INVISION VII (“INVISION”), a leading mid-market investor focusing on succession solutions and growth financing, has agreed, together with funds managed by PINOVA (“PINOVA“) and operational management, to acquire Utimaco TS GmbH (“UTS”). The transaction represents a carve-out of UTS, a business unit of the Utimaco Group.
Founded in 1994, the company headquartered in Aachen (Germany) is a global leader in mission-critical security software solutions, specializing in lawful interception of various forms of communication. With its Lawful Interception Management System, the company supports telecom providers in meeting legal requirements by providing a secure and reliable platform for the lawful surveillance of communication services. The system complies with international standards such as ETSI and 3GPP and offers a scalable solution that can be seamlessly integrated into various network infrastructures.
INVISION and PINOVA intend to support the ongoing growth of UTS through the introduction of new innovative products, ongoing internationalization as well as selected add-on acquisitions in the cyber-security space. Together with the operational management team of UTS, led by Fernando Gomes (CEO), INVISION and PINOVA intend to expand the market-leading position of the company.
Fernando Gomes, CEO of UTS: “We are delighted to have completed the carve-out of UTS together with INVISION and PINOVA. Both investors share the same vision for our company and the desire to continue growing in the lawful interception space as well as adjacent markets. As a core and independent company, UTS will be able to continue offering high quality solutions and services to its customers and be in a position to invest in new and innovative products.”
Peter Kroha, Partner and Managing Director of INVISION: “We had been tracking UTS for a while and were therefore very interested when we were offered the opportunity of pursuing the carve-out of the business unit. Together with Fernando and the whole team at UTS, we are really excited about accelerating both organic as well as external growth over the coming years.”
Joern Pelzer, Founding Partner of PINOVA: “Beginning back in 2013, PINOVA was involved with the Utimaco Group for nine years and actively contributed to shaping the company’s impressive growth. We are therefore all the more pleased that this exciting development is now continuing: Together with INVISION and the Utimaco TS management team, we will focus on the field of Lawful Interception Management Systems going forward. These systems are a central component of modern telecommunications infrastructures and will continue to play a decisive role in the future.”
The board of UTS will be strengthened by seasoned external non-executive directors who will also be investing alongside INVISION and PINOVA.
The investment in UTS is the third investment completed by INVISION VII, which was raised in 2023.
About Utimaco TS
UTS, based in Aachen (Germany), is a global leader in mission-critical security software solutions, specializing in lawful interception of various forms of communication. With its Lawful Interception Management System, the company supports telecom providers in meeting legal requirements by providing a secure and reliable platform for the lawful surveillance of communication services. UTS was a business unit of the Utimaco Group and was put up for sale as it was considered non-core. As an independent company, UTS will continue to be led by its incumbent operational management.
Further information can be found under www.utimaco.com/telecommunication/lawful-interception
About INVISION
Since its foundation in 1997, INVISION has developed into one of the leading mid-market investors focusing on growth companies in the DACH region and the Benelux. INVISION has invested more than EUR 1 billion in over 70 companies and targets sustainable growth driven by internationalization, the introduction of new products and services, digitalization of operations and selective add-on acquisitions. INVISION is an entrepreneurial partner to founders. In its investments, INVISION places particular emphasis on understanding the specific needs of entrepreneurs and developing individual solutions to adequately address these.
Further information can be found under www.invision.ch
