SysGroup has acquired the assets of Crossword Consulting Limited, a division of AIM-listed Crossword Cybersecurity. The acquisition adds high recurring revenues, quality staff and specialist services in the high-growth cybersecurity and compliance-as-a-service sectors. The Crossword Consulting also strengthens SysGroup’s AI offering by supporting key infrastructure, data and processes. As a distressed sale, SysGroup is paying only 0.18x sales for the twelve months ended September 2024. We believ ....

19 Nov 2024
SysGroup (SYS LN) - Crossword Consulting: A piece of the puzzle

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SysGroup (SYS LN) - Crossword Consulting: A piece of the puzzle
SysGroup plc (SYS:LON) | 20.5 -0.1 (-2.4%) | Mkt Cap: 17.1m
- Published:
19 Nov 2024 -
Author:
Bob Liao, CFA | Carl Smith, CFA -
Pages:
7 -
SysGroup has acquired the assets of Crossword Consulting Limited, a division of AIM-listed Crossword Cybersecurity. The acquisition adds high recurring revenues, quality staff and specialist services in the high-growth cybersecurity and compliance-as-a-service sectors. The Crossword Consulting also strengthens SysGroup’s AI offering by supporting key infrastructure, data and processes. As a distressed sale, SysGroup is paying only 0.18x sales for the twelve months ended September 2024. We believ ....