Diginex Limited, a leading provider of Sustainability RegTech solutions, announced the signing of a non-binding Memorandum of Understanding (MOU) to acquire 100% of the equity interests of IDRRA Cyber Security Ltd., which operates under the trade name Findings. Findings is backed by Magenta Venture Partners and provides innovative category leading supply chain risk monitoring and vendor risk automation solutions in the cybersecurity and sustainability regulatory domains. Diginex believes this strategic acquisition aligns with Diginex’s mission to enhance its technological capabilities and expand its footprint in the cybersecurity sector, and build a global leader in compliance data verification and regulatory compliance automation.

Utilizing AI and data analysis, Diginex leads change and increases transparency in corporate regulatory reporting and sustainable finance. The proposed transaction will integrate Findings’ expertise in AI vendor risk management (VRM), real-time cloud audits and monitoring, its innovative API-based verification automation and secure data sharing, further strengthening Diginex’s award-winning platforms like diginexESG, diginexLUMEN, and diginexAPPRISE.

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Under the terms outlined in the MOU, Diginex will acquire Findings for a total consideration of up to US$305 million, comprising US$270 million in Diginex Limited shares and up to US$35 million in cash, US$20 million of which is subject to an earn out provided certain financial targets are achieved. The share consideration will be valued based on the 60-business day trailing VWAP of Diginex’s shares (DGNX) as of the MOU signing date, with shares subject to customary lock-up periods ranging from 9 to 18 months for Findings’ shareholders. Up to US$15 million cash consideration will be paid at closing and the balance, which is subject to certain business performance metrics, will be paid in fiscal years 2026 and 2027.

The proposed transaction is subject to the satisfactory completion of due diligence, regulatory approvals, and the negotiation and execution of a definitive transaction documents. Diginex will also provide further growth funding to Findings post-closing, based on agreed performance metrics, to support its continued innovation and rapid global expansion.

“We are thrilled about the potential acquisition of Findings, which will bolster our supply chain and risk management offerings,” said Miles Pelham, Chairman of Diginex. “Findings’ cutting-edge solutions in vendor risk management and cloud security, led by founders Kobi Freedman and Jonatan Perry, perfectly complement our sustainability-focused technology stack and will accelerate value creation for our clients worldwide.”

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“We are thrilled to join forces with Diginex, a leader in sustainable RegTech, to jointly enhance our automated solutions for supply chain risk and compliance management,” said Kobi Freedman, CEO of Findings. “This transaction will enable us to provide customers in various regulated sectors with cutting edge technology to support the ever growing regulatory and risk oversight requirements of their supply chain partners, leverage Diginex’s global platform and advanced technologies to accelerate growth, extend the mutual offerings with our supply chain cybersecurity automation solutions and deliver greater value to organizations navigating complex regulatory landscapes.”

Findings specializes in making risk-related strategic decisions with confidence through products like AI powered VRM for automated vendor risk management, CloudVRM for real-time cloud and SaaS vendors cybersecurity audits, continuous monitoring, and Trust Exchange for verified and highly secured data sharing across regulated sectors. The proposed transaction will enable Findings to leverage Diginex’s global reach and resources to scale its impact in securing supply chains against evolving threats in the cloud and AI era.

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Source: globenewswire