In a move to beef up its cybersecurity business, JSE-listed Altron has made a deal to buy fellow technology group Etion’s subsidiaryEtion, previously known as Ansys, bought IT developer Lawtrust — considered one of SA’s leading digital security firms — for R109m in June 2018, and the company is now known as Etion Secure.
The value of Lawtrust’s net assets at the time was R102m, while profit attributable to the unit was R21m. “The Lawtrust acquisition brings complementary capabilities, which include the ability to prove identities of workforce, consumers, citizens and devices, and the legal non-repudiation through digital signatures and encryption,” Altron told shareholders.
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