Paris-based private equity firm Keensight Capital has signed an exclusivity agreement to acquire a majority stake in Northern Irish tech business MetaCompliance.
MetaCompliance, founded in 2005 and based in Londonderry, specialises in cybersecurity awareness and compliance software. Its platform trains employees to recognise and mitigate cyber threats while ensuring organisations meet complex regulatory requirements.
The company has been backed by London-based growth equity investor Tenzing since 2021. Over the past three years, MetaCompliance has more than doubled its size, expanding to over 200 employees and serving blue-chip enterprises and mid-market customers across Europe, the UK and beyond.
It has achieved this in part through strategic acquisitions in Denmark and Germany while enhancing its operational capabilities with the establishment of an offshore development centre in Portugal.
“We’re incredibly grateful to Tenzing for their partnership, which has been pivotal in driving MetaCompliance’s growth and success,” said James Mackay, CEO.
“As we welcome Keensight Capital as our new equity partner, we’re excited to accelerate our mission and take the business to the next level with their expertise and support.”
Milan Kellner, investment lead at Tenzing, added: “MetaCompliance is an exceptional business, and we are extremely proud to have been part of their success story. Our mission was to support the management team on their journey to becoming the European leader in Human Risk Management, and we’re excited to see their success grow further with Keensight.”
Jean-Christophe Cini, director at Keensight Capital, said: “We are excited to partner with James and the MetaCompliance team. As leaders in cybersecurity awareness training, they have already shown they can thrive in this fast-growing space. We can’t wait to support their next phase of growth.”
The acquisition is expected to complete in the new year subject to customary regulatory approvals.