Browne Jacobson advise on strategic sale of cybersecurity firm Nowcomm
Browne Jacobson’s corporate dealmakers have advised the majority shareholders on the sale of Nowcomm which specialises in cybersecurity to Palatine backed company FourNet for an undisclosed consideration.
The transaction will support FourNet to enhance its cybersecurity offering and broaden out its capabilities and client base.
Nowcomm which is based in Derby, was set up in 2005 and is one of only two firms in the UK which is an accredited Cisco Gold Master Security and Master Collaboration Partner. The business supports organisations to drive digital innovation in operations and customer experience through secure cloud, infrastructure, cybersecurity, communication and collaboration. Nowcomm works with various critical and secure public and private sector organisations in the UK, such as The Department for Business & Trade, Nottingham City Council, Sony Music, University of Derby and Greater Birmingham Chambers of Commerce amongst others.
FourNet which was established in 2005, is an award-winning provider of cloud and managed services. The business supports its diverse client base with its digital disruption ambitions and improving its customer experience. FourNet has worked with Savills, Lancashire Constabulary, The Cabinet Office and The Bank of England.
Browne Jacobson’s Nottingham based corporate lawyer Sam Sharp led on the deal, alongside London based associate Shania Sood.
“It was fantastic to have been involved in this strategic acquisition. There is a lot of synergy between Nowcomm and FourNet, in terms of innovative offering, ambition and the collaborative approach they take so it makes sense that Nowcomm has become part of the FourNet portfolio. We look forward to seeing fast growing FourNet continue to strengthen its position as partner of choice to a wider client base and to Nowcomm thriving as part of the FourNet family.”
Browne Jacobson’s national corporate finance practice is ranked by Experian as one of the country’s leading corporate finance teams. It operates from our offices in Birmingham, London, Manchester, and Nottingham and is made up of over 50 expert corporate, private equity, venture capital (VC) and banking & finance lawyers delivering multi-layered transactions across a diverse range of sectors. The team works collaboratively with a rich, diverse, and longstanding portfolio of domestic and international clients including, fast growing start-ups, FTSE 100 companies, private equity investors and the UKs leading banking institutions.
Contact
Related expertise
You may be interested in...
Legal Update
A new digital era: Coimisiún na Meán publishes Online Safety Code
Legal Update
e-Evidence Package: Increased obligations on service providers to cooperate with data requests from law enforcement authorities
Press Release
Browne Jacobson advises retail giant The Range on its acquisition of Homebase
Legal Update
Building an inclusive workplace: strategies for attracting and retaining disabled talent
Press Release
Browne Jacobson advises leading technology-driven compliance specialist on its continued market consolidation with two further acquisitions
Press Release
Browne Jacobson advises The Jordon Group on transformative merger
Press Release
Browne Jacobson advises Clean Power Hydrogen on global IP licence agreement
Legal Update
Reform of Gambling Regulation in Ireland
Legal Update
Ascensus newsletter: November 2024
Press Release
Browne Jacobson advises UK’s leading fire protection specialist on key acquisition
Press Release
Browne Jacobson advises IT solutions specialist on sale to Goldman Sachs-backed international digital transformation provider
Press Release
Browne Jacobson advises investor on the buyout of a national law firm
Legal Update
The EU Cyber Resilience Act (CRA)
Legal Update
Breaking the glass ceiling: Empowering female leadership in the food and drink sector
Press Release
Browne Jacobson advises the world’s largest baby and toddler swim school on international acquisition
Press Release
Browne Jacobson advises coffee roaster 200 Degrees on acquisition by the Caffè Nero Group
Press Release - Firm news
Browne Jacobson’s private sector lawyers' reaction to the Autumn Budget 2024
Press Release
Browne Jacobson continues expansion in Ireland adding real estate and construction practices
Press Release
Browne Jacobson advises fire suppression manufacturer DAS Fire on its acquisition by Alpine Fire
Press Release
Browne Jacobson advises UK climbing operator on sale to Belgian investment firm
Legal Update
Organisational approaches to ESG matters
Legal Update
Navigating the waters of compliance: Understanding the Trade, Aircraft, and Shipping Sanctions (Civil Enforcement) Regulations 2024
Legal Update
Is Companies House turning the tide against facilitators of fraud?
Press Release
Comments on the publication of Universities UK’s (UUK) report
Press Release
Browne Jacobson advises global digital transformation services provider on PE investment and acquisition of US and Hungary-based commerce consultancy
Legal Update
The future of food waste management in the UK: A guide for businesses
Legal Update
Navigating new advertising restrictions on junk food
Legal Update
Barking up the right tree: UK is European first to allow cultured ‘meat’ for pets
Legal Update
Impending reform of defamation law in Ireland: The Defamation (Amendment) Bill 2024
Legal Update
Labour's recipe for reform: The future of food and drink regulation in the UK
Press Release
Leading the conversation on DEI in the food & drink industry: celebrating the contribution of women
Legal Update - Procurement Act
The Procurement Act 2023: What’s changing and getting prepared
Press Release
Browne Jacobson to provide legal advice to North West public bodies after contract award
Press Release - #PositivePurpose
Strolll: HealthTech for rehabilitation
Opinion
Choose your words wisely: Balancing inclusivity and employees’ beliefs at work
Opinion
New hope for the manufacturing sector?
Press Release
Browne Jacobson advises obconnect on £10.5m majority investment from PayPoint
Guide
EU Artificial Intelligence (AI) Act: Guide for your business
Press Release
Browne Jacobson advises IT and cybersecurity provider on strategic expansion into Ireland
