Wavenet Acquires Fidus Information Security About the Deal Nimbus Legal advised Solihull-based telecom and technology services provider Wavenet on its expansion through the acquisition of Fidus Information Security (Fidus). Dow Schofield Watts Transaction Services LLP provided financial advice. Founded in Cambridge in 2017, Fidus provides advanced penetration services to help firms assess and improve their IT security. Fidus works with hundreds of organisations worldwide in both the private and public sectors. Kurtis Baron, founder and managing director at Fidus, hailed the merger. “The acquisition of Fidus Information Security by Wavenet represents an exciting time for us; Wavenet’s passion and dedication to invest in cyber security will enable us to extend our reach into new markets,” Baron said in a statement. “Together, we will continue to grow our existing cybersecurity offerings and guide organisations in every aspect of their IT security systems. I am immensely enthusiastic about this acquisition, and what the future will offer to our customers and our staff.” Transaction Report Legal Advisor on the transaction: TRANSACTION REPORTS 95
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