Rank One Computing announces acquisition of digital forensics firm ZTC for $500,000 cash and $2.5M in restricted stock.
Rank One Computing (ROC) will acquire Zuccaro Technical Consulting (ZTC), a provider of digital forensics solutions and software engineering services to U.S. federal agencies. The deal values ZTC at $3M, comprising $500,000 in cash and approximately $2.5M in restricted common stock.
ROC shares fell 15% following the announcement, though prior trading data and consensus expectations for the deal were not disclosed. ZTC’s focus on federal contracts may expand ROC’s addressable market in government sectors.
No immediate market reaction details beyond the share price drop were provided.