Cyber security distributor Distology has won investment from private equity firm NorthEdge to help drive its “aggressive growth plans”.
Founded in 2014, Distology has become a specialist in cloud-based cyber security technology, representing vendors across EMEA. The business is headquartered in Manchester, England with access to the European market via its office in The Netherlands. “With private equity support we hope to expand our services and build on strong relationships with with vendors and resellers whilst growing our presence in Europe,” said Distology.
Distology says it has increased year-on-year revenue by more than 75% over the past three years, with key partnerships with suppliers including Okta, Verkada and Yubico. Hayley Roberts (pictured), CEO of Distology, said: “Our ambition is to be Europe’s leading value-added distributor of cloud-based cyber security software. In order to achieve our aggressive growth plans, we needed a partner that could offer more than just a financial investment - we want guidance and support too to help us overcome the challenges that arise with rapid growth.”
She added: “Even through the challenges of lockdown we were able to build a great relationship with the NorthEdge team, and I could see they understood our business and the market we operate in.”
Liam May, director at NorthEdge, said: “Cyber security has quickly become one of the largest high-growth markets with revenues in the sector nearly doubling between 2017 and 2020. The impact of COVID-19 has led to widespread remote working and the increasing threat of more sophisticated cyber threats are likely to drive long term demand in the sector.
“Distology has already cemented its position in the channel through its partnerships with strategic vendors and an impressive client list and has an outstanding reputation in the market.”