Diginex to Acquire Cybersecurity Firm Findings for $305M

Diginex Limited has signed a Memorandum of Understanding (MOU) to acquire 100% of IDRRA Cyber Security, operating as Findings, for $305 million. Findings is backed by Magenta Venture Partners. The acquisition aims to strengthen Diginex's cybersecurity capabilities and expand its offerings in the financial services industry.

LONDON, Aug. 12, 2025 — Diginex Limited (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, has announced the signing of a non-binding Memorandum of Understanding (MOU) to acquire 100% of the equity interests of IDRRA Cyber Security Ltd., operating under the trade name Findings. The acquisition is valued at up to US$305 million, with a total consideration of US$270 million in Diginex Limited shares and up to US$35 million in cash [1].

Findings, backed by Magenta Venture Partners, specializes in supply chain risk monitoring and vendor risk automation solutions in the cybersecurity and sustainability regulatory domains. The acquisition aims to enhance Diginex's technological capabilities and expand its footprint in the cybersecurity sector, aligning with Diginex’s mission to lead change and increase transparency in corporate regulatory reporting and sustainable finance [1].

Under the terms of 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. 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. Up to US$15 million cash consideration will be paid at closing, with the balance subject to certain business performance metrics to be paid in fiscal years 2026 and 2027 [1].

The proposed transaction is subject to the satisfactory completion of due diligence, regulatory approvals, and the negotiation and execution of a definitive transaction document. 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 [1].

"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," said Miles Pelham, Chairman of Diginex [1].

Kobi Freedman, CEO of Findings, expressed his enthusiasm about the potential acquisition: "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. 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" [1].

The MOU includes a 45-day exclusivity period during which Findings will not engage with other potential acquirers, underscoring the commitment of both parties to finalize the transaction [1].

Diginex Limited is headquartered in London and provides technology solutions to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning, and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate, and share sustainability data through easy-to-use software [1].

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 [1].

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 [1].

References:
[1] https://finance.yahoo.com/news/diginex-announces-mou-us-305m-200500691.html
[2] https://seekingalpha.com/news/4484307-diginex-signs-mou-for-305m-acquisition-of-cybersecurity-company-findings
[3] https://www.bakersfield.com/ap/news/diginex-announces-mou-for-us-305m-acquisition-of-findings-a-leading-cybersecurity-and/article_8e4edc83-5fdc-5e7c-bec5-ee0e1bfe0136.html