bValue Growth invests €9m in Fudo Security to boost cybersecurity innovation

bValue Growth has invested over €9m in Fudo Security, a leading European provider of Privileged Access Management (PAM) solutions.

This funding will fuel innovation, expand market reach, and strengthen Fudo Security’s presence in the cybersecurity sector. The focus will be on growth in Western Europe (DACH) and the US.

Since 2016, Fudo Security has delivered intelligent PAM solutions to almost 500 clients in 35 countries. Its customers include companies in the energy and telecommunications sectors and government entities. These tools help organisations manage privileged account access, reduce security risks, and comply with regulations. Fudo’s CEO, Patryk Brożek, said, “With bValue’s support, we are able to more fully capitalize on our potential and growing market, and improve digital security around the world.”

The investment will drive the development of new technologies, including the revolutionary “Instant Access” solution. This tool enables instant access for third parties and real-time monitoring of IT systems and sensitive data. Fudo’s CTO, Paweł Dawidek, added, “Our AI-driven solution ensures maximum control and security for external collaborations. The artificial intelligence module will disconnect a session if it detects that an unauthorized person is using the account, and the administrator will get an alert immediately.”

The global PAM market, valued at $3bn in 2023, is forecasted to grow at 22% annually. This growth is driven by rising cybersecurity threats and increasing regulatory requirements. Statista projects cybercrime costs will rise from $9.2tn in 2024 to $13.8tn by 2028, highlighting the need for robust IT security measures.

bValue Growth’s investment aligns with its strategy of supporting innovative, scalable companies. Leszek Orłowski, Partner & CFO at bValue, noted Fudo’s strong revenue growth, high subscription rates, and competitive advantage in cost-efficient implementations. Fudo competes with global leaders, including CyberArk and BeyondTrust.

This partnership positions Fudo Security to meet growing demand in Europe, North America, and beyond. It solidifies its role as a global innovator in cybersecurity solutions.

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