- Transformative acquisition puts Calian on the path to becoming a leading Managed Detection & Response organization in North America
- Computex offers a direct sales force, cybersecurity experts, an enterprise-grade hardened network operations centre and security operations centre, over 1,100 US customers and best-in-breed technology partners
- CAD$38M acquisition is expected to add CAD$75M in annual business
OTTAWA, March 16, 2022 – Calian Group Ltd. (TSX: CGY), a diverse product and services company providing innovative solutions for the healthcare, communications, learning and security sectors, has completed the acquisition of US-based Computex Technology Solutions (Computex) for CAD$38M (USD$30M).
The acquisition marks the beginning of a strategic move for Calian to expand into the US everything-as-a-service (XaaS) market with a full suite of managed services. It will also expand the Calian IT and cybersecurity portfolio in Canada and global markets.
Computex has a 35-year history in the US, with a significant footprint in Texas, Minnesota and Florida. In 2021, Computex was named the AT&T Cybersecurity Growth Partner of the Year and the Cisco Innovator of the Year.
“The acquisition of Computex is an important step in our growth strategy,” says Sacha Gera, President, IT and Cyber Solutions, Calian. “It will add $75 million in annual business, which includes $30 million in recurring revenue from managed IT and cybersecurity services. I look forward to working with the exceptional and highly skilled Computex team to build our cyber solution expertise and grow our capabilities with a full complement of XaaS services and IT solutions.”
Computex employees include skilled engineers and consultants who form Computex Brainware. Through the Brainware Xchange, Computex offers free educational sessions about secure enterprise digital transformation towards the cloud.
“We’re pleased to be acquiring a company that not only has so much to offer in the way of expertise and experience, but also has similar values,” says Kevin Ford, CEO, Calian. “Computex is focused on customers and innovation, just like Calian. We are looking forward to working with the Computex team to build upon our synergies and expand our IT and cyber business in the US.”
As a result of this acquisition, we have updated and raised our guidance to reflect the impact of Computex for the remaining six months of our fiscal year. Our guidance also reflects one-time transaction costs associated with the completion of the acquisition.
GUIDANCE
| Low | High | |
| Revenue | $ 580 M | $ 625 M |
| Adj. EBITDA | $ 61.0 M | $ 65.5 M |
| Adj. Net Income | $ 41.5 M | $ 45.5 M |
The acquisition is effective immediately. Financial metrics are reported in Canadian dollars and in accordance with IFRS reporting standards.
À propos de Calian
Nous faisons avancer le monde. Calian® aide les gens à communiquer, à innover, à apprendre et à mener une vie saine et sûre. Chaque jour, nos employés vivent nos valeurs d’engagement envers le client, d’intégrité, d’innovation, de respect et de travail d’équipe pour concevoir des solutions fiables qui résolvent des problèmes complexes. C’est la confiance. Ingénierie. Entreprise stable et en pleine croissance depuis 40 ans, notre siège social se trouve à Ottawa et nos bureaux et projets couvrent les marchés nord-américains, européens et internationaux. Visitez calian.com pour découvrir des solutions innovantes en matière de soins de santé, de communications, d’apprentissage et de cybersécurité.
Les noms de produits ou de services mentionnés dans le présent document peuvent être des marques déposées de leurs propriétaires respectifs.
Demandes de renseignements des médias :[email protected] 613-599-8600 x 2298 Relations avec les investisseursinquiries:[email protected]
CLAUSE DE NON-RESPONSABILITÉ
Certaines informations contenues dans le présent communiqué de presse sont de nature prospective et sont soumises à des risques et incertitudes importants. Les résultats ou événements prévus dans ces déclarations peuvent différer matériellement des résultats ou événements réels. Ces déclarations sont généralement accompagnées de termes tels que “avoir l’intention”, “anticiper”, “croire”, “estimer”, “s’attendre à” ou d’autres termes similaires. Les facteurs susceptibles d’entraîner des résultats ou des événements différents des attentes actuelles comprennent, entre autres : l’impact de la concurrence sur les prix ; la rareté des professionnels qualifiés ; l’impact de l’évolution rapide des technologies et des marchés ; la perte d’activité ou le risque de crédit avec les principaux clients ; les risques techniques sur les projets à prix fixe ; les conditions générales du secteur et du marché et les taux de croissance ; la croissance internationale et les conditions économiques mondiales, y compris les fluctuations des taux de change ; et l’impact des consolidations dans l’industrie des services aux entreprises. Pour de plus amples informations concernant certains de ces facteurs et d’autres, veuillez consulter le dernier rapport annuel de la société et les autres rapports déposés par Calian auprès de la Commission des valeurs mobilières de l’Ontario. Calian décline toute intention ou obligation de mettre à jour ou de réviser les déclarations prévisionnelles, que ce soit en raison de nouvelles informations, d’événements futurs ou autres. Rien ne garantit que les résultats, performances ou réalisations réels exprimés ou sous-entendus dans les déclarations prospectives contenues dans la présente communication se produiront ou, s’ils se produisent, que des avantages pourront en être tirés.
Calian – Siège social – 770 Palladium Drive – Ottawa – Ontario – Canada – K2V 1C8
Tel : 613.599.8600 – Fax : 613-592-3664 – General info email : [email protected]
About Calian
We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.
Product or service names mentioned herein may be the trademarks of their respective owners.
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DISCLAIMER
Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.
Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: [email protected]
