Calian article from CantechCalian Group has a 49 per cent upside, says Laurentian Bank In an equity research note to clients on Thursday, Laurentian Bank Securities analyst Nick Agostino counted down the reasons why he likes the latest acquisition by Calian Group (Calian Group Stock Quote, Chart, News, Analysts, Financials TSX:CGY), one which marks its first big move into the United States. With the update, Agostino maintained a Buy rating on CGY while raising his target price from $74.25/share to $80/share for a projected return of 49 per cent. Founded in 1982 and headquartered in Ottawa, Calian Group provides products, business services and solutions to a range of government, defense and commercial customers, with its business segmented into Advanced Technologies, Health, Learning and IT operating units. Calian has a number of partners, including Cisco, Dell, HPE, Microsoft, Oracle, Nutanix, Dave & Busters, Plains All American and Midland Health Systems. Agostinos updated analysis comes after Calian announced a definitive agreement to acquire the assets of Houston-based IT and cyber solutions provider Computex Technology Solutions from American Virtual Cloud Technologies. The acquisition of Computex will bolster CGYs end-to-end model in the IT and Cyber Solutions division, and represents the first major strategic entry for the company into the U.S. market, Agostino said. Agostino said the acquisition has been in the works since American Virtual Cloud Technologies approached Calian in November, as it was looking to divest the asset to fully focus on its cloud communications and collaboration offerings, raise equity to pay off its existing debt and sought out a buyer who would be ready to move quickly. With a cash balance of $78.6 million at the end of its most recent quarter, Calian paid the $38 million transaction fee entirely in cash, with the deal expected to officially close in the second quarter of 2022. All told, Agostino projects the acquisition will increase the companys IT revenue from $108.8 million to $145.4 million, accounting for 23.9 per cent of the companys revenue mix. The deal represents a 0.5x Revenue / 1.3x Recurring Revenue multiple and a 5.1x EBITDA multiple, comparing favourably against the 1.9x sales multiple paid for Dapasoft / iSecurity in February 2021, and historically in-line with the 5x EBITDA multiple Calian has paid for its previous IT-related acquisitions. Calian is moving towards a full-service model that will provide end-to-end IT and cyber solutions for our customers, says Sacha Gera, Calian Groups President of IT and Cyber Solutions in the companys January 26 press release. Were excited about joining forces with Computex to provide an even stronger offering to our combined customer base and the market through an expanded sales distribution network. Calian Group has a 49 per cent upside, says Laurentian Bank In an equity research note to clients on Thursday, Laurentian Bank Securities analyst Nick Agostino counted down the reasons why he likes the latest acquisition by Calian Group (Calian Group Stock Quote, Chart, News, Analysts, Financials TSX:CGY), one which marks its first big move into the United States. With the update, Agostino maintained a Buy rating on CGY while raising his target price from $74.25/share to $80/share for a projected return of 49 per cent. Founded in 1982 and headquartered in Ottawa, Calian Group provides products, business services and solutions to a range of government, defense and commercial customers, with its business segmented into Advanced Technologies, Health, Learning and IT operating units. Calian has a number of partners, including Cisco, Dell, HPE, Microsoft, Oracle, Nutanix, Dave & Busters, Plains All American and Midland Health Systems. Agostinos updated analysis comes after Calian announced a definitive agreement to acquire the assets of Houston-based IT and cyber solutions provider Computex Technology Solutions from American Virtual Cloud Technologies. The acquisition of Computex will bolster CGYs end-to-end model in the IT and Cyber Solutions division, and represents the first major strategic entry for the company into the U.S. market, Agostino said. Agostino said the acquisition has been in the works since American Virtual Cloud Technologies approached Calian in November, as it was looking to divest the asset to fully focus on its cloud communications and collaboration offerings, raise equity to pay off its existing debt and sought out a buyer who would be ready to move quickly. With a cash balance of $78.6 million at the end of its most recent quarter, Calian paid the $38 million transaction fee entirely in cash, with the deal expected to officially close in the second quarter of 2022. All told, Agostino projects the acquisition will increase the companys IT revenue from $108.8 million to $145.4 million, accounting for 23.9 per cent of the companys revenue mix. The deal represents a 0.5x Revenue / 1.3x Recurring Revenue multiple and a 5.1x EBITDA multiple, comparing favourably against the 1.9x sales multiple paid for Dapasoft / iSecurity in February 2021, and historically in-line with the 5x EBITDA multiple Calian has paid for its previous IT-related acquisitions. Calian is moving towards a full-service model that will provide end-to-end IT and cyber solutions for our customers, says Sacha Gera, Calian Groups President of IT and Cyber Solutions in the companys January 26 press release. Were excited about joining forces with Computex to provide an even stronger offering to our combined customer base and the market through an expanded sales distribution network. Computex Technology Solutions primarily serves the U.S. midwest, with a notable footprint in Texas, Minnesota and Florida. The companys solutions cover data Calian Group has a 49 per cent upside, says Laurentian Bank In an equity research note to clients on Thursday, Laurentian Bank Securities analyst Nick Agostino counted down the reasons why he likes the latest acquisition by Calian Group (Calian Group Stock Quote, Chart, News, Analysts, Financials TSX:CGY), one which marks its first big move into the United States. With the update, Agostino maintained a Buy rating on CGY while raising his target price from $74.25/share to $80/share for a projected return of 49 per cent. Founded in 1982 and headquartered in Ottawa, Calian Group provides products, business services and solutions to a range of government, defense and commercial customers, with its business segmented into Advanced Technologies, Health, Learning and IT operating units. Calian has a number of partners, including Cisco, Dell, HPE, Microsoft, Oracle, Nutanix, Dave & Busters, Plains All American and Midland Health Systems. Agostinos updated analysis comes after Calian announced a definitive agreement to acquire the assets of Houston-based IT and cyber solutions provider Computex Technology Solutions from American Virtual Cloud Technologies. The acquisition of Computex will bolster CGYs end-to-end model in the IT and Cyber Solutions division, and represents the first major strategic entry for the company into the U.S. market, Agostino said. Agostino said the acquisition has been in the works since American Virtual Cloud Technologies approached Calian in November, as it was looking to divest the asset to fully focus on its cloud communications and collaboration offerings, raise equity to pay off its existing debt and sought out a buyer who would be ready to move quickly. With a cash balance of $78.6 million at the end of its most recent quarter, Calian paid the $38 million transaction fee entirely in cash, with the deal expected to officially close in the second quarter of 2022. All told, Agostino projects the acquisition will increase the companys IT revenue from $108.8 million to $145.4 million, accounting for 23.9 per cent of the companys revenue mix. The deal represents a 0.5x Revenue / 1.3x Recurring Revenue multiple and a 5.1x EBITDA multiple, comparing favourably against the 1.9x sales multiple paid for Dapasoft / iSecurity in February 2021, and historically in-line with the 5x EBITDA multiple Calian has paid for its previous IT-related acquisitions. Calian is moving towards a full-service model that will provide end-to-end IT and cyber solutions for our customers, says Sacha Gera, Calian Groups President of IT and Cyber Solutions in the companys January 26 press release. Were excited about joining forces with Computex to provide an even stronger offering to our combined customer base and the market through an expanded sales distribution network. Computex Technology Solutions primarily serves the U.S. midwest, with a notable footprint in Texas, Minnesota and Florida. The companys solutions cover data