Tag: Due Diligence
Giles Dearden, Natural Powerrsquo;s Director of Due Diligence, said: “Wersquo;re delighted to have acted as technical advisors for Octopus in the acquisition of this wind farm portfolio.”Chris Gaydon, a director on Octopusrsquo; Energy Investments team, said: “We were very pleased with the speed and professionalism of... Source: RealWire
International advisory services will be coordinated by Giles Dearden, Director of Due Diligence with local delivery lead by in regional and subject matter experts. Richard Walls, Chief Operating Director said: “By... Source: RealWire
Sarah, a highly-experienced Mergers and Acquisitions professional, joins CentralNic as Group Corporate Development Director.Sarah was formerly Director of International M&A for LexisNexis and Thomson Financial.
In these roles, she led transaction due diligence and structured complex deal terms globally.
These included deals in the Middle... Source: RealWire
Cognosec AB (publ) (“Cognosec” or “The Company”), (Nasdaq: COGS), a leading supplier of cyber security solutions with operations in Europe, Africa and the Middle East, has signed an exclusive agreement with A-tek Distribution, a UK-based company specialising in the sale and digital distribution via innovative portal technologies of cyber security solutions, products and services.
The acquisition is in line with Cognosec’s strategy to expand business areas to cover the sale and distribution of software technologies over the internet.
This press release includes inside information of Cognosec AB (publ) (“Cognosec” or “The Company”) that has been subject to postponement of disclosure.
The disclosure of inside information was postponed on December 8, 2016 under Article 17 (4) of Regulation (EU) No 596/2014 (Market Abuse Regulation).
Cognosec AB today announces the signing of Heads of Terms of Agreement pursuant to the acquisition of A-tek Distribution, which is expected to close in Q1, 2017 subject to legal, financial and technology due diligence exercises.
A-tek Distribution was founded in 2009, and is a United Kingdom registered company.
The transaction will include the acquisition of 100% of outstanding shares for a consideration of approximately €275,000 comprised of €44,000 cash and €231,000 Cognosec AB new issue shares.
The transaction will be completed by Cognosec AB subsidiary, Credence Security.
There will be no other impact on Cognosec AB’s balance sheet.
A-tek Distribution is a specialist Digital Software Distribution Business, distributing cyber security solutions by portal and established by pioneers of digital software distribution who between them, possess over 85 man years of digital software distribution.
A-tek is positioned as a New Age Distribution Business, enabling global access to the vast SME markets with Pay-as-you-Use and Software-as-a-Service cyber security solutions.
The technology platform provides significant scalability and global advantages through innovative distribution methodologies.
A-tek Distribution recorded revenues of EUR101 510 2 in FY2016 and EBITDA of EUR 48 5602.
The acquisition of A-tek improves Cognosec’s competitive advantage for both vendors and customers alike.
This addition also expands Credence Security’s current product portfolio to incorporate cyber security solutions for secure operation centers, network operation centers, datacenters, mobile platforms, virtualised environments as well as providing critical fraud prevention solutions into the technology, media, telecommunications, financial and public sectors.
Commenting on the acquisition of the business by Cognosec AB, Robert Hall, A-tek Distribution’s Co-founder, says that - “It will allow the Company to fast track the overview above, whilst working together with a globally recognised provider of cyber security excellence to secure additional distribution agreements giving our current and future partners tremendous platforms for future growth, productivity and profitability."
Robert Brown, CEO of Cognosec AB commented – “We are delighted to broaden and deepen our business in line with our strategies through the acquisition of A-tek, a highly respected and experienced team.
Through A-tek, Cognosec will be extending its customer base with the addition of web-based digital distribution portals covering existing and new segments of this growing market.
Cognosec recognises the expansion of distribution of cyber security software through innovative portal solutions providing products and services with a strong emphasis on the SME markets as our strategic focus."
The transaction will complete in GBP so the approximation is for the GBP:EUR exchange rates which were taken at mid-market on 23rd January 2017, 1GBP=1.158EUR.
A-tek Distribution Limited uses GBP as reporting currency.
The approximation is for GBP:EUR exchange rates which were taken at mid-market on 23rd January 2017, 1GBP=1.158EUR.
Mangold Fondkommission AB is the Company’s Certified Adviser.
Telephone: +46 (0)8 5030 1550
FOR FURTHER INFORMATION, PLEASE CONTACT:
IR-contact, Cognosec AB
Aidan Murphy / Matthew Watkins
PR contacts, Finn Partners
Call: +44 (0)20 3217 7060
This information is information that Cognosec AB is obliged to make public, pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out above, on 24th January, 2017, at 15.00 CET.
Cognosec AB (publ) (Nasdaq: COGS) is engaged in the provision of cyber security solutions and conducts its operations through the Swedish parent company and through subsidiaries in South Africa, UK, Kenya, and the United Arab Emirates.
The Group delivers services and technology licences to enhance clients’ protection against unwanted intrusion and to prevent various forms of information theft.
The parent company is domiciled in Stockholm, Sweden.
Cognosec employs 110 people and had revenues of EUR 16.8 million in 2015. Please visit www.cognosec.se for more information.
This goes above and beyond normal due diligence in warding off malware.
It includes a proper appreciation of the work and risks involved in handling malware infections, and acquiring a toolkit of repair and cleanup tools to complement protective measures involved in exercising due diligence.
It should also include at least two forms of insurance – one literal, the other metaphorical – that can help avert or cover an organization against costs and liabilities that malware could otherwise force the organization to incur. Due diligence to defend against malware When it comes to exercising due diligence to fend off or protect against malware, four elements are necessarily involved: Monitoring for threats and vulnerabilities in an IT infrastructure: This involves the consumption and analysis of relevant intelligence about threats and vulnerabilities and acting on warnings, workarounds and other mitigation techniques to reduce related risks.
A VPN is typically a paid service that keeps your web browsing secure and private over public Wi-Fi hotspots.
VPNs can also get past regional restrictions for video- and music-streaming sites and help you evade government censorship restrictions—though that last one is especially tricky. The best way to think of a VPN is as a secure tunnel between your PC and destinations you visit on the internet. Your PC connects to a VPN server, which can be located in the United States or a foreign country like the United Kingdom, France, Sweden, or Thailand. Your web traffic then passes back and forth through that server.
The end result: As far as most websites are concerned, you’re browsing from that server’s geographical location, not your computer’s location. We’ll get to the implications of a VPN’s location in a moment, but first, let’s get back to our secure tunnel example. Once you’re connected to the VPN and are “inside the tunnel,” it becomes very difficult for anyone else to spy on your web-browsing activity.
The only people who will know what you’re up to are you, the VPN provider (usually an HTTPS connection can mitigate this), and the website you’re visiting. A VPN is like a secure tunnel for a web traffic. When you’re on public Wi-Fi at an airport or café, that means hackers will have a harder time stealing your login credentials or redirecting your PC to a phony banking site. Your Internet service provider (ISP), or anyone else trying to spy on you, will also have a near impossible time figuring out which websites you’re visiting. On top of all that, you get the benefits of spoofing your location.
If you’re in Los Angeles, for example, and the VPN server is in the U.K., it will look to most websites that you’re browsing from there, not southern California. This is why many regionally restricted websites and online services such as BBC’s iPlayer or Sling TV can be fooled by a VPN.
I say “most” services because some, most notably Netflix, are fighting against VPN (ab)use to prevent people from getting access to, say, the American version of Netflix when they’re really in Australia. For the most part, however, if you’re visiting Belgium and connect to a U.S.
VPN server, you should get access to most American sites and services just as if you were sitting at a Starbucks in Chicago. What a VPN can’t do While VPNs are an important tool, they are far from foolproof. Let’s say you live in an oppressive country and want to evade censorship in order to access the unrestricted web.
A VPN would have limited use.
If you’re trying to evade government restrictions and access sites like Facebook and Twitter, a VPN might be useful.
Even then, you’d have to be somewhat dependent on the government’s willingness to look the other way. Anything more serious than that, such as mission-critical anonymity, is far more difficult to achieve—even with a VPN. Privacy against passive surveillance? No problem. Protection against an active and hostile government? Probably not. HideMyAss A VPN service provider such as HideMyAss can protect your privacy by ensuring your internet connection is encrypted. The problem with anonymity is there are so many issues to consider—most of which are beyond the scope of this article. Has the government surreptitiously installed malware on your PC in order to monitor your activity, for example? Does the VPN you want to use have any issues with data leakage or weak encryption that could expose your web browsing? How much information does your VPN provider log about your activity, and would that information be accessible to the government? Are you using an anonymous identity online on a PC that you never use in conjunction with your actual identity? Anonymity online is a very difficult goal to achieve.
If, however, you are trying to remain private from prying eyes or evade NSA-style bulk data collection as a matter of principle, a reputable VPN will probably be good enough. Beyond surveillance, a VPN also won’t do much to keep advertisers from tracking you online. Remember that the website you visit is aware of what you do on its site and that applies equally to advertisers serving ads on that site. To prevent online tracking by advertisers and websites you’ll still need browser add-ons like Ghostery, Privacy Badger, and HTTPS Everywhere. How to choose a VPN provider There was a time when using a VPN required users to know about the built-in VPN client for Windows or universal open-source solutions such as OpenVPN. Nowadays, however, nearly every VPN provider has their own one-click client that gets you up and running in seconds.
There are usually mobile apps as well to keep your Android or iOS device secure over public Wi-Fi. Of course that brings up another problem.
Since there are so many services to choose from, how can you tell which ones are worth using, and what are the criteria to judge them by? First, let’s get the big question out of the way.
The bad news for anyone used to free services is that it pays to pay when it comes to a VPN.
There are tons of free options from reputable companies, but these are usually a poor substitute for the paid options.
Free services usually allow a limited amount of bandwidth usage per month or offer a slower service.
Some companies disallow torrents completely, some are totally fine with them, while others won’t stop torrents but officially disallow them. We aren’t here to advise pirates, but anyone looking to use a VPN should understand what is and is not okay to do on their provider’s network. Finally, does the VPN provider offer their own application that you can download and install? Unless you’re a power user who wants to mess with OpenVPN, a customized VPN program is really the way to go.
It’s simple to use and doesn’t require any great technical knowledge or the need to adjust any significant settings. Using a VPN You’ve done your due diligence, checked out your VPN’s logging policies, and found a service with a great price and a customized application. Now, for the easy part: connecting to the VPN. Here’s a look at a few examples of VPN desktop applications. TunnelBear, which is currently my VPN of choice, has a very simple interface—if a little skeuomorphic. With Tunnel Bear, all you need to do is select the country you want to be virtually present in, click the dial to the “on” position, and wait for a connection-confirmation message. SaferVPN works similarly.
From the left-hand side you select the country you’d like to use—the more common choices such as the U.S., Germany, and the U.K. are at the top. Once that’s done, hit the big Connect button and wait once again for the confirmation message. SaferVPN With SaferVPN, all you need to do is choose the country you wish to have a virtual presence in. HMA Pro is a VPN I’ll be reviewing in the next few days.
This interface is slightly more complicated, but it’s far from difficult to understand.
If you want to select your desired virtual location click the Location mode tab, click on the location name, and then choose your preferred location from the list. Once that’s done click the slider button that says Disconnected. Once it flips to Connected,you’re ready to roll. There are numerous VPN services out there, and they all have different interfaces; but they are all similar enough that if you can successfully use one, you’ll be able to use the others. That’s all there is to using a VPN.
The hard part is figuring out which service to use. Once that’s done, connecting to a VPN for added privacy or to stream your favorite TV shows while abroad is just a click away. This story, "How—and why—you should use a VPN any time you hop on the internet" was originally published by TechHive.