Protecht, a Sydney-based risk management software company started by two former PwC colleagues in 1999, has received a $US280 million ($445 million) investment from US investment firm PSG Equity, which buys out its earlier external investors and becomes the majority owner.
The company has been a low-profile but high-achieving member of Australia’s private technology sector and didn’t take on external funding until 2022. Its lead backer in that investment, US-based Arrowroot Capital, has sold the entirety of its 27 per cent stake in the company in the new transaction.
Loading...
Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
