VRA Advises Simpluris on its Sale to CyEx

VRA is pleased to announce that Simpluris, Inc. ("Simpluris" or "the Company") has completed a strategic sale to CyEx, a subsidiary of Pango Group. VRA acted as the exclusive financial advisor to Simpluris. Terms of the transaction were not disclosed.

Simpluris is an industry leader in class action settlement administration for the public sector across various verticals, notably employment and consumer litigation. Simpluris will continue to be run by its experienced leadership team. The acquisition will enable CyEx, a leading provider of cyber and data breach response solutions, to expand its footprint in the Data Breach, Cyber Security and Privacy litigation channels which will broaden its access to new channels and provide vital data breach restitution to more customers.

"VRA's quick ability to understand our business and effectively position it allowed us to complete a transaction with a highly complementary partner, laying the groundwork for the next chapter of growth for the Company," said Simpluris CEO & President, Kevin Lee.

"The Simpluris team, led by Kevin Lee, has built a best-in-class settlement and claims administration business. Its combination of service excellence and technology has proved to be a competitive advantage over competitors in the industry. We're excited to see what they'll accomplish next in partnership with CyEx," said VRA Managing Director, Brock Matthias.