Acquisition of cyber security comparison website

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: [phone]
Vigo Communications Jeremy Garcia / Fiona Henson / Natalie Jones www.vigocomms.com	Tel: [phone]
Cenkos Securities plc (Nomad and Joint Broker) Ivonne Cantu / Camilla Hume www.cenkos.com	Tel: [phone]
Berenberg (Joint Broker) Chris Bowman / Mark Whitmore / Amritha Murali www.berenberg.com	Tel: [phone]

* http://cybersecurityventures.com/cybersecurity-market-report/

 

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