Utimaco, an Aachen, Germany-based provider of cybersecurity solutions, receives an investment of undisclosed amount.
The round was led by new backer EQT Mid Market, which acquired a majority stake in Utimaco from Pinova Capital, BIP Investment Partners and Management. The above sellers have re-invested significant parts and remained minority investors.
The company intends to use the funds to further accelerate growth worldwide with a particular focus on expanding its presence in North America, through organic and inorganic growth opportunities.
Led by CEO Malte Pollmann, Utimaco provides hardware security modules (HSMs) and compliance solutions for telecommunication provider regulations (LIMS).