NCC Group Sells Escode: A Strategic Shift

NCC Group has made a big move. They sold their software escrow and verification business, Escode, for a huge sum. This sale is part of a bigger plan. NCC wants to focus on their main business. That's cybersecurity. The sale is worth $369. 4 million. NCC will get about 262. 4 million pounds after taxes. They plan to give some of this money back to their shareholders. They also announced a share buyback. This means they will buy back some of their own shares. The sale is not final yet. It needs approval from regulators. It could take until April 30, 2026 to complete.NCC's CEO, Mike Maddison, said this sale will help them grow. They can now focus on their core business. But what does this mean for the future? Will this sale help NCC grow faster? Or will they face new challenges? NCC's stock price went up after the announcement. But it has been down in the past. This shows that investors are hopeful. But they also have concerns. This sale is part of a bigger review. NCC is also looking at their cybersecurity business. This could lead to more changes in the future.