CynergisTek, Inc. Acquires Backbone Consultants

November 1, 2019

CynergisTek, Inc. acquired Backbone Enterprises, Inc. (d/b/a Backbone Consultants) to expand its cybersecurity, IT audit, and data privacy capabilities. The transaction (announced November 1, 2019) included initial consideration of approximately $7.0 million ($5.5M cash, $1.5M stock) plus up to $4.0 million in earn-outs and brings Backbone’s ~ $3.6M trailing-12-month revenue and a small team of security, privacy, and IT audit professionals into CynergisTek’s managed services portfolio.

Buyers
CynergisTek, Inc.
Targets
Backbone Enterprises, Inc. (dba Backbone Consultants)
Industry
Cybersecurity
Location
United States
Transaction Type
Buyout

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