The business operates across over 160 countries, protecting over 50 million identities and supporting over 100 million daily transactions. Its clients operate in a range of sectors including financial services, education, healthcare, and non-profit.
The investment in ProofID represents an attractive opportunity for our buyout fund to add a high-quality cyber security business to its portfolio. ProofID has experienced significant growth since it was established and benefits from high levels of recurring revenue. IAM is increasingly important to businesses and a key enabler for other aspects of cyber-security, including the implementation of a zero-trust strategy. Tom and his senior team are highly experienced and well regarded within the sector. We are excited to work with them and support the next stage of ProofID’s growth.
Jeremy Thompson, Investment Director at Maven
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