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Sopra Steria has entered exclusive negotiations to acquire EVA Group, a French cybersecurity firm, aiming to strengthen its position in the rapidly growing cybersecurity market. EVA Group, with a projected revenue of €33 million in 2021, specializes in consulting, audit, and training, serving 80 clients, mainly large public-sector organizations. This acquisition could propel Sopra Steria to one of the top three cybersecurity providers in France, enhancing its service offerings and client relationships. The deal is expected to close in Q4 2021, pending customary approvals.
Positive
Acquisition of EVA Group will enhance Sopra Steria's cybersecurity capabilities.
EVA Group's revenue forecast for 2021 is approximately €33 million.
The merger could position Sopra Steria among the top three cybersecurity firms in France.
Negative
None.
PARIS--(BUSINESS WIRE)--
Regulatory News:
Sopra Steria (Paris:SOP)(Euronext Paris: SOP), a European leader in digital transformation, has signed an exclusive negotiation agreement with a view to acquiring cybersecurity firm EVA Group.
The cybersecurity market is seeing rapid growth, with this issue now a major concern for corporate management and IT decision-makers looking to make systems more resilient and increase digital sovereignty. Consequently, most of them expect to significantly increase their investments in this area. In this market, Sopra Steria is positioned among the top five providers1 in France, and is a founding member of Campus Cyber, a cybersecurity hub launched on the initiative of the French president.
EVA Group is a French cybersecurity firm. Its revenue forecast for 2021 is around €33m, mainly generated in France. Its business is built around consulting, audit, integration, expertise and training. Its 240 consultants and experts serve 80 active clients, most of which are large public-sector organisations and businesses listed on the CAC 40 and SBF 120 French stock market indices.
The tie-up between Sopra Steria and EVA Group would significantly boost Sopra Steria Group’s firepower in the highly promising and critical field of cybersecurity. It would offer major clients a comprehensive, end-to-end range of services to bolster IT systems security. It would also combine two essential components: close customer relationships and an innovative industrial model. In addition, it would act as a springboard, propelling the Group into position as one of the top three players in the French cybersecurity market.
Jean-Victor Garnier, Erwan Brouder and Robert Tran Van Lieu, senior executives and shareholders of EVA Group, commented: “The opportunity for a tie-up between our group and Sopra Steria brings us into a new phase in our development. Joining forces would enable us to build a sovereign European leader in digital trust. This tie-up would also open up new prospects for our employees and enrich our value proposition for our clients thanks to the many synergies it would create.”
Cyril Malargé, COO of Sopra Steria Group and CEO of its “France” reporting unit, added: “I’m excited about the plan we have mapped out with EVA Group.The strong synergies between our teams will help position us as a leader in the French IT- and data-security market, with a comprehensive range of solutions combining consulting, expertise, innovation and an industrial approach.”
The proposed acquisition is subject to the customary consultations and closing conditions, and could be finalised in the fourth quarter of 2021.
About Sopra Steria
Sopra Steria, a European leader in consulting, digital services and software development, helps its clients drive their digital transformation and obtain tangible and sustainable benefits. It provides end-to-end solutions to make large companies and organisations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach. Sopra Steria places people at the heart of everything it does and is committed to putting digital to work for its clients in order to build a positive future for all. With 46,000 employees in nearly 30 countries, the Group generated revenue of €4.3 billion in 2020.
The world is how we shape it.
Sopra Steria (SOP) is listed on Euronext Paris (Compartment A) – ISIN: FR0000050809
EVA Group is a French cybersecurity and IT performance firm. Founded in 2007, the company has 240 consultants and 7 offices located in Paris, Toulouse, Lyon, Singapore, Hong Kong, Toronto and New York. It offers a wide range of services, including governance and assistance for CISOs, compliance management, IT and cloud architecture security, maintaining systems in proper operating condition, penetration tests and certificate training programmes. EVA Group serves 80 active clients, most of which are large public-sector organisations and businesses listed on the CAC 40 and SBF 120 French stock market indices.
Sopra Steria has signed an exclusive negotiation agreement to acquire EVA Group to strengthen its cybersecurity offerings.
What are the expected benefits of Sopra Steria's acquisition of EVA Group?
The acquisition is expected to enhance service provision and market position, potentially placing Sopra Steria among the top three cybersecurity firms in France.
What is EVA Group's revenue forecast for 2021?
EVA Group's revenue forecast for 2021 is approximately €33 million.
When is the acquisition of EVA Group expected to be finalized?
The acquisition is expected to be finalized in the fourth quarter of 2021, subject to customary approvals.
How will this acquisition impact Sopra Steria's market position?
This acquisition will significantly boost Sopra Steria's capabilities in cybersecurity, enhancing its competitiveness in the market.
