Tera Group Becomes Major Shareholder by Acquiring 60% Stake in Barikat Group
Foreks - Barikat Group has signed a strategic partnership agreement with Tera Group, known for its innovative works in technology and digital transformation. As part of the agreement, Tera Group has acquired a 60% stake in Barikat Group, becoming the majority shareholder. This significant development is seen as a major step towards increasing Turkey's competitiveness in the field of cybersecurity. The collaboration aims to strengthen both companies' positions in local and global markets by combining their expertise and resources.
Details of the strategic partnership between Barikat and Tera Group were shared with the press at a press conference held on November 7, 2024, at Feriye. The partnership agreement announced on August 16 on the Public Disclosure Platform (KAP) holds great importance in both the industry and investment circles, as Tera Holding, Tera Venture Capital Investment Partnership, and Tech Invest Venture Capital Investment Fund aim to enhance Barikat's growth potential by adding a 60% stake to their portfolio.
Moreover, this partnership will provide the necessary resources and power to rapidly achieve strategic goals and allow companies to offer innovative solutions to a wider audience at a time when the importance of digital security is increasing.
Barikat Group CEO Murat Hüseyin Candan stated that the partnership with Tera Group marks a significant turning point for the company's growth strategies. Candan said, "This partnership will support Barikat Group in becoming an effective player not only in Turkey but also on the international stage. This strong cooperation we have established with Tera Group will solidify our corporate structure and offer us the opportunity to bring our products and services to broader markets. We will continue to enhance the value of our brand and strengthen our leading role in the industry with the contributions of our employees. Additionally, this partnership will allow us to allocate more resources to our innovation and R&D efforts."
Barikat Group, with its long-standing experience in developing and implementing cybersecurity solutions, is among the most established and reliable cybersecurity companies in Turkey. The company plays a critical role in ensuring corporate security by offering specialized solutions across various industries, especially in the financial sector. The agreement with Tera Group will create crucial opportunities for Barikat Group to strengthen its technological infrastructure, diversify its products, and enhance its competitive edge.
Tera Group & Barikat Group Board Chairman Emre Tezmen expressed that this collaboration with Barikat Group will pave the way for future successes for both companies, adding, "This strategic partnership with Barikat Group provides a significant opportunity to further expand our experience and capacity in the cybersecurity field. The expertise and innovative approaches of Barikat Group align with Tera Group's growth vision. This merger will enable us to achieve a stronger position in the cybersecurity sector within both local and global markets. The projects we will undertake with Barikat Group in the future will allow us to reach broader audiences with our digital security solutions."
The partnership between Barikat Group and Tera Group aims to strengthen Turkey's digital infrastructure and cybersecurity capacity. As part of this goal, investments in R&D activities and support for local employment are projected to increase. With the partnership agreement, investments in Barikat Group's R&D centers aim to nurture young talents and bring expert cybersecurity professionals into the industry.
This agreement holds great importance for Turkey in terms of utilizing domestic resources more effectively in the cybersecurity sector and increasing its independence. The strategic partnership between Barikat Group and Tera Group is seen as a long-term investment directed towards developing Turkey's cybersecurity infrastructure. Both companies assert that this agreement will enhance Turkey’s resilience against cyber threats by supporting local solutions and solidifying the country's leadership position in digital security.
Murat Hüseyin Candan, CEO of Barikat Group, stated, "Our partnership will enable us to provide safer and more advanced solutions to both industry and public and private sector partners. Together with Tera Group, we will establish a sustainable framework for maintaining Turkey's leadership in cybersecurity."
Emre Tezmen, Chairman of Tera Group & Barikat Group, further noted, "This collaboration is not just about combining the strengths of two companies; it also carries the mission of making Turkey's technological infrastructure stronger and more reliable. We firmly believe that our joint projects will add value to our country and the sector."
The strategic partnership between Barikat Group and Tera Group will enhance competitive strength in both local and global markets, paving the way for new projects and collaborations in the cybersecurity sector.