Future Data has acquired a majority stake in Maximus Group Consulting, a Hong Kong-based cyber security consulting firm, as part of in-market growth plans.
The share purchase and subscription agreement brings the system integrator's equity stake in the business to 64.86 per cent, comprising of 24,000 sale shares and the subscription of 24,000 new shares.
“With the successful acquisition of Maximus, we will be able to leverage on their customer base of 150 corporate customers and government agencies in Hong Kong and Macau to accelerate the Group's strategy in Hong Kong and Macau's cyber security market,” said Giang Phung, vice chairman of Future Data.
“Combining our strength in revenue growth in network infrastructure in Korea and Hong Kong's high margin cyber security business, we have a new business platform to deliver better returns to our shareholders and it position Future Data as a leading service provider within the cyber security market in Hong Kong, effectively enhance the Group's future profitability."
Maximus offers customers a number of different services including the ability to design and deliver a corporate-wide information security management system, as well as penetration testing, internal vulnerability scanning, smartphone/devices penetration, denial of services (DoS) attacks, and so on, through its ethical hacking team.
The firm also offers a one-stop solution through its InfoSEC management consultancy, technical assessment to compliance automation services.
While the acquisition was finalised this week, the firm revealed it had entered into a share purchase and subscription agreement with Maximus in early April.
However, Future Data has been working with MXC, the wholly-owned subsidiary of Maximus, for the past two years as its partner in the cyber security market, providing sales and marketing services while it has been delivering technology services and managing projects.