Triton Fund V advised by Triton (“Triton”) has signed an agreement to acquire Swiss IT Security Group, a leading cyber security services provider in the DACH and Benelux regions, from Ufenau Capital Partners. The transaction is subject to clearance by the relevant authorities.
Cowen acted as Triton’s exclusive M&A advisor during the process.
With the progressing digitalization and interconnectedness of all areas of business and private life, cyber security has increasingly become a mission-critical element of organizations’ day-to-day operations. Swiss IT Security Group is uniquely positioned to address those security demands and has developed into a leader in the space, providing solutions and advice to their customers in an ever-changing environment to safeguard their operations and assets. Triton will accompany Swiss IT Security Group on its further growth path to become a pan-European leader.
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial & technology, services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe. Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvement and growth. The 48 companies currently in Triton’s portfolio have combined sales of around €17.5 billion and employ around 100,000 employees.
Swiss IT Security Group’s vision is to safeguard a world in which all data is adequately protected. Such security needs partners and as the leading cyber security services provider in the DACH and Benelux regions, the company stands for comprehensive security. With approximately 500 own employees, headquartered in Wettingen, Switzerland, the Swiss IT Security Group combines the experience, expertise, resources, and services of a top-class cyber security provider to form a comprehensive service provider. By leveraging innovative solutions and technologies Swiss IT Security Group offers to their customers comprehensive cyber security concepts with a focus on protection, detection and defense.