Distology is a leading specialist cyber security distributor.
Founded in 2014, Distology is a value-added-distributor representing vendors of IT security technology products across EMEA, helping to protect businesses’ digital estates from the growing threat of cyber-attacks. The business is headquartered in Manchester with access to the European market via its office in The Netherlands.
Cyber security has quickly become one of the largest high-growth markets with revenues in the sector nearly doubling between 2017 and 2020. The impact of COVID-19 has led to widespread remote working and the increasing threat of more sophisticated cyber attacks is likely to drive long term demand in the sector.
The investment was funded from NorthEdge’s £120m SME Fund and was led out of our Manchester office by Dan Matkin and Liam May. Liam May will join the board. We have also appointed Andy McEwan as Chair, bringing significant channel and international expansion experience.
Distology represents NorthEdge’s 12th TMT investment.
We are backing Hayley Roberts, CEO, and her management team, to help accelerate the business’s exceptional growth journey. Distology has enjoyed consistent success, increasing year-on-year revenue by more than 75% over the past three years.
Our investment will support the business as it looks to take advantage of the fast-growing cyber security market, which is estimated to be worth £8.3bn in the UK.
With private equity support Distology hopes to expand its services, build on its strong relationships with its vendors and partners and continue to grow its presence in Europe.
Hayley Roberts said: “Our ambition is to be Europe’s leading value-added-distributor of cloud-based cyber security software. In order to achieve our ambitious growth plans, we needed a partner that could offer more than just a financial investment – we also want guidance and support to help us overcome the challenges that arise with rapid growth.
“NorthEdge has an impressive track record of investing in technology businesses and supporting them on their growth journey. Even through the challenges of lockdown we were able to build a great relationship with the NorthEdge team, and I could see they understood our business and the market we operate in”.
Liam May, Director at NorthEdge, added: “Distology has already cemented its position in the channel through its partnerships with strategic vendors and impressive client list and has an outstanding reputation in the market. We’re looking forward to working with Hayley and the business’s talented team to drive the company’s growth and expand its offering”.