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Rautenberg Moritz & Co. advises the shareholder on the sale of it.sec to Swiss IT Security Group.

The team around Jens Moritz advised the founder and sole shareholder of it.sec GmbH & Co. KG on the sale to Swiss IT Security Group. Closing took place on 5 November 2019.

it.sec was founded 1996 by Holger Heimann, who lead and developed the business since then. Mr. Heimann will continue to manage the company after the transaction in his position as managing director and co-shareholder of Swiss IT Security Group. it.sec, headquartered in Ulm, is active in approx. 30 countries and specialised in the fast-growing service segments IT governance, penetration testing as well as IT forensics. In addition, the company is also a service provider for numerous data protection mandates (General Data Protection Regulation services). The interdisciplinary team serves customers of all sizes in the private and public sector.

Buyer is the Wettingen (CH)-based Swiss IT Security Group, which was founded in 2017 by the private investor group Ufenau Capital Partners and the management team. The company has c. 370 employees and is active in the entire DACH region. Since inception, already 10 companies have joined the group. All group members benefit from strong synergies, shared services and the exchange of know-how, resulting in real value-add for the customers. Swiss IT Security Group is offering its customers a full-service portfolio in the analysis of cybersecurity risks, architecture and design of tailor-made IT security concepts and the 24/7 operation of such structures including their necessary support.

The Rautenberg Moritz & Co. team supported the seller as advisors and led the entire M&A process up to the successful completion of the transaction.

Rautenberg Moritz & Co. advises the shareholder on the sale of it.sec to Swiss IT Security Group.

Quick Facts

Date

  • November 2019

it.sec

  • Leading company in the attractive market of cybersecurity consulting
  • Long-standing track record in IT governance, penetration testing, IT forensics and data protection
  • Interdisciplinary team consisting of IT specialists and lawyers
  • Customers are public and non-public institutions of all sizes in more than 30 countries

Swiss IT Security Group

  • IT security holding company, founded in 2017 by Ufenau Capital Partners and the management team, headquartered in Wettingen (CH)
  • Alliance of successful and well established IT security companies with the aim to leverage synergies within the group
  • Currently approx. 370 employees in 10 locations in the DACH region
  • The service portfolio includes consulting, analysis, implementation as well as operation and monitoring of secure infrastructure, networks, mobile devices and secure hosting

Deal Size

  • Undisclosed

Services

  • Full-scope M&A lead advisory mandate

Team

  • Jens Moritz, Managing Partner
  • Britta Hornung, Director
  • Tim Haase, Associate