Foresight Group invests in Kent cybersecurity firm Lepide

Data security solutions provider Lepide has received investment from private equity firm Foresight Group.

The investment marks a significant milestone for Lepide, based in Kent, as it accelerates its mission to protect unstructured data from cyber-attacks in an increasingly complex data environment.

With the investment from Foresight, Lepide aims to further strengthen its position in the market and expand its product offerings to meet the evolving needs of its customers.

As the corporate world becomes ever more digitised, the volume of unstructured data that organisations possess is growing exponentially over time.

As a result, there's an increasing need for companies to identify sensitive data, understand who has access to it, and detect and respond to suspicious activities such as unauthorised file copying, which could indicate potential security breaches or insider threats.

Lepide has over 80 employees located across the UK, US and India.

Aidan Simister, CEO of Lepide, said: "We are thrilled to partner with Foresight as we embark on the next phase of our journey to grow our market share in the Data Security Platform space. This investment underscores the confidence in our vision and technology, and will enable us to accelerate innovation, expand our reach, and deliver even greater value to our customers.”

With the backing of Foresight, Lepide is well-positioned to scale its operations, invest in research and development, and enhance its customer support capabilities. The Company remains committed to empowering organisations of all sizes and industries to effectively protect their data and mitigate security risks.

Salim Chantler, Senior Investment Manager at Foresight Group, said: "Data is increasingly at the heart of what drives value in any organisation. With this opportunity, however, comes significant risk as data is proliferating at an exponential rate. Lepide’s industry-leading services counter this serious threat to help protect what matters. This is an increasingly important field in which Lepide has demonstrated strong leadership, a clear vision, and a track record of delivering innovative solutions that address critical challenges faced by organisations today.

“Foresight's investment is about continuing to improve the product functionality and also to invest in additional sales resources and address an unmet need across a wide variety of sectors. We look forward to partnering with the Lepide team to drive continued growth and success."