Cyber security firm Ideiio lands £2m new investment

Chris Newbould's picture
by Chris Newbould
ideiio lands £2m new investment

Salford Software as a Service company and cyber security specialist Ideiio is on track for further growth following a £2m funding injection from NPIF Maven Equity Finance.

NPIF Maven is managed by Maven Capital Partners and is a part of the Northern Powerhouse Investment Fund (NPIF), while Ideiio specialises in Identity Governance and Administration (IGA). Its software enables organisations to manage control of access rights across the entire business and automate key functions such as compliance and audit reporting.

Ideiio’s technology is targeted at the under-served mid-market as opposed to the crowded large enterprise sector. The new funding will help the business enhance its technology platform, drive revenue growth by expanding the sales and marketing team, and further develop its channel partner relationships.

Growth in the IGA software market is driven largely by organisations looking to enhance operational productivity, strengthen security and improve customer experience.

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