When was I-TRACING acquired by KEENSIGHT CAPITAL?

I-TRACING was acquired by KEENSIGHT CAPITAL in 2017.

What was the revenue of I-TRACING at the time of the deal?

The revenue of I-TRACING at the time of the deal is estimated to be in the range of 10M - 30M EUR.

What was the EBITDA of I-TRACING during the acquisition?

I-TRACING's EBITDA is estimated to be in the range of 0M - 5M EUR.

How is the data for the I-TRACING acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the I-TRACING deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://keensight.com/wp-content/uploads/2018/12/170928-Keensight-PR-Investment-in-I-Tracing.pdf

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 15.1x.

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Home Database TMT (Tech, Media, Telecom)I-TRACING

09/2017

I-TRACING acquired by KEENSIGHT CAPITAL

FRANCE IT Services / Consulting & Integration / Cybersecurity Services REV 10M - 30M EUR

Context

Keensight Capital is acquiring a minority stake in I-TRACING from the founding managers. This primary transaction marks the entry of a financial partner to support the two founders, who remain the primary drivers of the business. The process was initiated to provide the company with the institutional backing and capital necessary to execute an ambitious roadmap for growth over the coming years. The investment strategy is specifically designed to accelerate the firm's international development and strengthen its position as an independent leader in a rapidly growing cybersecurity market. By partnering with a specialist in IT engineering and growth equity, the company aims to significantly scale its revenue and engineering workforce. This collaboration focuses on capitalizing on the boom in cyber-attacks and the increasing regulatory needs of large corporations for data traceability and security.

I-TRACING, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

I-TRACING is the leading independent French provider of managed security services. It operates as a comprehensive one-stop-shop addressing critical cybersecurity needs for large-cap and mid-market enterprises. The group s service portfolio encompasses the entire IT security value chain, including managed detection and response, cloud security, data protection, and advanced audits. A key differentiator is its premium managed Security Operation Center (SOC) offering, which provides twenty-four-seven protection for complex digital environments through a "follow-the-sun" operational model. Headquartered in Paris, the company employs over seven hundred cybersecurity experts across international offices in Canada, Hong Kong, Malaysia, China, Switzerland, and the United Kingdom. It is recognized as a trusted partner for organizations undergoing digital transformation, maintaining high technical standards with a focus on level two and level three security expertise.

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Other operations with I-TRACING

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2024	OAKLEY CAPITAL INVESTMENTS / EURAZEO / SAGARD	I-TRACING	FRANCE	Cybersecurity Services
05/2021	EURAZEO / SAGARD	I-TRACING	FRANCE	Cybersecurity Services

REFERENCES

Revenue range: 10M - 30M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of I-TRACING by KEENSIGHT CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: keensight capital