Intragen, a premium cybersecurity services consultancy and systems integrator, announces that it has partnered with FPE Capital (‘FPE’), a growth investor into mid-market technology focused businesses. Intragen provides market leading solutions within the fast-growing area of Identity & Access Governance (“I&AG”).
Founded by Ian Yoxall and Mike Jones in 2006, Intragen has since grown to employ over 40 expert cybersecurity consultants and operates from offices in the UK, the Netherlands, and Finland. The business provides I&AG consulting and implementation services to enterprise scale customers across northern Europe and is a platinum partner of market leading software vendors One Identity and Ping Identity, as well as utilising its own software tools and IP. Intragen has achieved rapid growth, with revenue growth rates over the past 3 years of 30% p.a.
FPE will partner with the existing founders and management team to help the business to continue its rapid growth trajectory. The existing founders will remain actively involved in leadership roles in the business, with Ian Yoxall as CEO, and Mike Jones as CTO.
The existing management team will be further bolstered by the recruitment of Bill Joss as non-executive Chairman and Julian Coe as CFO. Bill is a very experienced Chairman with a thirty-year track record of building successful businesses in the IT and Technology space, as well as of growing businesses internationally. Julian is a dynamic CFO who has worked at a number of fast-growing tech firms, including Repositive and Ieso Digital Health.
Ian Yoxall, CEO of Intragen said:
“We are very pleased to have partnered with FPE, who during this process have demonstrated a strong understanding of the market and of the dynamics of our business. FPE brings a wealth of experience in scaling businesses, particularly internationally, and we are excited by the prospect of working together to drive further growth in Intragen in the cybersecurity space”.
David Barbour, Managing Partner at FPE, commented:
“We are delighted to be partnering with Ian and Mike to assist them to grow Intragen further and to continue its international expansion. Intragen’s success and market leading position is testament to the team’s continual focus on high quality service delivery and outstanding domain expertise. The I&AG market continues to expand rapidly, and we see Intragen as exceptionally well placed to capitalise on the opportunities arising from this highly dynamic sector”.
Phil Allen, VP EMEA at Ping Identity, one of Intragen’s key partners, commented:
“It’s great to see the leading identity security consultancy now has a really experienced investor used to helping high growth businesses behind it – allowing them to further expand their geographical reach and increase their expertise on Ping’s Intelligent Identity Platform. Intragen’s focus on delivering Ping’s solutions will be a great benefit to our joint customers across the region”.
Intragen was advised by Results International as sell side financial advisor (M&A) and Osborne Clarke (Legal). The FPE investment was led by David Barbour, Dan Walker and Connor Trendell. David Barbour and Dan Walker will join the Intragen board.