Investment & Fund Management

Utimaco, a leading provider of cyber security and compliance solutions based in Aachen, Germany, faced significant challenges in scaling its operations and enhancing its market presence. The company specializes in lawful interception management systems and data retention solutions, which are critical for telecommunications companies and internet service providers. As demand for cyber security solutions surged, Utimaco needed to streamline its internal processes and expand its business lines to meet the growing market needs.

To address these challenges, PINOVA Capital, a Munich-based private equity firm, partnered with Utimaco in 2013. This collaboration involved acquiring the company alongside its management team, which facilitated a strategic spin-out from its former parent company. PINOVA Capital provided not only the necessary financial resources for growth but also expertise in operational efficiency. They assisted Utimaco in transforming its two main business lines into independent legal entities, thereby enhancing focus and agility.

The results of this tailored intervention were significant. Over a three-year period, Utimaco's workforce grew from 87 to 128 employees, reflecting a robust expansion in its operational capacity. Additionally, the company successfully opened a subsidiary office in Silicon Valley in 2014, marking a critical milestone in its international expansion strategy. The partnership with PINOVA Capital not only strengthened Utimaco's market position but also set the stage for continued growth, with expectations of double-digit demand increases for its products in the coming years.