Cash shell CYBA has acquired its first cyber security business Narf Industries, which is classed as a reverse takeover. The enlarged group will be able to roll out the company’s products.
The cyber security market is worth $173bn and estimated to be growing at 10% a year. the addressable part of the market is worth $26.4bn.
The money left after the cash part of the acquisition payment will be used for sales and marketing, IP and set aside for to help to fund potential acquisitions. CYBA floated last March, and the admission price was 1.5p a share. The placing price of 2p was abov...
