Tenzing-backed MetaCompliance wins Northern Ireland awards for exceptional performance | BVCA | British Private Equity & Venture Capital Association
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Tenzing-backed MetaCompliance wins Northern Ireland awards for exceptional performance

Publish Date 28 Jun 2024
Categories Awards
MetaCompliance, a leading provider of cyber awareness training and compliance solutions based in Derry-Londonderry, has won the British Private Equity and Venture Capital Association’s (BVCA) Vision 2024 award for Northern Ireland.

Sponsored by Grant Thornton and Santander, the awards honour the management teams of companies backed by private equity and venture capital. The judging panel praised MetaCompliance for its impressive growth, highlighting strategic acquisitions in Denmark and Germany and a client-led response approach that has significantly enhanced their product offerings. The company also received high marks for its ESG initiatives and was commended for its commitment to becoming B Corp certified.

European Growth Buyout Investor, Tenzing, was recognised for its outstanding support to investee companies. It played a crucial role in MetaCompliance’s success by funding its expansion into Continental Europe.

Other companies recognised included IQ Capital-backed Neurovalens and Maven Capital-backed Sensoteq, both based in Belfast and named as ones to watch.

Representatives from MetaCompliance and Tenzing received their awards at a ceremonial dinner held last night at Northern Ireland’s Merchant Hotel. Additional Nations and regions winners will be announced throughout the year, with national winners celebrated at a Gala Dinner in December. The final list will feature 15 companies, including four recognized at different investment stages: early stage, scale-up, medium, and large.

Read the Awards booklet

Michael Moore, BVCA Chief Executive said:

“MetaCompliance’s outstanding performance highlights the remarkable innovation and success within Northern Ireland’s business sector. It is essential to acknowledge the significant impact these thriving companies have on the UK economy.

“The support from our members underscores the crucial role private capital plays in fostering growth and development across our regions and nations.”

James McKay, Chief Executive Officer at MetaCompliance said:

"Winning the BVCA's Vision 2024 award for Northern Ireland is a tremendous honour and a is a testament to the hard work and dedication of our entire team.

“Our success in delivering personalised cybersecurity awareness solutions has been a significant factor in our growth, helping organisations to better protect themselves against cyber threats.

“This achievement would not have been possible without the support and partnership with our private equity backer, Tenzing. Thank you to the BVCA judging panel for this recognition, and to Tenzing for their continuous support."

Milan Kellner, Investment Lead, Tenzing said:

“MetaCompliance is one of the champions of our portfolio. The company’s success is down to the hard work and commitment of the management team, their dedication to their customers, and investment in the product. They thoroughly deserve this recognition. Acquisitions in Denmark and Germany have strengthened MetaCompliance’s position as the largest cybersecurity awareness platform in Europe, and we’re so excited about the company’s potential from here.”

Charlie Kerlin, Head of Corporate Finance for Northern Ireland at Grant Thronton said:

“Congratulations to MetaCompliance for its remarkable achievements in growth and ESG commitments.

“We are proud to support the Vision 2024 awards to celebrate the innovation and positive impact that dynamic, well-managed businesses can have on the economy and society.

“It’s brilliant to see the support provided by Tenzing to its portfolio companies, demonstrating the powerful role that private equity firms play in fostering business success.”

Richard Mathison, Senior Director – Northern Ireland, Structured Finance Group at Santander said:

“We are delighted to be part of the Vision 2024 awards, recognising high growth private equity backed businesses in Northern Ireland such as Metacompliance. The judging process demonstrates the building eco-system and high growth potential of the region with an exciting future ahead. Santander UK is committed to providing the support needed for such businesses to excel.”

Learn more about MetaCompliance in the Vision 2024 Northern Ireland Awards booklet below, or more about Vision 2024: Leaders Driving Growth Awards on its webpage, here.

Read the Awards booklet

Media contacts

James Gribben, BVCA: jgribben@bvca.co.uk

Notes to editors

About the British Private Equity & Venture Capital Association

The BVCA, as the representative body for private equity and venture capital, connects institutional investors, fund managers, companies, advisers and service providers together, with our membership currently comprising more than 600 businesses from across the private capital ecosystem. This includes more than 250 PE and VC firms, 100 institutional investors and 200 professional services firms.

Private capital drives growth – providing the funding, expertise and long-term view that enables companies to innovate and flourish. Our mission is to advocate the transformative nature of the private equity and venture capital community.