Ependion Completes Announced Acquisition of Minority Stake in UK-Based Razorsecure
Summary
Ependion’s Westerbo business unit has completed its previously announced purchase of a minority stake in Razorsecure. Razorsecure builds cybersecurity software for the rail industry, so this deal sits squarely in the software and security space. The transaction is worth u2.7 million and also includes a strategic technology and business development partnership. Ependion now has an option to acquire the rest of the company after fiscal 2027. Razorsecure currently has about 25 employees and generates around u2 million in annual revenue.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Rail Cyber Security Software
Firewall Software
Intrusion Detection Systems
Linked Companies
RazorSecure Limited
$1M to $5M