SecureData will finalise the creation of a new entity that will buy out UK-headquartered MIS CDS, a leading supplier of security and mobile connectivity products and services, for 14,2-million pounds.
The company is a reseller of market leading security products and an outsourced provider of security monitoring and threat mediation services.
MIS CDS is the UK`s longest-established security specific services organisation and delivers security solutions to a range of blue chip customers in the UK.
The acquisition will be through a special-purpose vehicle subsidiary, SDH UK. This is owned by SecureData (75,77%), MIS CDS management (23%) and MIS nominees (1,23%).