Dutch cybersecurity firm Fox-IT bought by British firm

Protection concept: computer keyboard with Closed PadlockDutch cybersecurity and IT company Fox-IT is being bought by British internet technology group NCC for €135m, the Financieele Dagblad says on Tuesday.

Fox-IT was founded in 1999 and now generates turnover of almost €30m with a workforce of 220. ‘We needed a partner to expand internationally,’ founder Menno van der Marel told the FD.

The takeover has no consequences for staff or location, co-founder Ronald Prins said. ‘We will remain a Dutch limited company operating under Dutch law.’ Much of Fox-IT’s work is for banks and the government.

The third major shareholder and director is former KPN chief Ad Scheepbouwer who bought almost one-third of the shares in 2012 for an unknown amount. He too is cashing in and leaving the company.

Prins and Van der Marel will remain as directors in the new set-up. They owned around 30% of the shares each, with staff owning the rest.

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