NorthEdge announces add-on acquisition and investment in the tech sector

The firm has completed an investment into Friend MTS and announced portfolio company Distology's acquisition of Squareball Digital

  • Friend MTS is a provider of video content security services
  • NorthEdge’s investment in Friend MTS was made via NorthEdge Fund III
  • Distology’s acquisition of Squareball is the fifth bolt-on announced by NorthEdge in the last twelve months

NorthEdge has announced two tech-related deals. The firm has completed an investment in Friend MTS, a provider of video content security services. It also announced that its portfolio company, Distology, has acquired German company Squareball Digital. NorthEdge’s investment in Friend MTS was made via NorthEdge Fund III and will support the company in increasing its headcount across its commercial and technology engineering teams.

Birmingham, UK-headquartered Friend MTS provides content owners, broadcasters and operators with security and platform protection solutions, including network threat intelligence, forensic watermarking and global media discovery optimised with automated content recognition. Clients of Friend MTS include Sky, UEFA, Serie A and Warner Bros Discovery.

“NorthEdge has a great track record of helping UK businesses to flourish internationally and we are looking forward to supporting Friend MTS in its next chapter,” said Jon Pickering, partner and head of new investments at NorthEdge.

Stockport, UK-based Distology has picked up Berlin-based Squareball. The company supports organisations to define and implement identity access management strategies. NorthEdge has been invested in Distology since 2021. Since NorthEdge’s investment Distology has grown its headcount by more than 40%. The acquisition by Distology follows a further four bolt-on acquisitions in the NorthEdge technology portfolio in the last twelve months.

“Cybersecurity continues to be one of the fastest growth markets in the world, particularly with the rise of remote and flexible working,” said Liam May, director at NorthEdge.

Manchester-headquartered NorthEdge is a UK private equity firm managing over £900 million of assets under management. It invests across the healthcare, technology, business services and specialised industrials sectors.