OTTAWA, July 14, 2020 -- Calian Group Ltd. (TSX: CGY) has acquired EMSEC Solutions Inc. (EMSEC), a boutique firm specializing in radio frequency (RF) emission security and technical surveillance countermeasures.
Emissions security relates to the control and prevention of unintentional electrical and electromagnetic emissions that can disclose sensitive or classified information. EMSEC provides technical and professional services including TEMPEST products and other mitigation techniques such as facility zoning (physical distancing, building modifications, separation of IT systems, and other measures). This specialized field is growing as organizations increasingly see a need to protect intellectual property.
EMSEC’s customized services include vulnerability assessments, monitoring, training, risk mitigation and countermeasure sweeps. The firm’s emission analyzer software product, FASTBREAK, provides automated and manual signal analysis supporting production testing, equipment certification, as well as troubleshooting, investigation and research.
“We are excited to be joining a larger market player with a strong presence in cyber security, and look forward to combining our respective expertise,” said Peter Patterson, President, EMSEC. “At EMSEC our personnel have deep experience providing emissions security solutions. Our expertise covers products, certifications, in-field platform testing, emission security vulnerability studies and solutions.”
John Simpson, CTO of EMSEC Solutions, stated, “We are excited about bringing our emissions security subject matter expertise to a world class organization like Calian. Our combination of unique products and professional/technical services will integrate flawlessly with Calian’s leading cyber security practice.”
“We would like to extend a very warm welcome to the EMSEC team. Their wealth of cyber security expertise will position Calian into a dominant position within the emissions security field and provide our cyber solutions practice with a unique differentiator, setting us apart with a range of offerings and talented services team,” said Sandra Cote, Vice President, Information Technology, Calian. “We look forward to combining EMSEC’s expertise with Calian’s deep bench of cyber security experts to provide even more specialized services for our customers.”
“With annual revenues of approximately $5 million and a positive margin profile, we expect EMSEC to be EBITDA accretive starting immediately,” said Patrick Houston, Chief Financial Officer, Calian. “We are very pleased to see our growth story continue with this acquisition representing innovation and customer diversification.”
“This important acquisition supports both customer diversification and service line innovation, two key pillars within our four-pillar growth strategy,” stated Kevin Ford, President and Chief Executive Officer, Calian. “Innovation and expertise will be key to Calian’s continued growth and evolution. EMSEC’s team will further strengthen Calian’s expertise in the area of government and defence cyber security and provide us with innovative software and technology-enabled services to broaden the depth of our solutions.”