TH Global Capital Closes 4 Major M&A Deals in Australia in 4 Months Including the Sale of The Missing Link to Infosys
SYDNEY — TH Global Capital, an award-winning global boutique investment bank with a presence in 13 countries, has closed four high profile deals in the first four months of 2025, including the sale of The Missing Link to Infosys for 120 million AUD. This marks its tenth cross border transaction in Australia over the past 18 months, cementing its position as the mid-market M&A boutique investment bank of choice in Australia and New Zealand.
Article content
Sale of The Missing Link to Infosys – The Missing Link, an award-winning cybersecurity and IT services provider based in Sydney, will join Infosys to deliver cybersecurity solutions and expand Infosys's presence in Australia.
Sale of TMLabs to Coforge – TMLabs, a ServiceNow Elite partner and digital transformation leader headquartered in Sydney, strengthens Coforge's ServiceNow capabilities in Australia and leverages TMLabs' existing contracts.
Sale of Skie to Bluprintx – TH Global Capital's 13th transaction in ANZ and 12th Salesforce deal globally. Skie, a leading Salesforce consulting partner headquartered in Victoria, adds deep expertise to Bluprintx and strengthens its Salesforce capabilities in the APAC region.
Sale of PhoenixDX to Alan Allman Associates – PhoenixDX, a leading low-code product engineering firm based in Sydney, enhances France-based Alan Allman Associates' capabilities and service offerings across the APAC region.
Article content
Article content
Over the past 24 years, TH Global Capital has closed transactions with leading strategic buyers and private equity funds across 29 countries. Notable ANZ deals include:
Article content
Chamonix IT, a leading Digital Engineering and Microsoft partner, on its sale to Synechron
Exposé, a premier AI and Data Science company, on its sale to Synechron
Design + Industry, a world class MedTech Product Design and Engineering consultancy, on its sale to Capgemini
The Lumery, a leading MarTech consultancy, on its sale to Accenture
Leonardo, an Automation, BPM & Business Process Transformation specialist, on its sale to UST
DEK Technologies, a premier Software Engineering and Embedded Systems specialist, on its sale to Endava
Enable, a leading global ServiceNow partner, on its sale to Fujitsu
Tenzing, a Management and Technology consultancy, on its sale to Tech Mahindra
Article content
Vivek Subramanyam
Article content
, Founder and CEO of TH Global Capital, said, 'Our success in the ANZ region is a testament to our deep market knowledge and extensive global network of buyers and investors. We remain the trusted advisor of choice in the region and globally, committed to driving strategic transactions that create long-term value for our clients.'
Article content
, Director and Head of TMT, ANZ at TH Global Capital, added, 'The ANZ region is experiencing a surge in M&A activity, fuelled by innovation and strong investor appetite. We're proud to be at the forefront of this momentum, advising businesses and connecting them with the right capital and strategic partners globally.'
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
26 minutes ago
- Globe and Mail
Plurilock Security Inc. Reports Second Quarter Fiscal 2025 Financial Results
Management will host a conference call on Wednesday, August 20, 2025, at 11am ET 159% increase in Critical Services revenue year-over-year 42% improvement in Adjusted EBITDA loss year-over-year Second half to benefit from seasonal budget flows and ongoing strategic initiatives Vancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces its financial results for the three and six-months ended June 30, 2025 ("Q2 2025"). All dollar figures are stated in Canadian dollars, unless otherwise indicated. "In Q2, we continued to grow our Critical Services business," said Ian L. Paterson, CEO of Plurilock. "While a one-time, lower-margin resale order impacted overall margins this quarter, our strategy of margin expansion, led by Critical Services, remains strong. Recent meetings with top cybersecurity leaders and officials in Ottawa, Brussels, and at Black Hat reinforce our credibility and underscore the unprecedented levels of allied government investment in cyber and defense, areas where Plurilock is uniquely positioned to capture a meaningful share." Q2 2025 Financial Highlights Total revenue for the three and six months ended June 30, 2025, was $16,404,963 and $35,445,577 as compared to $14,305,546 and $27,140,854 for the three and six months ended June 30, 2024. Revenue for the three and six months ended June 30, 2025, is significantly higher comparative as a result of the timing on a few large orders, and significant growth in professional services along with revenue recognition of software over time. Hardware and systems sales revenue for the three and six months ended June 30, 2025, totalled $1,350,705 and $4,070,937 compared to $2,167,319 and $3,529,551 respectively in the comparative period ended June 30, 2024. Software, license, and maintenance sales revenue for the three and six months ended June 30, 2025, was $10,785,841 and $23,367,659 compared to $10,492,062 and $20,557,340 in the comparative period. Professional services revenue was $4,268,417 and $8,006,981 for the three and six months ended June 30, 2025, compared to $1,646,165 and $3,053,963 in the three and six months ended June 30, 2024. Hardware and systems sales revenues for the three and six months ended June 30, 2025, accounted for 8.2% and 11.5%, respectively, of total revenues compared to 15.2% and 13.0%, respectively, for the three and six months ended June 30, 2024. Software, license and maintenance sales revenues for the three and six months ended June 30, 2025, accounted for 65.7% and 65.9%, respectively, compared to 73.3% and 75.7%, respectively, for the three and six months ended June 30, 2024. Professional services revenue for the three and six months ended June 30, 2025, accounted for 26.0% and 22.6%, respectively, of total revenues, compared to 11.5% and 11.3%, respectively, for the three and six months ended June 30, 2024. Gross margin for the three and six months ended June 30, 2025, was 12.0% and 12.1% compared to 14.7% and 14.4% for the three and six months ended June 30, 2024. Adjusted EBITDA for the three and six months ended June 30, 2025, was $(1,400,359) and $(2,675,180) compared to $(2,422,291) and $(1,643,193) during the same period in the prior year. Cash and cash equivalents and restricted cash on June 30, 2025, was $1,739,643 compared to $1,419,463 on December 31, 2024. The Company has an additional $8,547,804 in unused credit facilities. During the three and six months ended June 30, 2025, the Company generated $47,795 and used $5,087,345 of cash from operating activities compared to $1,552,516 and $1,973,631 use of cash during the same periods in the prior year. Q2 2025 Operational Highlights April 2, 2025: $5.9 Million in new contracts across several Federal and Public Sector Clients April 16, 2025: Presenting at Planet MicroCap and Attending RSAC(TM) 2025 Conference April 17, 2025: Corporate Update - Strategic Focus, Sector Strength, and Margin Expansion May 1, 2025: Plurilock Security Inc. Reports Fiscal 2024 Financial Results June 2, 2025: Plurilock Security Inc. Reports Record First Quarter Fiscal 2025 Financial Results June 5, 2025: $1.3M in New Critical Services Contracts Across U.S. Commercial Clients June 25, 2025: Results of Annual General Meeting June 26, 2025: $2.54 Million CAD Sale to NASDAQ-Listed Enterprise for AI Cybersecurity Subsequent to Q2 2025 Operational Highlights July 10, 2025: Plurilock Named Certified Services Partner for Forcepoint Outlook Plurilock reiterates its 2025 growth strategy focused on higher margin offerings, led by Critical Services, and maintaining a strong liquidity profile. The Company continues to build a healthy pipeline across enterprise, defense, and public sector markets, with line of sight to second-half activity benefiting from seasonal budget flows and ongoing strategic initiatives. These opportunities are driven by trusted client relationships, partner pull-through, and targeted business development aimed at securing multi-year, recurring contracts. Internationally, Plurilock is advancing into NATO, Middle East, and other non-U.S. defense markets, leveraging its track record with Canadian and U.S. federal clients to enter NATO-aligned markets and pursue joint defense bids with major integrators. Recent meetings with senior public sector cybersecurity leaders and procurement officials in Ottawa and Brussels reinforced Plurilock's credibility and positioning to benefit from unprecedented levels of allied government cyber and defense spending. These initiatives align with the Company's proven approach, starting with smaller, high-trust Critical Services engagements and expanding into multi-year, enterprise-scale contracts. The Company's balance sheet remains stable, with cash on hand and unused credit capacity providing sufficient liquidity. The Company has also made improvements in how working capital is managed, shortening payment terms with key customers, pulling forward cash, and tightening contractor payments. At the same time, the Company is more selective on which federal sales opportunities we pursue, reallocating resources to higher-margin Critical Services and commercial opportunities. Combined with changes in revenue recognition and a more selective, strategic bidding approach, these shifts are smoothing revenue and supporting healthier margins over time. Q2 2025 Financial Results Webinar Details Plurilock's CEO Ian L. Paterson and CFO Scott Meyers will host a live webinar on Wednesday, August 20, 2025, at 11am ET to review the results, provide Company updates and answer investor questions following the presentation. A recording of the webinar and supporting materials will be made available on the investor relations page of the Company's website. Summary of Key Financial Metrics Three months ended June 30, Six months ended June 30, Restated-Note 26 Restated-Note 26 2025 2024 2025 2024 $ $ $ $ Revenue 16,404,963 14,305,546 35,445,577 27,140,854 Hardware and systems sales 1,350,705 2,167,319 4,070,937 3,529,551 Software, license and maintenance sales 10,785,841 10,492,062 23,367,659 20,557,340 Professional services 4,268,417 1,646,165 8,006,981 3,053,963 Gross margin (%) 12.0% 14.7% 12.1% 14.4% Net loss for the period (2,230,829) (3,733,983) (5,243,192) (5,536,232) Basic and diluted loss per share - for the period (0.03) (0.10) (0.07) (0.27) EBITDA (1) (1,945,546) (3,416,800) (4,104,462) (4,576,128) Reconciliation of EBITDA: Net loss for the period (2,230,829) (3,733,983) (5,243,192) (5,536,232) Foreign exchange translation gain/(loss) 89,039 (36,779) 679,992 86,206 Amortization 46,730 81,416 149,238 186,272 Interest expenses 139,670 262,485 299,656 679,144 Impairment on assets - 1,579 - - Adjusted EBITDA (1) (1,400,359) (2,422,291) (2,675,180) (1,643,193) Reconciliation of adjusted EBITDA: EBITDA (1) (1,945,546) (3,416,800) (4,104,462) (4,576,128) Stock-based compensation 209,093 377,959 433,435 438,798 Financing expenses 15,550 215,285 241,367 219,128 Acquisition-related expenses 41,609 87,975 108,552 92,255 Investor relations 278,935 313,290 647,597 365,284 Loss (gain) on disposal of assets - - - 1,817,470 June 30, 2025 December 31, 2024 $ $ Cash and cash equivalents 1,719,643 1,399,463 Restricted cash 20,000 20,000 Total current assets 25,092,452 30,510,681 Total assets 28,681,606 34,473,190 Total current liabilities 30,986,804 39,266,753 Total liabilities 31,341,919 39,614,489 Weighted average common shares outstanding (millions) 78.5 37.5 Note: (1) Non-GAAP measure. Earnings before interest, taxes, depreciation, and amortization (" EBITDA") and Adjusted EBITDA should not be construed as alternatives to net income/loss determined in accordance with IFRS. EBITDA and Adjusted EBITDA do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as earnings before interest, taxes, and amortization. Adjusted EBITDA is defined as EBITDA before stock-based compensation, financing, and acquisition related expenses. The Company believes that EBITDA and Adjusted EBITDA is a meaningful financial metric for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. Non-IFRS measures This news release presents information about EBITDA and Adjusted EBITDA, both of which are non-IFRS financial measures, to provide supplementary information about operating performance. Plurilock defines EBITDA as net income or loss before interest, income taxes, depreciation, and amortization. Adjusted EBITDA removes non-cash share-based compensation, financing, investor relations and acquisition-related expenses from EBITDA. The Company believes that EBITDA and Adjusted EBITDA is a meaningful financial metric for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. EBITDA and Adjusted EBITDA are not intended as a substitute for IFRS measures. A limitation of utilizing these non-IFRS measures is that the IFRS accounting effects of the adjustments do in fact reflect the underlying financial results of Plurilock's business and these effects should not be ignored in evaluating and analyzing Plurilock's financial results. Therefore, management believes that Plurilock's IFRS measures of net loss and the same respective non-IFRS measure should be considered together. Non-IFRS measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Readers should refer to the Company's most recently filed MD&A for a more detailed discussion of these measures and their calculations. Quarterly Filings Management's Discussion and Analysis and Interim Condensed Consolidated Financial Statements and the notes thereto for the fiscal period ended June 30, 2025, can be obtained from Plurilock's corporate website at and under Plurilock's SEDAR+ profile at About Plurilock Plurilock is a services-led, product-enabled, AI-native cybersecurity company that solves complex cyber problems in high-stakes environments where failure isn't an option. Trusted by Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises, we defend critical infrastructure and safeguard the systems that power modern life. Our Critical Services division delivers operational resilience through unmatched expertise, proprietary IP, and AI-driven playbooks. For more information, visit or contact: Ian L. Paterson Chief Executive Officer ian@ 416.800.1566 Ali Hakimzadeh Executive Chairman ali@ 604.306.5720 Sean Peasgood Investor Relations sean@ 647.953.5607 Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at
Globe and Mail
2 hours ago
- Globe and Mail
SSC Security Services Corp. Reports Strong Third Quarter Results with Improved Margins, Higher Adjusted EBITDA, and Continued Share Buybacks
REGINA, SK , /CNW/ - SSC Security Services Corp. (" SSC" or the " Company") (TSXV: SECU) (OTCQX: SECUF), a national provider of cyber, physical and electronic security services to commercial, industrial and public sector clients across Canada , is pleased to release its results for the third quarter ended June 30, 2025 . All figures are presented in Canadian dollars. "Our third quarter results came in as expected. We continue to see improved profitability from stronger margins as a result of our careful expense management. Gross margin has continued to strengthen, and our base business of recurring revenue continues to grow profitably. We like it when temporary contracts come in the door and they add nicely to our top line picture, however, more important is strong ongoing operational management and gross margin growth within our baseline recurring monthly revenue. As we continue to grow, we see that the size and scale of our operations nicely positions us for the temporary opportunities as they arise," said Chairman and CEO Doug Emsley . "We continue to buy back our shares and take a disciplined approach to acquisitions. Our objective is always to protect our cash and be opportunistic in our efforts to grow the Company. We continue to be well capitalised and debt free. One important point that often goes unmentioned is that, over the past several years, we've returned $55.4 million dollars to shareholders through share buybacks and dividends while consistently operating a profitable business. It's a track record we're extremely proud of," said Emsley. Key Highlights for Q3 2025: Key Performance Indicators for the comparable periods are summarized below: Key Performance Indicators Quarter ended June 30 Nine months ended June 30 (All amounts are in thousands of Canadian dollars unless otherwise indicated) 2025 2024 2025 2024 Revenue 30,177 29,726 87,048 91,010 Cost of sales 24,893 25,012 72,495 76,668 Gross margin 5,284 4,713 14,553 14,343 Gross margin (%) 17.5 % 15.9 % 16.7 % 15.8 % Comprehensive net income (loss) 58 26 (57) 742 Comprehensive net income (loss) per share - basic $0.00 $0.00 $(0.00) $0.04 Adjusted net income 779 715 1,778 1,510 Adjusted net income per share - basic $0.04 $0.04 $0.10 $0.08 Adjusted EBITDA 1,445 1,265 3,650 3,766 Adjusted EBITDA per share - basic $0.08 $0.07 $0.20 $0.20 REVENUE, GROSS PROFIT & NET INCOME Revenues for the quarter ended June 30, 2025 , were $30.2 million compared with $29.7 million during the quarter ended June 30, 2024 , an increase of $0.5 million (revenue increase of 1.7%). The increase in revenues over the same period last year is attributed to internally generated organic growth. Gross profit for the quarter ended June 30, 2025 was $5.3 million (17.5% of revenue) compared to $4.7 million (15.9% of revenue) during the same quarter last year. We continue to see steady improvement in our gross profit margin percentages. These improvements are a result of the continued focus on operating efficiencies and cost reduction initiatives. Comprehensive net income for the quarter ended June 30, 2025 was $0.0 million (profit of $0.00 per share), unchanged from net income the same quarter last year of $0.0 million (profit of $0.00 per share). ADJUSTED NET INCOME & ADJUSTED EBITDA Adjusted EBITDA is the primary KPI used by the Company to measure the financial performance of the Company. Adjusted EBITDA for the quarter ended June 30, 2025 , was $1.4 million ( $0.08 per share), compared with the adjusted EBITDA of $1.3 million ( $0.07 per share) for the prior year third quarter ended June 30, 2024 (this represents a 14.3% increase in Adjusted EBITDA per share). Adjusted net income for the quarter ended June 30, 2025 was $0.8 million (profit of $0.04 per share), compared to an adjusted net income in the same quarter last year of $0.7 million (profit of $0.04 per share). A reconciliation of earnings to adjusted net income and Adjusted EBITDA is provided in the Non-IFRS section of the MD&A published concurrently with this press release. * BALANCE SHEET Key balance sheet items are summarized below: Statements of Financial Position As at As at June 30, 2025 June 30, 2024 Cash 9,634 12,367 Accounts receivable 23,222 23,176 Legacy business assets 6,075 6,719 Working capital 25,354 26,523 Long-term debt 0 0 Total assets 78,551 81,181 Total liabilities 16,746 15,682 Total shareholders' equity 61,805 65,499 Common shares outstanding 18,302 18,816 UPDATE ON NORMAL COURSE ISSUER BID During the quarter ended June 30, 2025 , we bought back 140,900 shares at an average price of $2.42 per share (same quarter last year: 116,800 shares at an average price of $2.59 per share). All shares bought back under the normal course issuer bid have been cancelled. We continue to believe that our shares have been trading in a price range which does not adequately reflect their value and that the purchase of shares under the NCIB enhances remaining shareholder value. Since 2017, the Company has cancelled nearly 48% of its outstanding shares through buybacks. OUTLOOK We are seeing continued growth in demand for the kind of innovative and cost-effective security services and solutions that we offer at SSC. Our ability to combine physical and electronic security services in a fully integrated way is the future of our industry. Additional growth may also come via acquisition, as we look to acquire other profitable companies in the Canadian security industry. Acquisitions may help us reach our growth targets more quickly, but we will not rush to complete new deals, and we will maintain our financial conservatism throughout. Most of our remaining legacy assets are expected to convert to cash over the next year. Our objective is to make these resources available for the expansion of our security business. We also plan to continue to distribute capital to shareholders via our dividend, operate with minimal to no debt while maintaining solid liquidity, focusing on maintaining strong margins, and maximizing our Adjusted EBITDA per share. ABOUT SSC SSC Security Services Corp. is a national provider of cyber, physical and electronic security services to corporate and public sector clients across Canada . For more information, please visit NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward Looking Statements This release includes forward-looking statements regarding SSC and its business. Such statements are based on the current expectations and views of future events of SSC's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting SSC, including risks regarding the security industry, the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of SSC. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and SSC undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. * Non-IFRS Measures SSC measures key performance metrics established by management as being key indicators of the Company's strength, using certain non-IFRS performance measures, including: EBITDA, EBITDA per share, Adjusted EBITDA, Adjusted EBITDA per share, Adjusted Net Income, Adjusted Net Income per share. The Company uses these non-IFRS measures for its own internal purposes. These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and these measures may be calculated differently by other companies. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Company provides these non-IFRS measures to enable investors and analysts to understand the underlying operating and financial performance of the Company in the same way as it is frequently evaluated by Management. Management will periodically assess these non-IFRS measures and the components thereof to ensure their continued use is beneficial to the evaluation of the underlying operating and financial performance of the Company. For more detailed information, please refer to the Company's Management Discussion and Analysis dated August 19, 2025 available on the Company's website at and on SEDAR+ at
CTV News
8 hours ago
- CTV News
Nova Scotia Power granted extension to provide information on cybersecurity breach
Nova Scotia Power, which was originally ordered to provide a litany of information on the cybersecurity breach no later than Aug. 15, now has until early September to file the report. The Nova Scotia Energy Board, which is conducting a full investigation into the cyberattack last March, ordered the power utility to submit a detailed report on the incident, along with monthly updates, this year. On July 24, it also asked Nova Scotia Power to provide answers to a list of questions, including: when was the breach detected? how many current and former customers were impacted? what is the communication policy for a cyberattack? which customer services were affected by the breach? if a customer requested it, could the utility provide details about their specific compromised personal information? On Aug. 14, a day before Nova Scotia Power was scheduled to submit answers to these questions, the utility requested an extension to Sept. 5. 'Given that NS Power's investigation into the incident is ongoing and work in relation to the cybersecurity matter continues, additional time is required in the circumstances to enable NS Power to address the IRs (information requests) appropriately,' a letter from the utility reads. The Energy Board granted the extension request, but noted it would appreciate if Nova Scotia Power could provide responses prior to Sept. 5. 'These information requests seek information frequently requested by NS Power's customers in their letters and emails to the Board expressing concerns, frustrations, and complaints about the compromise and misuse of their personal information, the risks relating to the release of their personal information, and difficulties encountered in communications with the credit monitoring service engaged by NS Power,' a letter from Energy Board reads. 'The Board intended that NS Power's responses to these questions would be available to customers who may be seeking answers to the questions that many of them are asking.' The Energy Board had previously ordered the utility to file its monthly updates starting Aug. 1, but Nova Scotia Power requested an extension on that as well. History of cyberattack Nova Scotia Power detected 'unusual activity' on its network on April 25, but later learned the breach actually happened on or around March 19. It informed the public about the 'sophisticated ransomware attack' on May 23. The utility previously said up to 280,000 customers were affected by the attack, which possibly compromised names, phone numbers, email addresses, social insurance numbers and mailing addresses. Nova Scotia Power is offering five years of free credit monitoring to all current and former customers. It also said it would delete all social insurance numbers of customers from its files. Along with the Energy Board, the Office of the Privacy Commissioner is also investigating the cyberattack. For more Nova Scotia news, visit our dedicated provincial page
