UFENAU TAKES A MAJORITY SHARE IN EXECURE WITH SWISS IT SECURITY AG
Ufenau Capital Partners has taken a majority share in execure along with Swiss IT Security AG. execure, which was founded in 2002, is one of the market leaders in the field of IT cybersecurity services in Switzerland. The company looks after numerous well-known clients, including clients from the insurance, pharmaceutical and retail segment. execure offers its customers a comprehensive and highly innovative portfolio of services from a single source. This includes a 24/7 IT security support service, managed security services as well as consulting, planning and implementation of the IT security architecture.
‘I am delighted to have found an experienced, well-capitalised partner for the implementation of the buy and build strategy in the DACH region, in order to write another chapter of our successful company history,’ says Philipp Stebler, CEO
of Swiss IT Security AG.
‘Growing digitisation, increasing frequency of extensive cyber attacks as well as the strongly fragmented market for IT security services offers an ideal starting position to develop a leading group in the field of IT cybersecurity through organic growth and purchases. We will use these opportunities for growth from execure together with Philipp Stebler and his top-class team in order to bring the company forward together,’ explains Ralf Flore, Managing Partner at Ufenau.
Sancovia provided the buyers with support in financial due diligence and contract negotiations.