Calian to acquire IT and cybersecurity business Decisive Group
By Canadian Security StaffNews calian
Calian Group Ltd. announced it is entering into a definitive purchase agreement to acquire 100 per cent of the shares of Ottawa-based Decisive Group Inc. for up to $74.7 million. This includes the amount to be paid in cash at closing of $50M.
Established in 2001, Decisive Group is an IT infrastructure and cybersecurity services business — the company designs, builds and maintains enterprise IT infrastructure and hybrid cloud, as well as manages and protects data. Its customer base includes Canadian government departments and agencies, as well as commercial and enterprise clients.
“The addition of Decisive complements and rounds out our current IT and Cyber Solutions portfolio in North America,” said Kevin Ford, CEO, Calian, in a statement. “Their addition means we now have a strong base of managed services, enterprise infrastructure and on-demand resources in both Canada and the United States. Our footprint in Ottawa, Toronto, Houston, Dallas, Minneapolis and Tampa will allow us to serve a broad set of customers in both the commercial and government markets as we continue our journey to establish Calian as a North American leader in IT.”
“The Decisive team is excited to join Calian,” added Decisive Group CEO, Mitchell Carkner. “Voted one of Ottawa’s Best Places to Work, we — like Calian — hold many of the same values. We are hyper-focused on modernizing and protecting our customers infrastructure and can’t wait to do that as part of the Calian team.”
According to a company statement, the purchase agreement is effective immediately. Calian anticipates the transaction to close by the end of calendar 2023, pending regulatory approvals.
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