Cyberoo S.p.A. Strengthens Cybersecurity Operations with Strategic Acquisitions

Cyberoo S.p.A. ( (IT:CYB) ) just unveiled an announcement.

Cyberoo S.p.A. has completed the acquisition of Cyberoo Global AL sh.p.k. and Cyberoo Global UA LLC, along with a business unit from Cyberoo Globl S.p.A., for a total consideration of Euro 1,405,000. This strategic move integrates key activities and resources into Cyberoo’s operations, enhancing transparency and reducing intergroup dependencies. The acquisition strengthens Cyberoo’s cybersecurity offerings, particularly through the internalization of software development and managed services, and supports the growth of its proprietary service, Cypeer Keera, which is central to the company’s competitive positioning in the cybersecurity market.

The most recent analyst rating on (IT:CYB) stock is a Hold with a EUR3.20 price target. To see the full list of analyst forecasts on Cyberoo S.p.A. stock, see the IT:CYB Stock Forecast page.

More about Cyberoo S.p.A.

Cyberoo S.p.A., listed on the Euronext Growth Milan Market, is an innovative SME based in Emilia that specializes in cybersecurity for businesses. The company focuses on protecting IT systems from external attacks and developing strategies to manage and monitor IT ecosystems. Cyberoo targets medium-sized businesses with a comprehensive portfolio of enterprise solutions, leveraging advanced technologies to offer competitive pricing.

Average Trading Volume: 50,026

Technical Sentiment Signal: Sell

Current Market Cap: €65.65M

For a thorough assessment of CYB stock, go to TipRanks’ Stock Analysis page.