JSE-listed specialist distributor SecureData has bought 75% of MB Technologies' new security division, NetDefense.
The deal is effective immediately and, while NetDefense MD Roberta Carello declines to disclose the value of the deal, she says it is worth "millions".
Carello says MB let NetDefense go because there is a greater strategic fit with SecureData.
"Security is not exactly what MB has been doing for all these years," she explains.
She says, from NetDefense's perspective, the move makes sense as the company wants to grow towards a point where it can sell a total security solution.
The company is already based at SecureData and is run as a separate entity with the management team staying intact.
Carello says the company will now look to expand.
While she would not attach specific growth targets to this statement as yet, she aims to hire people with skills in product management and security.
SecureData already said in January that it is eyeing acquisitions as part of its expansion strategy.
This month, SecureData COO Brett Parker said the company wanted to purchase small, niche players in the security industry.
"We are looking at purchases which would enable us to ensure we have the best security services offering available. Our aim is to offer a total security portfolio; sometimes we do this by adding vendors, at other times we buy businesses that have those skills," he said.
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