EQT Invests in Cybersecurity Training and Certification Provider EC-Council
27 September 2021 - 6:55PM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish private-equity firm EQT AB said Monday that
it has made a "significant" investment in EC-Council, a developer
and provider of cybersecurity training and certification.
"EC-Council contributes to narrowing the global cybersecurity
talent gap and confronting the increasingly complex nature of
cybersecurity incidents," EQT said.
Established in 2001, EC-Council develops and provides
proprietary cybersecurity training and certification programs for
customers in more than 145 countries, both directly and through
over 700 partners. It has offices and operations in the U.S., Asia
and Europe, employing about 500 people worldwide, it added.
EC-Council's founder, Malaysian technopreneur Jay Bavisi, will
retain a majority stake in the company and remain as group Chief
Executive, while Andrew Wait, former President of Lynda.com and EF
Englishtown and former general manager at Ancestry.com, will join
EC-Council's board.
Financial details weren't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
September 27, 2021 04:40 ET (08:40 GMT)
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