Crossword Cybersecurity (CCS)

Sector:

IT Services

 5.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 10.00
  • 52 Week Low: 4.25
  • Currency: UK Pounds
  • Shares Issued: 101.47m
  • Volume: 2,634
  • Market Cap: £5.07m
  • RiskGrade: 197

Crossword Cybersecurity acquires SaaS platform provider Threat Status

By Iain Gilbert

Date: Monday 14 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Software company Crossword Cybersecurity has acquired threat intelligence company Threat Status in a deal that values the business at roughly £1.52m.
Crossword said on Monday it will pay an initial cash payment of £500,210 for Threat Status, which owns cloud-based software-as-a-service credential breach platform Trillion, while a cash payment of £281,758 and £171,942 in stock will follow on the first anniversary of the transaction and on the second anniversary, it will make a further cash payment of £125,000 and £450,000 in stock.

The AIM-listed firm highlighted that acquisition of Threat Status takes its portfolio to five cyber security offerings, alongside its cyber security consulting and managed services offerings.

For the 12 months ended 31 March, Threat Status made a loss of £54,864 and had net assets of £75,586. However, Crossword added that Threat Status was reaching breakeven, with 90% recurring revenue.

Chief executive Tom Ilube said: "Crossword is pleased to incorporate Trillion and Arc into its product suite, completing our aim of having five products in the market by the end of 2022 and adding over twenty new recurring revenue clients.

"This is our third acquisition in less than a year and shows the extent of our ambition to provide a portfolio of subscription-based, enterprise-class products and services."

As of 1005 GMT, Crossword shares were up 1.59% at 32.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CCS Market Data

Currency UK Pounds
Share Price 5.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 10.00
52 Week Low 4.25
Volume 2,634
Shares Issued 101.47m
Market Cap £5.07m
RiskGrade 197

CCS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.36% below the market average40.36% below the market average40.36% below the market average40.36% below the market average40.36% below the market average
53.66% below the sector average53.66% below the sector average53.66% below the sector average53.66% below the sector average53.66% below the sector average
Price Trend
85.25% below the market average85.25% below the market average85.25% below the market average85.25% below the market average85.25% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Income Not Available
Growth
33.05% above the market average33.05% above the market average33.05% above the market average33.05% above the market average33.05% above the market average
38.82% above the sector average38.82% above the sector average38.82% above the sector average38.82% above the sector average38.82% above the sector average

CCS Dividends

No dividends found

Trades for 03-May-2024

Time Volume / Share Price
12:44 38 @ 5.18p
12:40 230 @ 4.58p
10:35 2,366 @ 4.58p

CCS Key Personnel

CEO Thomas Ilube
CFO Rose Clark

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