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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