While I do agree that NETA paid too much for
CYBR, there are other issues here besides last years
revenue.
For one thing, CYBR was growing like
crazy for a year or two and then this winter, they
screwed something up really bad and had to pull their
best selling product off the shelves. This severely
hurt their income and reputation leading to the sharp
price decline. Without this anomally, the revenues for
CYBR certainly could have been much higher - they do
have several decent products and should sell fairly
well under the NETA company name.
Also the
nature of the products is a little different and I think
that CYBR's products were a little more unique and
therefore deserved a bit of a premium. I mean uninstaller
software has been around a while and while it is
important, it isn't ground-breaking. CYBR has a couple
products - Guard Dog and Oil Change that I think do have
more potential, especially when combined with NETA's
other security and management utility
software.
I think both purchases were made to fullfill a need
in the purchasing companies product lines and there
are other things at stake here besides straight
revenue. While it would be very hard to get accurate
numbers NEXT year on these products, I would be very
suprised if the CYBR products still had that low of
revnues.