Feeds

Ibas buys computer forensics rival Vogon

No hideous poetry involved, thankfully

  • alert
  • submit to reddit

SANS - Survey on application security programs

Ibas, the data recovery and computer forensics firm, is to buy its main European competitor, UK-based Vogon International.

The earn-out deal specifies a minimum price of £4m ($7.5m) and a maximum of £9m ($17m). Vogon will continue as a separate firm until the end of the year, with the integration with Norway-based Ibas kicking off on 1 January 2006.


Vogon is privately-owned, and all the shareholders in the UK company have accepted the deal. The acquisition is conditional on a financial due diligence report.

Pinkertons for PCs

Ibas says the deal will create the clear European leader in data recovery and computer forensics or "Europe’s largest force of private data detectives" (Sam Spades for the digital age, if you will). Data recovery is the biggest business area at Ibas while Vogon has specialised in computer forensics. The acquisition will combine two technical teams and research departments in order to "achieve a higher success rate and extra capacity for complex assignments". Vogon’s US operation will give Ibas access to a large and growing market.

"The market for computer forensics is expanding sharply, and the acquisition of Vogon gives us a leading role in this area," said Bjørn Arne Skogstad, president and chief executive of Ibas. "Our own expertise in data recovery and erasure complements Vogon’s leading-edge expertise in investigating computer crime. We will jointly be very well placed in all three business areas."

Ibas estimates the deal will save it between $1.1m (NOK 7m) to $1.6m (NOK 10m) on its bottom line by 2006 thanks to rationalisation of suppliers, overlapping support functions and locations.

Vogon had sales of $11.4m in 2004, with an operating loss of $1.1m. Ibas made $1.6m on sales of $14.5m last year. The acquisition will increase the Ibas workforce from 89 to 171. The firm’s head office will be at Kongsvinger, north of Oslo. ®

Related stories

Investigators uncover dismal data disposal
Merger creates world's biggest IT security services firm
Cybersleuths track Dame Porter s millions
Forensic computing uncloaks industrial espionage

High performance access to file storage

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.