Sale of Everett to PwC
Otto Nunnikhoven advises the shareholders and management on the sale of Everett, a consultancy specialised in Identity and Access Management, (www.everett.eu), to PricewaterhouseCoopers (www.pwc.nl).
Cybersecurity has, in recent years, become an increasingly important priority for companies. Cyber-attacks are becoming more common, and the negative consequences of cyber-attacks can often cause a huge impact. The consequences range from disrupted operations by damaging databases or websites to hacking payment systems to commit financial fraud. Moreover, the potential theft of personal data or intellectual property from companies, often the result of bad habits from employees, leads to significant, sometimes even structural damage to reputation and competitiveness.
With the acquisition of Everett, PwC strengthen its cybersecurity services. Everett is a specialist in the field of Identity and Access Management (IAM). Its services allow organisations to, in a safe and user-friendly way, gain access to information, for which, reliability, manageability and security are key. Everett employs fifty five IAM consultants, specialised in business consulting (advisory), technical consultancy (architecture) and system integration (IT engineering). Everett has offices in the UK (Manchester), Germany (Düsseldorf), the Netherlands (Nieuwegein – the firm’s largest hub) and Italy (Rome). The transaction was advised on by Netherlands-based advisors from IMPROVED Corporate Finance, De Metz (a law firm) and, of course, PwC itself.
The transaction was extensively covered in (online) media: