Pr0ph3cy Group
Status
Realised
Country
France
Strategy
Development Capital
Sector
Entry
Oct-21
Exit
Nov-23
Fund
IK SC III
Website
News
IK Partners to invest in Pr0ph3cy Group to be...IK Partners enters into exclusive negotiation...
Provider of IT and cybersecurity services in France
Founded in 1983, Pr0ph3cy Group ("the Group"), now known by NEVERHACK, is a provider of IT and cybersecurity services to large private groups and government agencies through two complementary business lines. The Group offers advisory solutions for critical security needs (through Silicom) as well as for the upskilling of IT, network and cybersecurity professionals (through Seela). The latter of which is delivered through a comprehensive e-learning platform.
Entrepreneurial in nature, the Group employs approximately 550 experts who are based across six locations and serve roughly 90 customers.
IK Partners acquired its stake in Pr0ph3cy Group in October 2021 from the management team, who reinvested alongside IK. In March 2024, IK Partners sold its stake in Pr0ph3cy Group to Carlyle.
Our Value Creation Strategy
We worked alongside the management team to:
- Leverage the underlying cybersecurity market growth;
- Become the leading French cybersecurity e-learning platform for trained IT professionals;
- Continue the transformation of Silicom into a pure cybersecurity IT firm; and
- Drive consolidation by acquiring competing or adjacent cybersecurity firms.