Wednesday, April 24 2024

DC Two Limited, a vertically integrated revenue-generating data center, cloud, and software business, has announced that it has signed a binding agreement to acquire the assets and business of Shimazaki Management Group Pty Ltd, trading as Thomas Cyber, an established cyber security expert.

The acquisition is part of DC Two’s vision to expand beyond data centers and infrastructure and to build a unique technology offering in the broader cloud microservices sector. The cloud microservices sector is a fast-growing market that involves developing and deploying applications as a suite of modular services that can be independently scaled and updated.

The cyber security market is also expected to reach 13.95 billion USD by 2028 in Australia, growing at a CAGR of 18.44%, according to a report by Grand View Research.

The acquisition is aligned with DC Two’s strategy to acquire technology and people that can enhance its capabilities and offerings. Thomas Cyber’s management will join DC Two’s newly formed cyber division and further develop its cyber security capabilities driven by cutting-edge microservices.

The acquisition is performance-based, with no upfront cash payment. The consideration will be paid in DC Two shares, subject to certain milestones being achieved over the next three years. The share price will have a floor of $0.025, demonstrating the incoming management’s commitment to DC Two’s organic growth strategy.

DC Two said it would continue to assess value accretive transactions to acquire technology and talented individuals, to drive further organic growth.

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