Consulting company Silicom and e-learning SaaS platform Seela have announced their merger to create Pr0ph3cy Group (Pr0ph3cy), a provider of IT and cybersecurity services in France.
Pr0ph3cy will serve large private groups and government agencies to provide solutions for their critical security needs and will offer an e-learning platform aimed at upskilling or reskilling IT, network and cyber professionals.
By anchoring the Start-up mindset with a well-established SME in the French ecosystem, Silicom and Seela will demonstrate with this new group their ambition to actively participate in the emergence of European industrial sovereignty.
The Group has signed an agreement with IK Partners (IK) who will acquire a significant minority stake in the Group alongside Arthur Bataille, who will retain control and management of the business.
The transaction was led by IK’s Development Capital team and is the first investment from the dedicated pool of Development Capital in the IK Small Cap III Fund, which held a final close at its hard cap of EUR1.2 billion earlier this year.
Arthur Bataille, Founder and CEO of Pr0ph3cy Group, says: “Pr0ph3cy is a vision, a concept around innovation and the evolution of the cybersecurity market in France and internationally. As the market continues to evolve it is a decisive moment in our development. While cyber issues gain dominance, the French government is aware of the importance of reinforcing the digital security of organisations. The time has come to invest with the goal to create and promote French and European champions. To this end, we must also foster employment and training of cyber jobs in the context of talent shortage.”
Pierre Gallix, Partner at IK Partners and Advisor to the IK Small Cap III Fund, says: “Pr0ph3cy benefits from tremendous potential in its two business lines. We have every confidence that Arthur and his team will actively contribute to the rise of the cybersecurity market and we are very happy to support him in the deployment of his strategy.”
