MetaCompliance Partners with Keensight for Global Expansion
Deal News | Dec 09, 2024 | Keensight Capital
MetaCompliance, a Northern Ireland-based cybersecurity and compliance software firm, has partnered with Keensight Capital to drive its next growth phase. The company, known for its user training and human risk management solutions, has more than doubled its workforce over the past three years, expanding across the UK, Europe, the US, and other regions. The partnership with Keensight is set to bolster MetaCompliance's product portfolio, enhance its market share through strategic acquisitions, and expand into new European markets. Keensight, with its extensive network and cybersecurity expertise, will aid MetaCompliance in capitalizing on opportunities and fostering global leadership in the Security Awareness Training market, driven by evolving regulatory demands like GDPR. The acquisition, which involves Keensight taking a significant stake in MetaCompliance, is slated to conclude in the new year, pending regulatory approvals, marking a pivotal milestone in MetaCompliance's growth trajectory.
Sectors
- Cybersecurity
- Software as a Service (SaaS)
Geography
- Northern Ireland – Headquarters location for MetaCompliance, the company at the center of the article.
- United Kingdom – One of the primary markets for MetaCompliance, where it delivers its cybersecurity solutions and training.
- Europe – A significant and expanding market for MetaCompliance's operations and target for future growth endeavors.
- United States – Current and target market expansion area for MetaCompliance's growth strategy.
Industry
- Cybersecurity – This industry focuses on protecting computers, networks, programs, and data from unauthorized access or attacks. MetaCompliance operates within this market, providing cybersecurity and compliance software.
- Software as a Service (SaaS) – This industry involves delivering software over the internet, providing access to software and its functions remotely as a web-based service. MetaCompliance's platform provides cybersecurity training and compliance solutions in a SaaS model.
Financials
- Not Disclosed – The financial terms of the acquisition by Keensight Capital were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MetaCompliance | Target company | Company | A cybersecurity and compliance software company focusing on training and human risk management. |
| Keensight Capital | Bidding company | Company | A private equity firm investing in MetaCompliance to support its growth and market expansion. |
| Tenzing | Selling company | Company | The former partner of MetaCompliance, involved in the transaction as it transitions to Keensight Capital's partnership. |
| James Mackay | CEO at MetaCompliance | Person | Leading the company through this major partnership transition. |
| Jean-Christophe Cini | Director at Keensight Capital | Person | Represents Keensight in the partnership with MetaCompliance, highlighting their growth strategy. |
| Christian Hamilton | CIO and Co-Founding Partner at Tenzing | Person | Reflecting on Tenzing's partnership with MetaCompliance and the transition to Keensight. |