Houlihan Lokey Advises NEVERHACK
NEVERHACK, a leading French cybersecurity group, announces the strategic integration of Innovery, an Italian services firm specialized in innovative cybersecurity and ICT solutions. This acquisition strengthens NEVERHACK’s leading position in the cybersecurity market by expanding its presence in Southern Europe and the Americas as well as enhancing its comprehensive one-stop-shop offering.
This deal represents a major milestone in the cybersecurity services sector in Europe, paving the way for cross-border consolidation. NEVERHACK and Innovery’s management will join forces to pursue their growth strategy and create a true cyber leader addressing global client needs, standing out from local competitors predominantly addressing domestic markets.
“This acquisition brings together two key players in cybersecurity. By combining our strengths, including the cybersecurity expertise and unique skillsets within our teams, we will jointly be able to deliver more innovative solutions to the market and establish a globally leading cybersecurity player. I am delighted that Gianvittorio Abate and Innovery are joining this adventure, bringing expertise and leadership to accelerate our growth and support NEVERHACK in delivering its next stage of growth,” commented Arthur Bataille, CEO of NEVERHACK Group.
“The acquisition by NEVERHACK represents the beginning of a new era for Innovery, unlocking a new stage of growth while allowing us to retain our core values. This deal will enable the firm to grow in terms of personnel and revenue, seize new business development opportunities both in new and existing geographies, and develop its portfolio of IT products and security services to meet all types of customer needs,” commented Gianvittorio Abate, CEO of Innovery.
With this merger, NEVERHACK Group is now composed of 1,200 employees across 10 countries, which strengthens its capacity to support large international clients and consolidates its position in Southern Europe and the Americas.
This deal marks a crucial step in NEVERHACK Group’s expansion strategy, based on:
• Position as a leading player in cybersecurity on an international scale
• One-stop-shop offering for clients, with cutting-edge expertise in cyber services and solutions
• Investment in innovative products, especially around artificial intelligence for security operation centers
• Human-centered approach, promoting talent development in a rapidly evolving market
Houlihan Lokey served as the exclusive buyside advisor to NEVERHACK.
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