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Olswang has acted for the management team of high tech consultancy, Cybercom Group ("Cybercom") on the £6 million sale of its UK subsidiary, Cybercom Group UK Ltd ("Cybercom UK") to Digital Marketing Group plc ("Digital Marketing Group"). Cybercom is an IT systems consultancy and systems integrator specialising in e-commerce and electronic trading. It has a strong portfolio of blue chip clients including IBM, John Lewis Partnership, Lloyds TSB and Thomson Reuters. In 2007 Cybercom UK reached £4.4 million in sales through its delivery of complete IT support, project management, design and implementation. The sale of the company will empower the management of Cybercom to capitalise on the success of its subsidiary, and expand throughout Eastern Europe and Asia. Olswang Corporate Partner, Tina Cowen, said, "Cybercom is an ambitious company with a clear strategy of introducing its IT services on a global scale. In selling its UK subsidiary to the Digital Marketing Group it becomes part of the UK's leading digital direct marketing company. Working with the management team of Cybercom, we have demonstrated Olswang's corporate expertise in acting for management and protecting its interests in both the sale process and in its future with the new buyer." Olswang's award-winning corporate team has established a market leading position in acting for clients in the media, communications and technology sectors, in which the Firm specialises. Recent transactions include advising Australia-based Keycorp Limited, a leading provider of complete secure electronic transaction solutions, on the AUS$25.7m sale of its UK subsidiary, Multos Limited, to digital security supplier, Gemalto UK Limited; Sony Pictures Television International on its investment in the newly formed UK independent production company, Gogglebox Entertainment; and TIML Golden Square Limited, a wholly owned subsidiary of Times Infotainment Media Limited, on the £53.2 million acquisition of Virgin Radio Holdings Limited and its subsidiaries from SMG plc. Tina Cowen led the Olswang team with assistance from Employment Partner Daniel Aherne and Associate Cassie Stone. Allen & Overy advised Cybercom AB. Rosenblatt Solicitors advised Digital Marketing Group.
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