Tuesday March 10th, 2020
IMAP Albia Capital advises ITS in the incorporation of IBERMÁTICA as a Strategic Partner
IBERMÁTICA acquires 100% of ITS SECURITY´s share capital, and both companies add strengths with the aim of reaching a turnover of 25 million Euros in cyber security services in 2024.
As explained by Juan Ignacio Sanz, Ibermática CEO, “with this acquisition we aim to become a reference benchmark IT provider likewise in the field of cyber security, an area which we consolidate by providing clients with additional and complementary value, as well as new expertise”. Sanz points out that the idea is “to bolster the cyber security areas of major corporations, but also focusing on the midmarket industry.”
Furthermore, Alvaro Fraile, ITS Security Managing Director states, “the incorporation into a group of the strength and scale of Ibermática in the Spanish market is a great opportunity for growth and recognition in the market.”
About ITS SECURITY
Founded in 2007, ITS SECURITY (www.its-security.es), until now a member of the Egile industrial group, is a company specialising in cyber security services (IT and OT) with a prominent position in the market thanks to its “expertise” and own developed solutions.
The company provides coverage throughout the national territory with physical offices in Madrid, Gipuzkoa, Biscay and Navarre, and has many clients in sectors such as PPAA, Health, Energy and Utilities, Transport, Industry 4.0, Smart cities and ICT.
IBERMÁTICA, established in 1973 in the Basque Country (www.ibermatica.com), is a Spanish company specialising in the provision of services in the information technology field, both in Spain and internationally, with a presence in over 10 countries in Europe and America.
Its activities are focused on the fields of consultancy, infrastructure services, information systems integration, outsourcing and implementation of integrated business management solutions. It is likewise present in the main activity sectors (Finance, Insurance, Industry, Services, Telecommunications & Media, Health, Utilities and PPAA), where it offers industry-specific solutions.
About IMAP ALBIA CAPITAL
IMAP Albia Capital is a company specialising in mergers and acquisitions, an exclusive member in Spain of the IMAP organisation, with a presence in 43 countries. IMAP Albia Capital closed 10 deals in 2019, consolidating its presence among the top 10 independent consultants in the Spanish market. On a global level, IMAP closed 234 deals in 2019, and likewise occupies a consolidated position among the top 10 M&A advisors worldwide, being the first from among the independent consultants.