing cybersecurity
solutions by portal and established
by pioneers of digital software
distribution. Cognosec provides a
focused approach to support and
64
INTELLIGENTCIO
Commenting on the acquisition
of the business by Cognosec AB,
Simon Campbell-Young, Intact
Software Distribution’s Co-founder
& CEO, says: “This will provide Intact
Software Distribution the opportunity
to scale on many different levels,
both in terms of addressing
enterprises’ critical requirements for
cyber defences and through adding
established geographical presences
through the Cognosec and Credence
Security networks.”
technical knowledge transfer in
association with the distribution
channel. Where required, Cognosec
can provide assistance with
implementation of the products.
Intact Security is specifically focused
on customer satisfaction, providing
and all-round peace of mind scenario
which results in collaborative
engagements facilitating each
client’s needs and requirements.
Intact Software Distribution
complements the recent acquisition
of A-TEK DISTRIBUTION by Cognosec
and is positioned as a new age
distribution business, enabling global
access to the vast enterprise & SME
markets with Pay as you Use and
Software as a Service cybersecurity
solutions. The technology platform
provides significant scalability and
global advantages through innovative
distribution methodologies.
The acquisition of Intact Software
Distribution improves Cognosec’s
competitive advantage for both
vendors and customers alike. This
addition also expands Credence
Security’s current product portfolio
to incorporate cybersecurity
solutions for secure operation
centres, network operation centres,
data centres, mobile platforms,
virtualised environments as well as
LEVERAGING DIGITAL
SOLUTIONS TO SOLVE
SOCIAL CHALLENGES
Using IBM solutions, Jomo Kenyatta University of
Agriculture and Technology is able to preserve the value of
its data and encourage the development of solutions for
social and economic challenges across Kenya.
Patrick Boylan, Group MD of
Cognosec AB commented: “The
acquisition of Intact Software
Distribution provides Cognosec
AB with further unique selling
propositions and strengthens
our core positioning versus the
competition in this exciting and
dynamic environment. This is a
perfect combination and natural fit
which will create tremendous growth,
synergy along with enhanced streams
of profitability.” ¡
Simon Campbell-Young,
Intact Software Distribution’s
Co-founder & CEO
www.intelligentcio.com
www.intelligentcio.com
INTELLIGENTCIO
65