DKA Capital exits Secunia
Danish growth capital firm DKA Capital has sold IT company Secunia to US trade buyer Flexera Software.
DKA – formerly Dansk Kapitalanlæg – exited the company five years after it first backed Secunia, taking a 31% stake in October 2010.
The exit sees just KA Interiør left in the GP's only fund, its 2006-vintage DKA II vehicle. The GP is not currently raising a new vehicle.
In addition to DKA, fellow Secunia investor Damgaard Company also exited in the sale. The company will gradually be merged with Flexera, though Secunia's Copenhagen offices and employees will be retained.
Company
Founded in 2002, Secunia is a provider of IT security services and software asset management. The business is headquartered in Copenhagen, with an additional office in Minneapolis.
In 2014, Secunia posted revenues of DKK 72m and gross profit of DKK 60m.
People
Jesper Johansen is a partner at DKA. Peter Colsted is the CEO of Secunia.
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