This week, European data and security investor, C5 Capital, announced its major investment in Omada, a European identity and access governance and identity access management software provider. The investment, which amounts to approximately £15.5 million, will support the Danish company's expansion efforts to the UK and the US. This marks the third Investment that C5 Capital has made into the European IT security market and is its largest commitment of funds to date.
"Security and safety are being redefined in the 21st century, with technology at its core. Managing access to critical IT systems and sensitive customer data by employees, subcontractors, outsourcers, suppliers and partners has become a cornerstone of enterprise security," Nazo Moosa, managing partner of C5 Capital, commented on the investment in an email to SCMagazineUK.com.
"The adoption of such technologies is democratising. We see an inflection in the market with organisations outside traditional regulated sectors choosing to adopt IAG solutions.”