Keensight Capital has acquired a stake in I-Tracing (“the company”), an independent specialist in cybersecurity solutions. As a new shareholder in the company, Keensight Capital joins the two founding managers, Théodore-Michel Vrangos and Laurent Charveriat.
Based in Puteaux, France, with more than 100 employees, I-Tracing is a company specializing in the security and traceability of digital information, with a service offering structured around four areas of expertise: audit & forensics: IT systems vulnerability testing and weak points analysis; integration: integration partnerships with specialised publishers; managed services: maintenance and operation of security systems; and SOC (Security Operations Center): incident prevention, detection and correction.
The company currently works with more than 100 active clients that it has successfully supported on more than 3 000 projects since 2005, among which many major groups listed on the CAC40 index, across a wide range of sectors.
Driven by its uninterrupted success since its creation in 2005, the company recorded a 40% average annual growth rate (CAGR) of revenue between 2005 and 2016 and reached €16 million of revenue in 2016. I-Tracing will now build upon its expertise and a buoyant market to accelerate its development over the coming years.
The company also has offices in London and Hong Kong.
Philippe Crochet, Partner at Keensight Capital, says: “This investment in I-Tracing perfectly illustrates our strategy of investing in pure-player leaders with unique know-how and recognised expertise in a sector showing strong growth. Faced with a boom in cyber-attacks and the growing needs of companies in terms of cybersecurity, we are confident in the future growth outlook of I-Tracing, which can also rely on its strong assets to accelerate its international development.”
