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NCC Group bouncing back on rumours it could soon be snapped up by a predator

over 1 year ago by Lucy Cinder

NCC Group bouncing back on rumours it could soon be snapped up by a predator

Cyber Security

Rumours are circulating around the City that NCC Group, a British cyber security company, could soon be snapped up by a predator.

Its shares have been creeping up over the last few weeks, after warnings of a UK slowdown knocked 31 per cent off its value in January. Over the last month, they are up 19.4 per cent.

NCC, which specialises in 'ethical hacking' to help businesses find weaknesses in their systems, was born when the Government's National Computing Centre sold its commercial divisions in 1999.

Beady-eyed observers have their money on private equity firms, IT giant IBM and, possibly, computer company Dell as potential bidders. 

Sources close to the company said it was not in takeover talks, but that hasn't stopped traders speculating that an offer could be on the horizon. The stock was up 2.9 per cent, or 4.8p, at 172.2p.

source thisismoney

Industry: Cyber Security News

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