Diginex, a NASDAQ-listed provider of sustainability-focused RegTech solutions, has signed a non-binding memorandum of understanding (MOU) to acquire IDRRA Cyber Security Ltd., which trades as Findings.
Findings, backed by Magenta Venture Partners, is known for its supply chain risk monitoring and vendor risk automation technologies in both cybersecurity and sustainability compliance.
The planned $305m acquisition is designed to expand Diginex’s footprint in the cybersecurity sector and advance its mission to create a global leader in compliance data verification and regulatory automation. The proposed deal will see Diginex pay $270m in shares and up to $35m in cash, of which $20m is contingent on certain financial targets being met.
Diginex delivers AI and data-driven platforms such as diginexESG, diginexLUMEN and diginexAPPRISE, which aim to improve transparency in regulatory reporting and sustainable finance. Integrating Findings will add AI-powered vendor risk management (VRM) tools, real-time cloud audits, API-based verification automation and secure data sharing capabilities.
Findings provides automated VRM, CloudVRM® for real-time SaaS and cloud security audits, continuous monitoring, and its Trust Exchange platform for verified data sharing. Its solutions help regulated industries meet growing oversight demands and mitigate risks in the AI-driven and cloud-first era.
Under the MOU, shares will be valued based on Diginex’s 60-business day trailing VWAP, with lock-up periods of between nine and 18 months for Findings’ shareholders. Up to $15m in cash will be paid at closing, with the rest tied to business performance in 2026 and 2027. The agreement includes a 45-day exclusivity period, preventing Findings from engaging other potential acquirers.
Post-closing, Diginex plans to provide additional growth funding to accelerate Findings’ innovation and global reach. The transaction remains subject to due diligence, regulatory clearance and the signing of definitive agreements.
Diginex chairman Miles Pelham said, “We are thrilled about the potential acquisition of Findings, which will bolster our supply chain and risk management offerings. 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.”
Findings CEO Kobi Freedman said, “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, 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.”
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