A German systems integrator has bought Cygna Labs and its Microsoft-based hybrid and cloud auditing platform. N3K is a globally acting systems integrator and provider of network management solutions and is a portfolio company of the private equity firm VR Equitypartner, a private equity financier in Germany, Austria and Switzerland.
With the acquisition of Cygna Labs, previously majority owned by Blackbird Ventures, N3K will secure ownership of key intellectual property in a market of strategic importance to the firm, it says. Financial details of the transaction were not disclosed.
Following a partnership of jointly providing compliance management solutions to global clients with Cygna Labs, N3K CEO Rainer Maurer sees the acquisition as the next milestone in the evolution of both companies. The acquisition will ensure strong financial backing for ongoing development and growth of the team and product portfolio in the future.
Cygna Labs will continue to operate as an independent subsidiary of the N3K group, Rainer Maurer will replace Christian Ehrenthal as chairman and CEO and Ehrenthal will remain a member of its board of directors to ensure a smooth transition.
Rainer Maurer, CEO of N3K, said: “The acquisition of Cygna Labs is a strategic move that provides us with an opportunity to own the IP behind one of our two main business units. This transaction enables us to expand our global customer base and in turn we are fully committed to increase R&D spending. I look forward to being able to deliver new, innovative technology in an area that has been a key pillar of our business for years.”
Christian Ehrenthal, CEO and co-founder, Cygna Labs, said: “We have worked closely with N3K and its management team over the years. As a top-performing partner, their business philosophy and long-term goals have aligned with our own, making this a seamless transition. N3K’s commitment and expertise, together with the support of VR Equitypartner, will help ensure the continued growth of the company and will provide our customers with the ideal solution-set for their compliance needs, today and in the future.”
