OTTAWA, June 04, 2018 (GLOBE NEWSWIRE) -- Calian Group Ltd. (TSX:CGY) is pleased to announce that effective June 1 it has acquired Secure Technologies International (“Secure Technologies”), a Canadian IT and cyber security firm that will strategically expand and strengthen Calian’s cyber security solutions.
Based in Ottawa, Ontario, Secure Technologies is an award-winning provider of world-class cyber security solutions such as those from McAfee, Forcepoint, Fortinet and Gemalto. The company was one of the first in Canada to offer an integrated approach to securing computer and communications networks.
“This acquisition strengthens Calian’s position as an expanding cyber security solutions provider serving a high-growth market,” stated Sandra Cote, Vice President, Calian IT Professional Services (Calian ITPS). “For the public and private sectors, the big story is resilience. We all know that governments, communities and companies are focused on resilience when it comes to emergencies but, too often, we see that cyber resilience is missing as part of those plans and procedures.”
Calian’s Cyber Resilience Office offers organizations cyber security solutions as part of broader resilience planning. Calian’s robust cyber solutions include technical support, integration, training and products.
“We were impressed by Calian’s brand, expertise and national market presence,” said David Tucker, CEO, Secure Technologies. “I’m excited to realize the tremendous potential of combining Calian’s IT and cyber talent with Secure Technologies’ recognized skills and experience.”
Added Ned D’Antonio, Director of Canadian Channels, McAfee: “We were very pleased to hear that our longstanding partner, Secure Technologies International, is joining forces with Calian. Calian's extensive experience in professional services, supported by Secure Technologies’ deep knowledge of McAfee, will improve adoption and help keep networks safe from malware and emerging online threats.”
"With annual revenues of approximately $6 million to $8 million, we expect this acquisition to be EBITDA accretive from day one," stated Jacqueline Gauthier, Chief Financial Officer, Calian. “Secure Technologies’ results will be consolidated and reported as part of Calian’s Business and Technology Services (BTS) Division.”
“This is an exciting acquisition which aligns with the pillars of service line evolution and customer diversification within our Four Pillar Growth Strategy,” said Kevin Ford, President and CEO of Calian. “Secure Technologies’ expert cyber team and strong foothold in the market will help to accelerate our cyber sales growth and support synergies across our cyber, training and emergency management services.”
About Calian ITPS
Calian ITPS has the experience and knowledge to support complex IT initiatives and manage discrete IT functions in support of business and technology needs, regardless of platform or applications. Calian ITPS offers SAP consulting, IT development support services, cloud consulting and on-demand IT services. Calian’s Cyber Resilience Office provides organizations with the right people, technology and solutions to build actionable plans that keep their environments safe and secure.
About Calian
Calian employs more than 2,900 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities are diverse with services delivered through two divisions. The Business and Technology Services (BTS) Division is headquartered in Ottawa and includes the provision of business and technology services to industry, public and government in the health, training, engineering and IT services domains. Calian’s Systems Engineering Division (SED), located in Saskatoon plans, designs and implements complex communication systems for many of the world’s space agencies and leading satellite manufacturers and operators. SED also provides contract manufacturing services for both private sector and military customers in North America.
For investor information, please visit our website at www.calian.com or contact us at ir@calian.com
| Kevin Ford | Jacqueline Gauthier | Media inquiries: | ||||||||||
| President and Chief Executive Officer | Chief Financial Officer | Simon Doyle | ||||||||||
| 613-599-8600 | 613-599-8600 | 613-599-8600 x 205 | ||||||||||
DISCLAIMER
Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.
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Tel: 613.599.8600 · Fax: 613.599.8650 · General Info email: info@calian.com