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  6. CynergisTek Acquires Backbone Consultants

M&A Deal Summary

CynergisTek Acquires Backbone Consultants

On November 1, 2019, CynergisTek acquired information technology company Backbone Consultants

Acquisition Highlights
  • This is CynergisTek’s 3rd transaction in the Information Technology sector.
  • This is CynergisTek’s 4th transaction in the United States.
  • This is CynergisTek’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2019-11-01
Target Backbone Consultants
Sector Information Technology
Buyer(s) CynergisTek
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

CynergisTek

Austin, California, United States
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 4 of 4
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 CynergisTek

Austin, Texas, United States

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.

Buy $27M
Mergr

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