DERRY-based cyber security awareness training firm MetaCompliance has made a key acquisition in Germany.
The company, founded in 2005 and with a staff of more than 120, has bought Increase Your Skills GmbH (IYS), a fast-growing cyber security awareness training business based in Leipzig.
The move not only fortifies MetaCompliance’s foothold in the key German market, but underscores its commitment to seizing the immense potential for rapid expansion.
The acquisition was completed with the backing of London-based private equity tech investor Tenzing, which has supported Meta (www.metacompliance.com) since 2021.
IYS is considered a key player in the German cyber security landscape, offering a spectrum of expert solutions tailored for the public sector and pioneering AI-driven phishing simulation technology.
The acquisition further introduces a strong management team that is poised to spearhead rapid growth in the DACH region (Germany, Austria and Switzerland).
MetaCompliance chief executive James Mackay said: “IYS has demonstrated remarkable growth, underpinned by an unwavering commitment to customer-centricity and relentless product innovation.
“It resonates perfectly with our core values and our shared mission to personalise cyber security training. We’re delighted to integrate their exceptional team and local expertise and look forward to delivering even more advanced solutions throughout the region.”
IYS co-founder Hannes Hartung added: “Becoming part of MetaCompliance is an exciting chapter for us. The depth and breadth of its content, multi-language capabilities, and operational prowess will enable us to provide our customers with a vastly enriched product and service offering.”
In recently-published accounts, the firm’s revenue rose by a third to £16.6m million for the year to March, helping it to record a pre-tax profit of £5.1 million - up 39% on the 2022 equivalent.
