Keensight backs I-Tracing

Financial details were not disclosed. According to a source close to the situation, Keensight secured a minority stake in the business. The remainder of the shares are owned by the founders and managers.

Keensight held a final close for its latest fund, Keensight IV, on its hard-cap of €250m in 2014 after less than six months on the road. The vehicle is the first fund raised by Keensight since its separation from Rothschild in 2013 and is the fourth vehicle to be managed by the firm since its establishment as R Capital in the late 1990s.

Keensight IV invests €10-30m in European companies with revenues of €15-250m. It can take either minority or majority investments in all-equity or leveraged deals.

Company
Established in 2005, I-Tracing specialises in cybersecurity services in four main areas: audit and forensics; integration; maintenance and operation of security systems; and incident prevention, detection and correction.

Based in Puteaux with 100 staff, I-Tracing generates €16m in revenues last year and is aiming to take this to €70m by 2022.

People
Keensight Capital – Philippe Crochet (partner).

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• Topics
• Expansion
• France
• Technology
• Keensight Capital