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I-TRACING

Sector
Technology
Fund
Fund V
Year
2024
Location
France
Status
Current

The leading independent provider of cybersecurity services in Europe.

Key facts

Revenue growth

c. 30%

per annum

Employs

c. 600

Cybersecurity experts

Global

24/7

coverage

Founded in Paris in 2005, I-TRACING is the leading, pure play, French managed cybersecurity services provider (‘MSSP’), working with blue-chip companies in the enterprise and midmarket sectors.

Cyber I Tracing

I-TRACING offers clients a one-stop-shop service including CyberDefence, Managed Detection & Response services, Identity & Access Management, Cloud Security and Data protection and Audit. One of the company’s key differentiators is its premium Security Operations Centre (SOC) managed services offering, protecting complex environments on a 24/7 basis, leveraging an integrated international “follow-the-sun” operating model.

I-TRACING has expanded globally over the last decade to meet the needs of its customers’ own internationalisation and today the Company employs around 600 cybersecurity experts across France, Canada, Hong Kong, Malaysia, China, Switzerland and the U.K.

Our Investment

Oakley will work alongside I-TRACING’s founders and management, in partnership with existing anchor investor Eurazeo, as well as Sagard NewGen reinvesting as a minority investor. All stakeholders will work jointly to help drive the next stage of the Company’s growth and realise its ambitions to become a European champion in cybersecurity services. I-TRACING will capitalise on its leading market position to grow its blue-chip client base, pursue further M&A opportunities, while also continuing to attract the best talent as the employer of choice in cybersecurity with 250 new hires planned for 2024. 

Quote Théodore Vrangos

The combination of Oakley Capital and Eurazeo as investors with significant complementarity and alignment would enable us to accelerate our international growth journey, while ensuring we can sustain our values.

Théodore Vrangos

Co-Founder and President — I-TRACING

Market dynamics

I-TRACING operates in a non-cyclical market, benefitting from growing demand for mission-critical cybersecurity services driven by the increased complexity of IT architecture, the rapidly growing volume and sophistication of cyber threats and the ongoing shortage of cyber talent which is driving greater levels of outsourcing. All of these are long term trends which are expected to continue driving strong growth in the years ahead.

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If you would like to know more, contact a member of the OCI team.

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