XLMedia PLC Acquisition of cyber security comparison website (2193J)
27 June 2017 - 4:00PM
UK Regulatory
TIDMXLM
RNS Number : 2193J
XLMedia PLC
27 June 2017
For immediate release 27 June 2017
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
Acquisition of cyber security comparison website
XLMedia (AIM: XLM), a leading provider of performance marketing,
is pleased to announce the acquisition of Securethoughts.com
("Securethoughts"), a leading US cyber security comparison website,
for a total cash consideration of US$2.0 million. The acquisition
is expected to be immedietly earnings enhancing post its completion
in the third quarter of 2017.
Cyber security is an area increasing in prominence and interest
and has been identified by management as a growth vertical for the
Group. Securethoughts represents XLMedia's first significant
publishing asset in this sector and will strengthen the Group's
activities in North America as well as further diversifying
XLMedia's revenue into non-gaming sectors.
Growth in the global cyber security industry is being driven by
indiviuals, businesses and governments seeking to counteract the
increasing threat of cyber crime. Securethoughts provides visitors
to the site with information, advice, guides and support to help
protect their digital communications, actions and discussions.
Cybersecurity Ventures* is predicting growth in the cyber
security market of about 12-15% year-on-year through 2021.
Ory Weihs, Chief Executive Officer of XLMedia, commented:
"We are delighted to announce the acquisition of Securethoughts,
our first and significant publishing asset in the fast growing
cyber security sector. Securethoughts represents another excellent
opportunity for XLMedia to increase its North American presence,
diversify its revenues and establish a foothold in another
vertical.
"This acquisition is a further step in executing our successful
strategy of diversifying our activities and expanding into
additional markets and geographies."
For further information, please contact:
XLMedia plc Ory Weihs www.xlmedia.com Tel: 020 8817 5283
Vigo Communications Jeremy Garcia Tel: 020 7830 9703
/ Fiona Henson / Natalie Jones
www.vigocomms.com
Cenkos Securities plc (Nomad Tel: 020 7397 8900
and Joint Broker) Ivonne Cantu
/ Camilla Hume www.cenkos.com
Berenberg (Joint Broker) Chris Tel: 020 3207 7800
Bowman / Mark Whitmore / Amritha
Murali www.berenberg.com
*
http://cybersecurityventures.com/cybersecurity-market-report/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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