NEXX Capital announces that their portfolio company indevis IT-Security Holding GmbH (“indevis”) has been combined with Data-Sec GmbH (“Data-Sec”). NEXX Capital invested in indevis in 2021 alongside the two founders Wolfgang Kurz and Andreas Mayer and supported the company in its successful founder transition as well as with other strategic measures to further institutionalise the organisation and position it for the next growth phase.
indevis, headquartered in Munich, is a leading Managed Security Service Provider (MSSP) offering protection and managed detection and response solutions including a proprietary security operations centre (SOC). Since its foundation in 1999, the company has focused on customers with high data protection requirements in the upper midmarket in Germany.
Data-Sec, founded in 2009 and headquartered in March near Freiburg, is a specialist in IT security solutions with a strong focus on incident response services for mid-sized companies in regulated and critical environments. Data-Sec is backed by Sophora Unternehmerkapital (“Sophora”), an independent and owner-managed investment company with a focus on medium-sized companies in Germany, Austria and Switzerland.
The combination of indevis and Data-Sec creates a full-service cybersecurity group dedicated to supporting a customer base of over 1,000 SMEs in tackling an ever-increasing threat landscape and meeting regulatory compliance requirements. The transaction strengthens both companies’ ability to address the increasing demand for comprehensive cybersecurity services and managed solutions, including the full suite of protection, detection and incident response offerings.
As part of the transaction, indevis incumbent CEO Frank Puetz will assume the role of Group CEO and CFO Jan-Ulrich Seitz will take over as Group CFO. Frank Puetz emphasizes the joint ambition to establish a market leader: “Our shared vision is a cybersecurity platform that speaks the language of the Mittelstand – technically sophisticated, reliable, and built to grow with the needs of its customers.”
The founders of Data-Sec, Nicolai Landzettel (CSO) and Moritz Freiherr von Schwerin (CTO), will continue their management roles and play a central role in shaping the group’s future.
“The transformation of indevis over the recent years has been very impressive, and the new management team have been instrumental to position and shape the company to its current level. We are proud to have supported the structured succession and are excited to see indevis take the next logical step alongside Data-Sec as part of the newly formed cybersecurity group backed by Sophora.” says Florian Wiemken, Partner and Managing Director at NEXX Capital.
The shareholders of indevis were advised by Stephens (M&A), Watson Farley & Williams (Legal & Tax) and Deloitte (Financial).
About indevis
Founded in 1999 and based in Munich, Germany, indevis is a MSSP supporting mid-sized companies across the DACH region. indevis offers IT infrastructure protection solutions and managed detection services including areas such as network security, secure connectivity, and endpoint protection. The company works with leading global technology vendors and provides tailored solutions including consulting, implementation, and SOC services. indevis enables its customers to meet increasingly complex security and compliance demands while reducing internal IT burden. Its team of cybersecurity experts supports clients across industries such as manufacturing, public services, and healthcare. For more information, visit www.indevis.de.
About Data-Sec
Headquartered in March near Freiburg, Germany, Data-Sec GmbH has been a trusted partner for mid-sized enterprises in the DACH region since 2009. Specializing in comprehensive IT security solutions, Data-Sec offers services including incident response, managed detection and implementation of security solutions. The company is known for its pragmatic approach, technical expertise, and close customer relationships. Data-Sec serves clients across various industries, such as healthcare, energy, logistics, and manufacturing, ensuring they meet regulatory requirements and enhance their resilience against evolving cyber threats. For more information, visit www.data-sec.net.
About NEXX Capital
The team at NEXX Capital (formerly known as HQ Equita) principally supports owner-managed small and medium-sized enterprises in implementing succession plans, their next stages of development and strategy-refinement. Since its founding in 1991, NEXX Capital has been active in the German-speaking private equity market and brings extensive experience in building long-term, collaborative partnerships with growth-oriented companies. With a total investment volume of approximately one billion euros across more than 35 small and medium-sized enterprises and multiple add-on acquisitions globally, NEXX Capital looks back on a longstanding and trusted track record of partnering with the Mittelstand. The firm focuses on high-growth companies with strong management teams, clear unique selling propositions, and sustainable profitability in attractive markets — preferably in the sectors of Industrial Technology, IT Services, Business Services, or MedTech. In 2023, NEXX Capital entered a partnership with European specialist growth buyout investment firm Verdane.
