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Highlights
- Mercia Asset Management commits £4 million to Netacea Group Limited in two tranches, boosting its stake to 33.60%.
- The funding will drive product expansion and global growth for Netacea’s AI-driven bot attack defense solutions.
- Mercia reinforces its investment focus on cybersecurity, addressing critical challenges across digital security.
Mercia Asset Management PLC (LSE:MERC) has announced a follow-on investment of £4 million in Netacea Group Limited, a provider of AI-driven software solutions to combat bot attacks on mobile, web, and API applications. The investment, to be made in two tranches, underscores Mercia’s commitment to supporting innovative technology companies addressing critical challenges in cybersecurity.
Details of the Investment
The first tranche of £2 million has been deployed, with a further £2 million planned for the group’s next financial year. Upon completion, Mercia will hold a 33.60% direct equity stake in Netacea, complementing an additional 26.90% stake held through its managed funds.
Strengthening Netacea’s Global Position
The funding is aimed at enhancing Netacea’s capabilities and expanding its footprint in the UK and international markets. The company specializes in AI-driven solutions that detect and mitigate sophisticated bot attacks, ensuring the security of mobile, web, and API platforms.
By leveraging the funding, Netacea plans to broaden its product offerings and accelerate growth, aligning with the increasing global demand for robust cybersecurity solutions.
Strategic Focus on Cybersecurity
Mercia Asset Management has been a consistent supporter of the cybersecurity sector, with investments spanning bot detection, threat intelligence, digital forensics, and supply chain risk management. Chief executive Dr. Mark Payton highlighted the strategic alignment of this investment with the company’s broader portfolio:
“We are pleased to continue supporting Netacea's growth trajectory. Our investments across the cybersecurity sector address critical challenges, validating our long-held investment thesis.”
Cybersecurity: A Growing Priority
The investment comes at a time when the cybersecurity industry is witnessing heightened demand for solutions that address evolving threats. Bot attacks, in particular, pose significant risks to businesses, affecting operational integrity and customer trust. Netacea’s advanced technology positions it as a leader in this space, offering businesses effective tools to counter these threats.
Impact on Mercia’s Portfolio
The follow-on investment in Netacea not only strengthens Mercia’s portfolio but also reinforces its reputation as a key player in supporting innovative companies in the technology and cybersecurity sectors. By maintaining a significant equity stake, Mercia ensures active involvement in driving Netacea’s growth and success.
Looking Ahead
This strategic investment signals Mercia’s continued focus on fostering innovation and supporting companies that address critical challenges in the digital landscape. For Netacea, the funding provides a robust platform to expand its market presence, enhance its product offerings, and reinforce its position as a global leader in bot attack defense.
As the cybersecurity landscape evolves, Mercia’s commitment to this sector positions it to play a pivotal role in driving technological advancements and enabling businesses to navigate the complexities of digital security.
