# Bytes Technology Group Acquires CyberOne for £19.4 Million

- URL: https://stocks.freetheai.org/news/bytes-technology-group-acquires-cyberone-for-19-4-million-d8ff0b
- Published: 2026-10-13T06:00:02Z
- Category: mergers; sentiment: bullish; impact: medium
- Symbols: [LSE:BYIT](https://stocks.freetheai.org/symbols/LSE-BYIT)
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Bytes Technology Group plc (LSE:BYIT) has acquired UK cyber security services provider CyberOne Limited for an initial cash consideration of £19.4 million. The acquisition is funded entirely from existing cash reserves, with additional contingent performance-related cash payments scheduled over the next 16 months. CyberOne generated £9.5 million in revenue during the 12 months ending July 31, 2026, delivering high double-digit revenue growth alongside expanding gross profit margins.

The deal enhances Bytes' capabilities across the cyber security lifecycle, expanding its reach in a UK security market projected to reach approximately £5.2 billion by 2029. CyberOne brings over 80 employees across the UK and the Philippines, alongside deep technical expertise and partner status within the Microsoft security ecosystem. The combination is expected to support deeper customer engagement and generate higher service-led recurring revenue.

Completion of the deal remains subject to regulatory clearance under the UK National Security and Investment Act 2021, which is expected shortly. Bytes expects the acquisition to be earnings-enhancing in its first full financial year of ownership, while CyberOne's management team will initially operate the business as a standalone unit in close coordination with Bytes' sales teams.

## Key points

- Bytes Technology Group plc acquired CyberOne Limited for an initial cash consideration of £19.4 million.
- The deal is fully funded from cash reserves, with additional contingent payments planned over 16 months.
- CyberOne generated £9.5 million in revenue with high double-digit growth in the year ended July 31, 2026.
- The acquisition is expected to enhance earnings in its first full financial year of ownership.
- Completion is subject to clearance under the UK National Security and Investment Act 2021.

## Questions and answers

### How much did Bytes Technology Group pay for CyberOne?

Bytes Technology Group paid an initial cash consideration of £19.4 million funded from existing cash reserves, with performance-based contingent cash payments planned over the next 16 months.

### What does CyberOne do and what are its recent financials?

CyberOne provides managed cyber security, consulting, and resilience services focused on the Microsoft security ecosystem. It generated £9.5 million in revenue with high double-digit growth for the 12 months ended July 31, 2026.

### When will the CyberOne acquisition complete?

The transaction is expected to close shortly, subject to clearance under the UK National Security and Investment Act 2021.