The Riverside Company, a global private investor focused on the smaller end of the middle market, has acquired a controlling stake in Cryptomathic, a leading Danish provider of high-end hardware agnostic secure server solutions to a wide range of industry sectors, including banking, government, technology manufacturing, cloud and mobile.
The market for high-end security software solutions is large, fast growing and resilient. The total addressable market amounted to around EUR5 billion in 2020 and is expected to grow at a CAGR of 20 per cent between 2020 and 2025. Increasing volumes of data needing to be protected and more frequent cyber-attacks with ever greater degrees of sophistication require increasingly powerful solutions such as those provided by Cryptomathic.
Riverside has decades of experience investing in the Software & IT industry. The firm has completed more than 180 investments in this specialisation and has a team of global experts dedicated to growing these companies.
Read more at Private Equity Wire
