Kroll OnTrack bolsters data recovery and forensics with £25m Ibas buy-out

Legal IT
February 23, 3006

Kroll Ontrack has strengthened its position in the data recovery and computer forensics market with the acquisition of Ibas Holdings, a leading Norwegian-based rival, for $45m (£25m). The deal follows Ibas’ recent acquisition of its main European competitor, UK-based Vogon International.

The conditions of the public offer were met within 30 days, with acceptance by 90% of Ibas shareholders and approvals from the Norwegian and German competition authorities.

Ibas has become a subsidiary of Kroll Ontrack AS, a newly-formed Norwegian entity. Bjoern Arne Skogstad, former CEO of Ibas Holdings, will retain his leadership of the Ibas group and the company’s 166 employees.

"By combining the strengths of these organisations, we are able to bring world class data recovery and computer forensics services to customers in 13 different languages in more than 21 countries," said Ben Allen, president of Kroll Ontrack.

Labels: Kroll