Investcorp is set to exit SecureLink in a deal with telecoms group Orange, which values the cybersecurity service provider at in €515m.
SecureLink provides cybersecurity infrastructure services including solutions for cloud security, end-point security, internet of things and data security. The company established in 2003 and has 15 offices across eight countries.
The alternatives investor first backed the company in December 2015, with aim of consolidating the European cybersecurity market. Since then, SecureLink has added providers to its platform in Scandinavia, UK and Germany and has expanded its operations in China.
Investcorp co-CEO Hazem Ben Gacem said, “The cybersecurity industry has seen great demand over the past few years, driven by an increasingly digital world.
“Investcorp has been building a strong track record in that industry through investments in a number of identify scalable and profitable businesses across Europe and the US, and SecureLink is a great example of such an investment.
“Since the start of our partnership, the business has more than tripled its revenue and expanded its presence into seven European countries and China. SecureLink stills holds a promising future and we wish them the best of luck.”
Investcorp raised $400m for the final close of its fourth technology-focused fund last year, as it set its sights on tech businesses driven by “global megatrends”.
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