NTT Com to buy IT security firm for $105m

Natalie Apostolou
01 Jul 2009
00:00

NTT Communications Corporation has made a €75 million ($105 million) bid to acquire IT security services firm Integralis.

NTT Com had made an offer for all outstanding shares of German headquartered Integralis, at €6.75 in cash per share - a 70% premium over the three-month average closing share price on the Frankfurt Stock Exchange (Xetra).

It says it has the support of management and key shareholders representing 30% of the voting rights.

"As a result of the offer, Integralis will enhance NTT Com\'s global services offering through a market-leading security services platform, thus addressing a key demand of NTT Com\'s corporate customers," NTT Com said in a statement.

If the offer is successful, Integralis will become a subsidiary of NTT Com with the existing management Integralis continuing to run the business.

NTT Com senior executive VP Akira Arima, said "the unique expertise in the area of enterprise security services will be extremely valuable for many of our customers. We intend to support Integralis and its workforce on its growth path."

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