M&A Deal Summary

CynergisTek Acquires CynergisTek

On January 17, 2017, CynergisTek acquired information technology company CynergisTek for 27M USD

Acquisition Highlights
  • This is CynergisTek’s 2nd transaction in the Information Technology sector.
  • This is CynergisTek’s largest (disclosed) transaction.
  • This is CynergisTek’s 3rd transaction in the United States.
  • This is CynergisTek’s 1st transaction in Texas.

M&A Deal Summary
Date 2017-01-17
Target CynergisTek
Sector Information Technology
Buyer(s) CynergisTek
Deal Type Add-on Acquisition
Deal Value 27M USD

Target

CynergisTek

Austin, Texas, United States
website
CynergisTek, Inc. is a cybersecurity and privacy consulting firm focused on healthcare. CynergisTek offers an array of solutions that help organizations measure privacy and security programs against regulatory requirements and assists in developing a best practice approach to risk management.

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Buyer(S) 1

Buyer

CynergisTek

Austin, California, United States

website

Category Company
Founded 2004
Sector Information Technology
Employees107
Revenue 19M USD (2020)
DESCRIPTION

CynergisTek is a cybersecurity and information management consulting firm dedicated to serving the healthcare industry. CynergisTek offers specialized services and solutions to help organizations achieve privacy, security, compliance, and document output goals. CynergisTek was founded in 2004 and is based in Austin, Texas.

DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 3 of 4
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Redspin

Carpinteria, California, United States

Redspin, Inc. is a provider of HIPAA security risk assessments and penetration testing services, is a trusted advisor to the healthcare industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 Backbone Consultants

Minneapolis, Minnesota, United States

Backbone Consultants has progressively built its reputation on delivering premium quality Information Technology (IT) Risk Advisory Services while supplying best-in-class customer service to business partners. Backbone has developed strong expertise in the areas of cybersecurity, IT audit, and data privacy. Backbone has been successful in building a strong client base with multiple Fortune 1,000 companies.

Buy -
Mergr

Product

Company

Legal