Core Finance served as the exclusive financial advisor for Innovera’s merger with Cyberwise, resulting in Turkey’s largest cyber security solution provider. The integration combines two industry leaders under the Cyberwise brand.
Innovera, established in 2007, specializes in cyber security consulting and integration services, serving over 500 corporate clients with 120 employees across Ankara and Istanbul. Cyberwise — formed from a merger between Biznet and Securrent with backing from Taxim Capital — operates as a pioneering cyber security firm with expertise in IT, OT, and Cyber Physical Systems, employing over 130 people across multiple locations including Dubai and Amsterdam.
Murat Tora, Innovera’s CEO, stated: “Regional expansion and inorganic growth of Innovera has been our goal since the beginning of 2019.”
The merged entity aims to consolidate Turkey’s top cyber security talent and comprehensive service offerings.
The transaction represents Core Finance’s fifth 2020 deal and second in the cyber security sector, following the Atar Labs acquisition by Micro Focus.