Fri, 06 Oct 2017 | MBO/MBI
The private equity firm Tenzing has back a management buyout of a Leeds-based cyber security business.
Tenzing, a company that targets buyout investments in UK SMEs with high organic growth valued up to £50 million, has supported the incumbent senior management team at Smoothwall, as led by chief executive Michael Marks. They have also introduced a new chairperson Lisa Stone, and non-executive director Richard Hurd-Wood.
Christian Hamilton, co-founder and joint managing partner at Tenzing, said: "Everyone at Tenzing is delighted to be able to team up with Lisa, Michael and their colleagues at Smoothwall, to invest in and accelerate the growth of this market leading technology that has significant benefits to future generations and our wider society.
"We look forward to helping them materially invest in their sales team, develop new products and grow their business internationally, whilst enjoying the journey with the whole team at Smoothwall."
Since 2001, Smoothwall has specialised in real-time, content aware web filtering technologies combined with a next generation firewall. Their work has spread across the education, government, healthcare, third sector and business sectors.
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