Verdane Takes a Stake in Cybersecurity Specialist Enginsight

Berlin/Munich — Verdane, a Euro­pean private equity firm specia­li­zing in growth capi­tal, is leading a growth finan­cing round for Engin­sight GmbH (“Engin­sight”). Engin­sight is a German provi­der of a cyber­se­cu­rity plat­form for small and medium-sized enter­pri­ses and public insti­tu­ti­ons. Exis­ting inves­tors UVC, HDI, and SIV (SI Ventures) are parti­ci­pa­ting in the finan­cing round along­side Verdane. Upon comple­tion of the round, Verdane will become Enginsight’s largest shareholder.

Engin­sight offers a compre­hen­sive cyber­se­cu­rity solu­tion for orga­niza­ti­ons with complex and constantly chan­ging IT envi­ron­ments. The company was foun­ded in Jena in 2017 by Mario Jandeck (CEO), Eric Range (CIO), and Max Taran­tik (COO), and deve­lops its soft­ware enti­rely in-house in Germany. Engin­sight helps orga­niza­ti­ons streng­then their digi­tal sove­reig­nty and resi­li­ence against evol­ving cyber threats.

The Engin­sight plat­form combi­nes vulnerabi­lity manage­ment, asset moni­to­ring, attack detec­tion, compli­ance analy­sis, and auto­ma­ted defense measu­res into a single solu­tion. Guided by the prin­ci­ples of “making the invi­si­ble visi­ble” and “making the inse­cure secure,” Engin­sight combi­nes trans­pa­rency, auto­ma­tion, and a prac­ti­cal secu­rity archi­tec­ture to effi­ci­ently and sustain­ably manage secu­rity across growing organizations.

Engin­sight markets its solu­ti­ons through more than 250 active sales part­ners, inclu­ding a growing number of mana­ged service provi­ders. The company serves more than 750 custo­mers and employs over 80 people. Engin­sight has a strong custo­mer base, parti­cu­larly in the public sector. Its custo­mers also include health­care provi­ders and orga­niza­ti­ons in regu­la­ted indus­tries. Demand for the plat­form is growing parti­cu­larly stron­gly among muni­ci­pa­li­ties, hospi­tals, and universities.

Verdane has ente­red into a part­ner­ship with Engin­sight to grow its busi­ness through distri­bu­tion part­ners, drive inter­na­tio­nal expan­sion, and pursue a Euro­pean buy-and-build stra­tegy. The part­ner­ship focu­ses on acti­vat­ing and further deve­lo­ping Enginsight’s part­ner network. The company will also expand the sales of its Secu­rity Infor­ma­tion and Event Manage­ment (SIEM) solu­ti­ons and its Mana­ged Detec­tion and Response (MDR) services to exis­ting custo­mers. A parti­cu­lar focus is on mana­ged service provi­ders that deli­ver IT services to their custo­mers. Verdane will support Engin­sight in expan­ding beyond the DACH region by ente­ring selec­ted Euro­pean markets and making targe­ted acqui­si­ti­ons. The goal is to build a Euro­pean cyber­se­cu­rity platform.

The EU’s NIS2 Cyber­se­cu­rity Direc­tive and Germany’s secu­rity requi­re­ments for opera­tors of criti­cal infra­struc­ture are driving invest­ment in cyber­se­cu­rity among small and medium-sized enter­pri­ses and public-sector orga­niza­ti­ons. Many public insti­tu­ti­ons prefer soft­ware deve­lo­ped in Germany that can be instal­led locally and opera­ted within their own IT infrastructure.

Engin­sight will also conti­nue to deve­lop its tech­no­logy plat­form through ongo­ing inno­va­tion. To achieve these goals, Verdane and its team of opera­tio­nal experts at Elevate will support the company as it scales its orga­niza­tion for the next phase of growth.

Mario Jandeck, CEO and co-foun­­der of Engin­sight, said: “We foun­ded Engin­sight in 2017 to address a chall­enge we oursel­ves were facing at the time: we lacked a unified solu­tion that provi­ded compre­hen­sive trans­pa­rency and secu­rity across the entire IT land­scape. Today, orga­niza­ti­ons are streng­thening their cyber resi­li­ence with our state-of-the-art cyber­se­cu­rity plat­form from Germany. To achieve this, we combine powerful secu­rity features with intui­tive usability.”

Regar­ding the part­ner­ship with Verdane, Jandeck adds: “For our next phase of growth, we were looking for a part­ner who under­stands cyber­se­cu­rity and reco­gni­zes the importance of a part­­ner-driven sales stra­tegy. With Verdane’s expe­ri­ence in scaling Euro­pean soft­ware compa­nies and the exper­tise of the Elevate team, we will acce­le­rate our growth, expand inter­na­tio­nally, and further streng­then our posi­tion as a leading cyber­se­cu­rity platform.”

Domi­nik Schwarz, a part­ner at Verdane, said: “Engin­sight embo­dies the quali­ties we at Verdane look for in ambi­tious growth compa­nies: a strong team, a compel­ling product, and signi­fi­cant growth poten­tial. Mario, Eric, and Max have built a compre­hen­sive, robust cyber­se­cu­rity plat­form that puts custo­mers and part­ners on equal footing with the world’s leading providers.”

About Engin­sight

Engin­sight offers a compre­hen­sive cyber­se­cu­rity solu­tion for compa­nies with complex IT envi­ron­ments. Foun­ded in Jena in 2017, the software—developed enti­rely in-house—is now used by seve­ral hundred end custo­mers, ranging from regio­nally active small and medium-sized busi­nesses to corpo­rate groups with their own IT secu­rity orga­niza­ti­ons. The Engin­sight plat­form combi­nes vulnerabi­lity manage­ment, asset moni­to­ring, attack detec­tion, compli­ance analy­ses, and auto­ma­ted defense measu­res into a single solu­tion. Guided by the mottos “Making the invi­si­ble visi­ble” and “Making the inse­cure secure,” Engin­sight combi­nes trans­pa­rency, auto­ma­tion, and a prac­ti­cal secu­rity archi­tec­ture to manage secu­rity effi­ci­ently and sustain­ably across growing struc­tures. Cyber­se­cu­rity 100% Made in Germany. — www.enginsight.com

About Verdane

Verdane is a private equity firm specia­li­zing in growth capi­tal that forms part­ner­ships with tech­­no­­logy-driven and sustainable compa­nies that contri­bute to the digi­ta­liza­tion and decar­bo­niza­tion of the Euro­pean economy. Verdane’s funds have the most flexi­ble manda­tes in the indus­try. The firm can invest as a mino­rity or majo­rity inves­tor, using buyout or growth capi­tal, in indi­vi­dual compa­nies or in port­fo­lios of companies.

Verdane’s funds have capi­tal commit­ments tota­ling more than 10 billion euros. Since 2003, the firm has inves­ted in over 200 fast-growing compa­nies. Verdane employs more than 180 people at offices in Berlin, Munich, Copen­ha­gen, Helsinki, London, Oslo, and Stock­holm, combi­ning in-depth indus­try exper­tise with exten­sive local networks and a strong presence in key Euro­pean markets.

Verdane holds B Corpo­ra­tion certi­fi­ca­tion, which is conside­red the most rigo­rous stan­dard for sustaina­bi­lity world­wide. In addi­tion, the invest­ment firm supports only compa­nies that pass the 2040 Test. This test asses­ses whether a company can succeed in a more sustainable econo­mic envi­ron­ment in the future. Verdane is also parti­ally owned by the Verdane Foun­da­tion, which focu­ses on two areas: climate change and a more equi­ta­ble and inclu­sive society. — www.verdane.com