Baker McKenzie advises Opmantek Limited on the scrip takeover offer made by FirstWave Cloud Technology Limited (ASX: FCT), a cybersecurity technology company. The takeover offer values Opmantek at $62 million. Opmantek directors have recommended acceptance of the takeover offer (in the absence of a superior proposal).
An Australian company with a US based CEO, Opmantek provides world-class automated network management and IT audit solutions to over 150,000 organisations across 178 countries.
FirstWave’s cybersecurity as a service will protect and remediate vulnerabilities identified by Opmantek’s audit and network management platform.
Baker McKenzie's lead partner on the transaction, Ben McLaughlin stated: "This transformational deal will enable FirstWave to integrate Opmantek’s software onto FirstWave’s CyberCision Open Security Management Platform and create an end-to-end solution for network discovery, management and cybersecurity. Opmantek’s network management platform further enhances FirstWave’s offering to customers."
Ben was supported by Baker McKenzie special counsel, Tharani Dharmaraj and lawyer, Rita Mikhael.