NCC offloads Web Performance business for £7.5m
Manchester-based cyber security specialist NCC Group has sold its Web Performance business for £7.5m.
The buyer is Eggplant, formerly known as Testplant and currently backed by Carlyle Group.
It specialises in user-centric, digital automation intelligence solutions that enhance the quality and performance of the digital experience. Its core test automation and analytics activities are closely aligned to the business of NCC Group’s Web Performance business.
At the end of February 2018, Web’s net assets were £6m, which included NCC’s remaining goodwill from the original acquisition of Web Performance (and is subject to post completion adjustments to working capital).
In the nine months to the end of February, 2018, Web contributed £0.4m of Adjusted EBIT to the group’s performance.