FPE Capital LLP (‘FPE’), the software & services specialist lower mid-market growth investor, announced today that its portfolio company Intragen, a leading European provider of identity and access management (IAM) solutions, has acquired the Finland based IAM Business Unit of Telia, the Swedish multinational telecommunications company and mobile network operator.  The acquisition is set to transform the Nordic IAM landscape and bring numerous advantages to clients in the region. The acquisition will result in a threefold expansion of Intragen’s existing Finnish business, establishing it as the largest provider of IAM solutions in the country.

Alex Fagioli, CEO of Intragen, commented,

“Intragen has already made a significant impact in the Nordic markets, especially within the public sector, earning the trust of numerous local government and healthcare providers. This acquisition will amplify Intragen’s capabilities and make the company the definitive one-stop-shop solution for all access and identity needs in the Nordic region.  He adds, “We look forward to welcoming the Telia Finland’s IAM Business Unit employees to the Intragen team.”

Intragen’s market strength and commitment to customer satisfaction has recently earned the company notable accolades, including the prestigious One Identity Top Nordics Partner and Top EMEA Partner Awards in 2022. This latest strategic move reinforces Intragen’s position as a trusted and globally recognised provider of IAM solutions.

David Barbour, Managing Partner of FPE Capital, commented

“Since our investment in Intragen from Fund II, the business has built on its existing strength in the UK, Netherlands and Finland with a successful move into the German market, and with this acquisition of Telia Finland’s IAM business is now further strengthening its position in the Nordic market.  In May 2022, FPE successfully closed Fund III at £186m, the firm’s third software and services focussed fund, allowing us to continue our focus of investing in software and services focussed companies such as Intragen and to build on the firm’s strong track record of being the first institutional investor into founder and entrepreneur led businesses. “

Intragen was advised and supported by Jurisystems Oy and Stephenson Harwood LLP. 

End   –

Notes to Editors:

About Intragen

Intragen is a market-leading next-gen IAM partner, transforming how organisations manage digital identities and governance processes. With over 15 years of experience, they provide innovative Identity Governance as-a-Service (IaaS) solutions that protect corporate and public sector organisations. Their flagship solution, Intra1, powered by One Identity software, streamlines project implementation while mitigating risk and ensuring regulatory compliance. By utilising their unique methodology, customers can achieve a significant return on investment (ROI) while addressing the skills shortage prevalent in the market. With a presence across Europe, including the UK, Netherlands, Germany, Finland, and Sweden, Intragen has successfully implemented over 140 IAM projects, expertly managing more than 10 million identities. Their strong market position, along with their platinum partnership with One Identity, positions them as the go-to partner for organisations seeking effective Access Management and Governance Administration solutions. www.intragen.com 

About FPE Capital 

FPE is a specialist investor in B2B software and software services companies. FPE partners with ambitious UK and Irish companies to enable them to realise their potential. We invest in profitable UK headquartered companies with revenues of £5m to £50m which have the ability to accelerate their growth. The highly experienced team brings together entrepreneurial, operational and private equity experience to help companies realise their potential. A strong partner, it provides capital, expertise and a wide network of connections together with the experience and energy to drive exceptional growth in large markets across diverse geographies. FPE is authorised and regulated by the Financial Conduct Authority. www.fpecapital.com

Media inquiries:

David Barbour, Managing Partner, FPE Capital LLP

020 3912 8800