Frankfurt / Wettingen (Switzerland) July 8, 2021 - Triton Fund V ("Triton"), advised by Triton, and Swiss IT Security Group, a leading provider of IT security solutions and services in Europe, announce their new strategic partnership. Triton will replace Ufenau Capital Partners as majority shareholder.
“Triton traditionally invests in service companies with high growth potential and works in partnership with the management team and employees to unlock this potential. With Swiss IT Security Group, we are now adding a uniquely positioned company to our portfolio that is distinguished by its focus on growth markets and leading expertise coupled with absolute customer focus. We look forward to investing in its continued growth to build a pan-European cybersecurity services provider,” said Peder Prahl, Director of General Partners for the Triton Funds.
Founded in 2017, Swiss IT Security Group is a leading provider of IT security services, offering strategic cybersecurity consulting and implementation support, managed security services and software solutions. The company operates across industries and supports corporations, SMEs and public institutions in protecting their IT infrastructure and combating cybercrime. Swiss IT Security Group currently employs around 600 people in 19 offices in Germany, Austria, Switzerland, Belgium and the Netherlands.
“Swiss IT Security Group is uniquely positioned to meet the day-to-day security needs of enterprises. It has become a leader in this field, providing its customers, in an ever-changing environment, with solutions and advice to protect their operations and assets. We are impressed by the group’s track record and look forward to working with the Swiss IT Security team to strengthen its positioning and value proposition through new service offerings, geographic expansion and entry into adjacent niches,” said Nadia Meier-Kirner, Co-Head Business Services and Partner at Triton.
“Digitization of all aspects of life is advancing and has been further accelerated by the Covid 19 pandemic. The growing digital footprint requires adequate cybersecurity. At Swiss IT Security, we are committed to protecting our customers from cybersecurity threats and are eager to continue our growth and expand our footprint. As such, we are very excited to join the Triton ecosystem, which we see as an opportunity to strengthen our service offerings and support to our customers. The entire management team and I are very excited about the partnership. At the same time, we as Swiss IT Security Group would like to thank the team of Ufenau for the very cooperative partnership in building up our group of companies since 2017 and for their active support in realizing 17 transactions and significantly expanding our range of services.”” said Philipp Stebler, CEO of Swiss IT Security Group.
Since its founding in 1997, Triton has focused on companies in the industrial & technology, services, consumer goods and healthcare sector. The Triton funds invest in medium-sized companies based in Europe and support their positive development. Currently, 48 companies with a total turnover of approximately €17.7 billion and around 100,800 employees are in Triton’s portfolio.
For more information: www.triton-partners.de
About the Swiss IT Security Group
The Swiss IT Security Group offers its customers comprehensive security services and solutions. With around 600 employees and its headquarters in Wettingen (Switzerland), the company combines the know-how, resources and services of a top-class cyber security provider into a comprehensive service provider and, with the help of innovative solutions and technologies, offers its customers overall IT security concepts based on the aspects of protect, detect and defend.
For more information: www.sits-group.ch/en/