TIIN acquires Lantech to merge with Felton

Felton was acquired by TIIN-backed Cloud Security Group in June 2020. The firm expects to add two more companies to the group in an effort to create a company with a target turnover of €50m.

TIIN set up a fund to finance its plans, named Dutch Security TechFund, which held a first close on €25m in December 2019. Participating in the fund were KPN Ventures, Innovation Quarter, Zuid-Hollandse Ontwikkelingsmaatschappij and private investors.

Company
Founded in 1972, Lantech is an IT security company based in Kentucky.

People
Lantech – Jim Lancaster (CEO).

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• Topics
• Expansion
• Benelux
• Technology
• Netherlands
• Buy-and-build
• Build-up