Klecha & Co. facilitated the sale of Innovery, a multinational cybersecurity company, to NEVERHACK, enhancing NEVERHACK's market presence and service offerings in the cybersecurity sector.

Target Information

Innovery is a prominent multinational cybersecurity services company, founded in 2001, with operational offices in Italy, Spain, Mexico, and the United States. Since being acquired in 2019 by Wise Equity through the Wisequity IV fund, Innovery has significantly expanded its service offerings which include consulting, integration, and managed services such as Security Operations Center (SOC) and Network Operations Center (NOC) management. The company’s growth trajectory has seen it complete strategic acquisitions, including Proxy in 2019, Obiectivo in 2020, NB Service & Security in 2021, and Open3S in 2022. Currently, Innovery employs over 400 professionals and services more than 200 clients across various sectors, including finance, industrial operations, public services, energy, retail, and telecommunications.

Industry Overview in Italy

The cybersecurity sector in Italy is rapidly evolving as digital transformation accelerates across various industries. In 2023, investments in cybersecurity within the country surged by double digits, exceeding €2 billion. This growth reflects the increasing awareness of cyber threats and the necessity of robust cybersecurity measures among organizations. The Italian market is becoming increasingly competitive, giving rise to numerous private and public investments aimed at enhancing cybersecurity infrastructure.

Moreover, the demand for sophisticated cybersecurity services aligns with the global trend of rising cybersecurity threats, including ransomware attacks and data breaches. As such, companies are prioritizing investments in innovative s