Dorda has advised Cyoss GmbH, a German provider of data analytics and IT and OT security on the acquisition of a majority stake in RadarServices, a European technology company in the field of cyber attack detection and response. The shareholders of RadarServices were represented by FWP on the deal, which closed on February 21, 2018.
Cyoss is a wholly owned subsidiary of ESG Elektroniksystem and Logistik GmbH. According to Dorda, the new entity transforms Cyoss into the "first global player for cyber security made in Europe."
According to FWP, "by selling the shares, the strategic goals of RadarServices are to be pursued jointly and the further development of the company is to take place as planned.” The company, which has locations in Europe, the USA, the Middle East, Asia, and Australia, "provides a finely tuned portfolio consisting of consultancy, testing, detection & response as well as training with respect to cybersecurity and integrated Big Data services to customers from 170 countries."
The Dorda team included Partners Jurgen Kittel and Heinrich Kuhnert, Attorneys Andreas Seling and Christoph Hilkesberger, Counsel Elisabeth Konig, and Associates Lukas Herrmann, Hans-Peter Alphart, and Florina Thenmayer.
FWP's core team consisted of Partners Paul Luiki, Christian Thaler, and Lukas Flener.