Triton completes acquisition of Swiss IT Security Group
Frankfurt (Germany) / Wettingen (Switzerland), 22 October 2021 – Triton Fund V advised by Triton (“Triton”) has successfully completed the acquisition of Swiss IT Security Group, a leading cyber security services provider in the DACH and Benelux regions, from Ufenau V German Asset Light, SLP, a fund exclusively advised by Ufenau Capital Partners. Terms of the transaction are not disclosed.
Established in 2017 and headquartered in Wettingen, Switzerland, Swiss IT Security Group today is a leading cyber security services provider in its core markets, providing strategic cyber security consulting and implementation support, managed security services and software solutions. The company is active across all business sectors, serving corporations, SMEs and public institutions by protecting their IT infrastructure and combating cybercrime with specialist solutions and services. Swiss IT Security Group has approximately 500 permanent employees across its 19 offices in Germany, Austria, Switzerland, Belgium and the Netherlands.
About Swiss IT Security Group
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.
For further information: www.sits-group.ch/en/
About Triton
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 50 companies currently in Triton's portfolio have combined sales of around EUR 18.1 billion and employ around 104,500 employees.
For more information: www.triton-partners.com
