Today, European tech investor Tenzing announced that its portfolio company, MetaCompliance, Europe’s leading cyber security awareness training company, has acquired Increase Your Skills GmbH (IYS), the fast-growing cyber-security awareness training business based in Leipzig, Germany.
This strategic acquisition not only fortifies MetaCompliance’s foothold in the critical German market but also underscores the company’s commitment to seizing the immense potential for rapid expansion in the DACH region. Leveraging its substantial market share and visionary outlook, MetaCompliance aims to accelerate growth and solidify its position as the largest cybersecurity awareness platform in Europe.
IYS stands out as 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 poised to spearhead rapid growth in the DACH region.
In a statement, MetaCompliance’s CEO, James Mackay, expressed his excitement, saying, “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 Founder Hannes Hartung commented, “Becoming part of MetaCompliance marks an exciting chapter for us. The depth and breadth of MetaCompliance’s content, multi-language capabilities, and operational prowess will enable us to provide our customers with a vastly enriched product and service offering. Carolin and I are thrilled to join forces with the team as we eagerly embrace the opportunity to lead our ambitious growth plans in the DACH region.”
Milan Kellner, Investment Lead at Tenzing, added, “MetaCompliance’s strategic move to acquire IYS in Germany represents a pivotal step towards realising their vision for accelerated growth in the DACH region. We are excited to be part of this journey, and it underscores our confidence in MetaCompliance’s leadership and the immense potential of this partnership.”
Tenzing, demonstrating its commitment to supporting its portfolio companies, provided an Acquisitions Director to assist MetaCompliance with this acquisition. The firm has actively supported its portfolio companies in completing 16 acquisitions within the last 12 months.