omniture

Future Data Completes Acquisition of 64.86% Equity Stake in Cyber Security Specialist Maximus

Accelerating the Group's strategy in Hong Kong and Macau's cyber security market
Future Data
2019-06-03 19:10 1813

HONG KONG, June 3, 2019 /PRNewswire/ -- GEM Board-listed Future Data Group Limited ("Future Data" or the "Group", stock code: 8229), a technology services company specializing in system integration and cyber security, today announced that it has successfully completed the acquisition of 24,000 sale shares and subscription of 24,000 new shares of Maximus Group Consulting Limited ("Maximus"). As of June 3, 2019 (The day of completion of the acquisition), Future Data holds 64.86% of the entire issued share capital of Maximus. 

Mr. Giang Phung, Vice Chairman of Future Data, said, "With the successful acquisition of Maximus, we will be able to leverage on their customer base of 150 corporate customers and government agencies in Hong Kong and Macau to accelerate the Group's strategy in Hong Kong and Macau's cyber security market. Combining our strength in revenue growth in network infrastructure in Korea and Hong Kong's high margin cyber security business, we have a new business platform to deliver better returns to our shareholders and it position Future Data as a leading service provider within the cyber security market in Hong Kong, effectively enhance the Group's future profitability."

Future Data announced that it has entered into a share purchase and subscription agreement with Maximus on April 2, 2019. The Group has been working with MXC, the wholly-owned subsidiary of Maximus, for the past two years as its partner in the cyber security market. MXC has been providing sales and marketing services while the Group has been delivering the technology services and managing the projects. 

About Future Data Group Limited

Listed on the GEM Board of the Stock Exchange of Hong Kong Limited in 2016, Future Data is a new breed of company within the technology services industry. Founded in Korea in 1997, Future Data provides a wide range of network infrastructure and security services to corporate customers. The Group's distinct competitive advantages include the partnerships and alliances it has forged with a diverse base of leading technology suppliers and the ability to interweave its software development capabilities with a number of these suppliers.

More information on Future Data can be found at http://www.futuredatagroup.com.

About Maximus Group Consulting Limited

An investment company incorporated in British Virgin Islands in 2016 which holds the entire share capital of Maximus Consulting (Hong Kong) Limited.

About Maximus Consulting (Hong Kong) Limited ("MXC")

Established in 2003, MXC is a Hong Kong-based company that provides professional one-stop information on security services and solutions, specializing in cyber security and anti-hacking services. MXC is trusted by over 150 businesses, performs over 100 security assessments annually, and monitors more than 300 cyber security devices through our SOCs. Positioned as a human-based artificial intelligence in the cyber security space, MXC has helped numerous major corporations in the finance, insurance, airline, logistics, and telecom industries to deter cyberattacks and prevent cybercrimes.

More information on MXC can be found at http://www.maximusholding.com

Source: Future Data
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