With a double-digit-million investment in Enginsight, technology investor Verdane backs cybersecurity “Made in Germany” and growing demand for European security solutions

Ver­dane, the Euro­pean spe­cial­ist growth buy­out invest­ment firm, today announced that it has led a growth financ­ing round in Engin­sight GmbH (“Engin­sight”), a Ger­man cyber­se­cu­rity soft­ware plat­form for SMEs and pub­lic bod­ies. Exist­ing investors UVC, HDI, and SIV are invest­ing along­side Ver­dane. Fol­low­ing com­ple­tion of the financ­ing round, Ver­dane will become Enginsight’s largest shareholder.

Engin­sight offers a com­pre­hen­sive cyber­se­cu­rity solu­tion for organ­i­sa­tions with com­plex and evolv­ing IT envi­ron­ments. Founded in Jena, Ger­many, in 2017 by Mario Jan­deck, CEO; Eric Range, CIO; and Max Taran­tik, COO, the com­pany devel­ops its soft­ware entirely in-house in Ger­many. Engin­sight helps busi­nesses strengthen their dig­i­tal sov­er­eignty and resilience against evolv­ing cyber threats.

The Engin­sight plat­form com­bines secu­rity infor­ma­tion and event man­age­ment, secu­rity orches­tra­tion, automa­tion and response and auto­mated secu­rity oper­a­tions in a uni­fied cyber­se­cu­rity solu­tion. By inte­grat­ing asset mon­i­tor­ing, vul­ner­a­bil­ity man­age­ment, threat detec­tion, com­pli­ance analy­sis and auto­mated inci­dent response, Engin­sight pro­vides the foun­da­tion for an increas­ingly auto­mated Secu­rity Oper­a­tions Cen­ter. Guided by the prin­ci­ples of “Mak­ing the Invis­i­ble Vis­i­ble” and “Mak­ing the Inse­cure Secure”, the plat­form enables organ­i­sa­tions to iden­tify, under­stand and mit­i­gate cyber risks efficiently.

Engin­sight dis­trib­utes its solu­tions through more than 250 active chan­nel part­ners, includ­ing a grow­ing num­ber of Man­aged Ser­vice Providers. The com­pany serves more than 750 cus­tomers and employs over 80 peo­ple. Its cus­tomer base is espe­cially strong in the pub­lic sec­tor and includes health­care providers, SMEs and organ­i­sa­tions in reg­u­lated indus­tries. Demand for the plat­form is grow­ing par­tic­u­larly strongly among munic­i­pal­i­ties, hos­pi­tals and universities.

Ver­dane has part­nered with Engin­sight to scale the part­ner chan­nel, expand inter­na­tion­ally and pur­sue a Euro­pean buy-and-build strat­egy. The focus of the part­ner­ship is on acti­vat­ing and matur­ing Enginsight’s part­ner base, with an empha­sis on Man­aged Ser­vice Providers, which man­age IT ser­vices on behalf of their cus­tomers. Engin­sight will also expand sales of its secu­rity infor­ma­tion and event man­age­ment and man­aged detec­tion and response ser­vice to exist­ing cus­tomers. Ver­dane will sup­port Enginsight’s expan­sion beyond the DACH region through entry into selected Euro­pean mar­kets and tar­geted acqui­si­tions with the aim of build­ing a Euro­pean cyber­se­cu­rity platform.

The EU’s NIS2 cyber­se­cu­rity direc­tive and Germany’s secu­rity require­ments for crit­i­cal infra­struc­ture oper­a­tors are dri­ving invest­ment in cyber defense among SMEs and pub­lic-sec­tor organ­i­sa­tions. Many pub­lic-sec­tor organ­i­sa­tions pre­fer Ger­man-devel­oped soft­ware that can be deployed on-premises and oper­ated within their own infrastructure.

Engin­sight will also con­tinue to strengthen its tech­nol­ogy plat­form through ongo­ing inno­va­tion. To sup­port these ambi­tions, Ver­dane and its oper­at­ing team Ele­vate will sup­port Engin­sight in scal­ing its organ­i­sa­tion for the next phase of growth.

Mario Jan­deck, CEO and Co-founder of Engin­sight, said: “We founded Engin­sight in 2017 to solve a chal­lenge we expe­ri­enced our­selves: the lack of a sin­gle solu­tion pro­vid­ing com­pre­hen­sive vis­i­bil­ity and secu­rity across the entire IT land­scape. Today, our sov­er­eign, Ger­man-built cyber­se­cu­rity plat­form helps organ­i­sa­tions strengthen cyber resilience through pow­er­ful secu­rity capa­bil­i­ties com­bined with ease of use, with­out adding complexity.“

On the part­ner­ship with Ver­dane, Jan­deck added: “As we enter our next phase of growth, we wanted a part­ner that under­stands both cyber­se­cu­rity and the value of a chan­nel-led go-to-mar­ket strat­egy. With Verdane’s expe­ri­ence in scal­ing Euro­pean soft­ware com­pa­nies and the exper­tise of its Ele­vate team, we will accel­er­ate our growth, expand inter­na­tion­ally and fur­ther strengthen our posi­tion as a lead­ing cyber­se­cu­rity platform.”

Dominik Schwarz, Part­ner at Ver­dane, added: “Engin­sight exem­pli­fies the kind of ambi­tious growth com­pany Ver­dane backs: a strong team, a com­pelling prod­uct and sig­nif­i­cant poten­tial to scale. Mario, Eric and Max have built a com­pre­hen­sive, sov­er­eign cyber­se­cu­rity plat­form that cus­tomers and part­ners rate on par with estab­lished ven­dors. With its scal­able part­ner net­work, tech­nol­ogy devel­oped in Ger­many and grow­ing demand for cyber­se­cu­rity solu­tions, Engin­sight is well posi­tioned for con­tin­ued suc­cess. We look for­ward to sup­port­ing the team as Engin­sight enters its next phase of growth.”

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About Enginsight

Engin­sight pro­vides a com­pre­hen­sive cyber­se­cu­rity solu­tion for orga­ni­za­tions with com­plex and evolv­ing IT envi­ron­ments. Founded in Jena, Ger­many, in 2017, its fully in-house devel­oped soft­ware is used by more than 750 cus­tomers, rang­ing from regional SMEs to enter­prise groups with ded­i­cated IT secu­rity organ­i­sa­tions. The Engin­sight plat­form com­bines vul­ner­a­bil­ity man­age­ment, asset mon­i­tor­ing, threat detec­tion, com­pli­ance analy­ses and auto­mated response capa­bil­i­ties in 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 help organ­i­sa­tions oper­ate cyber­se­cu­rity effi­ciently and sus­tain­ably across grow­ing struc­tures. Cyber­se­cu­rity. 100% Made in Germany.

Learn more at www.enginsight.com.

About Verdane

Ver­dane is a spe­cial­ist growth buy­out invest­ment firm that part­ners with tech-enabled and sus­tain­able busi­nesses that help to dig­i­talise and decar­bonise the Euro­pean econ­omy. The flex­i­ble man­dates of Ver­dane funds allow it to invest as a major­ity or minor­ity con­trol investor, replace­ment or growth cap­i­tal, in sin­gle com­pa­nies or in port­fo­lios of companies.

Ver­dane has raised €10 bil­lion in cap­i­tal and its funds have made more than 200 invest­ments in fast-grow­ing busi­nesses since 2003. Verdane’s team of over 180 invest­ment pro­fes­sion­als and oper­at­ing experts is based out of Berlin, Copen­hagen, Lon­don, Helsinki, Munich, Oslo and Stock­holm and com­bines deep sec­tor exper­tise with long-stand­ing local net­works and pres­ence in core Euro­pean markets.

Ver­dane is also a cer­ti­fied B Cor­po­ra­tion and the firm only backs busi­nesses that pass its 2040 Test, which indi­cates whether the com­pany can thrive in a more sus­tain­able future economy.

Ver­dane is partly owned by the Ver­dane Foun­da­tion, which is focused on two areas: cli­mate change and more equi­table and inclu­sive local communities.

More infor­ma­tion: www.verdane.com