A French company Neverhack acquired an Estonian cyber company Security Software OÜ

Ellex law firm in Estonia advised French cybersecurity group Neverhack SAS on the acquisition of the Estonian cybersecurity company Security Software OÜ.

With this transaction, Neverhack acquired 100% of shares in Security Software OÜ, which operates under the Cybers brand. The acquisition will accelerate Neverhack’s development in the Baltics and Nordic countries and expedite Cybers’ international expansion in Europe.

Arthur Bataille, CEO of Neverhack, stated that the inclusion of Cybers into their ecosystem accelerates the construction of a safer digital world, particularly in Northern Europe: „Neverhack’s primary goal is solidifying its go-to cyber hub position.“

Jürgen Erm, CEO of Cybers, said that the merger will strengthen their market position, and add new opportunities and value for current and future customers. Erm added that nothing will change in the way the company operates; rather, the new ownership will enable the company to offer even more services.

Ellex team who advised Neverhack included Counsel Rutt Värk, Partner Ermo Kosk, Tax Counsel Dmitri Rozenblat, Counsels Toomas Kasesalu and Mari Must, Senior Associate Merlin Liis-Toomela and Lawyers Karl Rudolf Org, Hegle Pärna and Liis Tava, who were supported by the competition team – Partner Martin Mäesalu, Senior Associate Kevin Gerretz and Lawyers Miikael Tuus and Annabell Carina Katalsepp.

The transaction will enter into force after clearance by the Competition Authority.

The Tallinn-based company Security Software OÜ, operating under the Cybers brand, was founded in 2010. Cybers offers a wide range of cyber solutions and services, both offensive and defensive, providing cutting-edge technology implementation and integration, as well as strategic consulting and cyber risk regulations.

French cybersecurity group also offers a complete range of services, including consulting, training, assessment, and artificial intelligence products. Their mission is to create a safer digital world by providing innovative and ethical solutions.