Cipherpoint Ltd (AU:EXT) has released an update.
Excite Technology Services Limited has announced a binding term sheet for the acquisition of CBIT Digital Forensic Services (CDFS), a move that will significantly expand their capabilities in cyber security and digital forensics. The deal, which includes a mix of cash and stock, plus performance-based considerations, is expected to be immediately accretive to Excite’s revenues and market presence. The acquisition is contingent on due diligence, ASX and shareholder approvals, with formal agreements and an anticipated lease for a new forensics lab to commence in July 2025.
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