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Acquisition of CyberOne
Bytes Technology Group plc
(Incorporated in England and Wales)
(Registered number: 12935776)
LEI: 213800LA4DZLFBAC9O33
Share code: BYI
ISIN: GB00BMH18Q19
(“BTG” or "the Company”)
13 October 2026
Acquisition of CyberOne
Acquisition strengthens BTG’s capabilities across the cyber security lifecycle
Bytes Technology Group plc, one of the UK's leading software, security, AI and cloud services specialists,
is pleased to announce the acquisition of CyberOne Limited ("CyberOne"), a leading UK cyber security
services provider (“the Acquisition”).
CyberOne provides AI-enabled managed security services, security operations, cyber resilience
consulting and professional services to a broad base of enterprise and mid-market customers. The
business has established a strong position within the Microsoft security ecosystem, including recognition
as a Microsoft Security Elite Partner and membership of the Microsoft Intelligent Security Association.
CyberOne’s expertise strengthens BTG’s capabilities across the cyber security lifecycle. Its Microsoft-
focused platform, proprietary services and specialist expertise complement BTG’s existing strengths and
are expected to support deeper customer relationships and increased service-led revenue opportunities
across the combined customer base.
CyberOne was established in 2005 and operates in the UK cyber security services market, which is
expected to continue double-digit growth, reaching c.£5.2 billion by 2029. The business is headquartered
in London, with over 80 employees across the UK and the Philippines. CyberOne delivered high double-
digit revenue growth in the 12 months ended 31 July 2026, generating revenue of £9.5 million alongside
expanding gross profit margins.
The initial acquisition consideration of £19.4 million has been funded entirely from existing cash resources,
with further contingent cash payments over the next 16 months depending on performance. Completion
is subject to clearance under the UK's National Security and Investment Act 2021, which is expected to
be received shortly.
The Acquisition represents a targeted investment in line with BTG’s strategy and capital allocation
framework, and is expected to be earnings-enhancing in the first full financial year of ownership.
CyberOne’s leadership team will join BTG and, initially, continue to operate the business as a standalone
unit, working closely with BTG’s sales teams.
Sam Mudd, BTG Chief Executive Officer, commented: "CyberOne is a strong strategic fit for BTG,
enhancing our capabilities in a rapidly growing technology segment and supporting growing customer
demand for cyber security services. The Acquisition combines a proven managed security platform and a
growing base of high-margin recurring revenue with BTG’s existing scale and customer reach. We are
delighted to welcome the CyberOne team to BTG and look forward to combining our complementary
strengths to deliver greater value for customers and shareholders."
Dominic List, CyberOne Chief Executive Officer and Founder, added: “CyberOne was founded with
the clear purpose of helping organisations move from cyber risk to measurable resilience. Our team has
built deep Microsoft Security expertise, trusted customer relationships and a service culture focused on
outcomes, not simply technology. Joining BTG gives us the scale and reach to take that expertise to more
organisations while protecting the specialist focus, responsiveness and customer commitment. Together,
we can help customers adopt AI securely, operate with confidence and gain more value from their
Microsoft investments. We are excited about what our teams can achieve together.”
Nick Hedderman, Microsoft UK & Ireland Channel Lead, commented: “We are thrilled to see
CyberOne join the Bytes Technology Group family. As AI reshapes every organisation, customers
increasingly rely on trusted partners to guide their transformation journeys. Bytes has earned its reputation
as one of Microsoft's most trusted partners in the UK and Ireland, and we are excited about the
opportunities the acquisition of one of our most accredited Cyber Security partners will create for our
shared customers."
Enquiries:
Bytes Technology Group plc
Sam Mudd, Chief Executive Officer
Andrew Holden, Chief Financial Officer
Jack Bradshaw, Investor Relations
Email: IR@bytesplc.com
Sodali & Co
Elly Williamson
Tilly Abraham
Tel: +44 (0)2072 501446
Email: btg@info.sodali.com
The Company has a primary listing on the Main Market of the London Stock Exchange and a secondary
listing on the Johannesburg Stock Exchange.
Sponsor
Investec Bank Limited
Date: 13/10/2026 08:00:00
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