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Sword Group: Investment in Cybersecurity and Artificial Intelligence
Globenewswire·2025-04-07 05:37

Group 1 - The Group is acquiring iDelta, a cybersecurity and observability data specialist based in Edinburgh, to enhance its capabilities in data and AI solutions, cybersecurity monitoring, and performance monitoring [1][2] - iDelta's tools facilitate the management of Open Banking data APIs and improve connectivity with third-party technologies, particularly benefiting the Financial Services sector [2] - The acquisition is expected to contribute significantly to the Group's cybersecurity strategy, with iDelta generating annual revenue of €0.75 million and an EBITDA margin of 30% [3] Group 2 - The consolidation of iDelta into the Group's accounts will take effect from April 1, 2025, with key financial events scheduled for the first and second quarters of 2025 [3] - Sword Group employs over 3,200 IT and digital specialists across more than 50 countries, focusing on supporting organizations in their digital transformation [4] - Sword has established a strong reputation in managing complex IT and business projects, optimizing processes, and enhancing data utilization [4]