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CyEx completes acquisition of Simpluris Inc. to expand data breach response solutions

May 20, 2024•over 1 year ago

Acquiring Company

CyEx

Acquired Company

Simpluris

BostonCosta MesaSoftwareCyber SecurityLegal

Description

CyEx, a leading provider of cyber and data breach response solutions, has announced the acquisition of Simpluris Inc., an award-winning class action settlement administrator. This acquisition will enable CyEx to access new channels and provide vital data breach restitution to more customers, combining CyEx's expertise in the cyber and data breach remediation space and Simpluris' technology-driven approach to legal administration.

Company Information

Company

CyEx

Location

Boston, Massachusetts, United States

About

CyEx is a leading provider of cyber and data breach response solutions, specializing in credit, identity, financial, minor, medical, and privacy data risks. Their innovative and class-leading product portfolio ensures solutions that meet the unique needs of each incident. Since launching in 2020, CyEx has serviced over 700 cases, including Capital One, T-Mobile, Home Depot, and Morgan Stanley.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed