A Manchester cybersecurity company that helps the likes of Pets at Home, William Hill and All Saints avoid bot attacks has been spun off to become a standalone business.
Netacea had been part of Intechnica, which is also based in the city, and recently raised £9m to help it expand its presence in the UK and US.
The company was started in 2018, detects bot attacks that target mobile, web and API applications and employs 100 people.
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Intechnica is backed by Mercia Asset Management, was founded by Jeremy Gidlow and Andy Still in 2006 and employs more than 70 people.
Netacea chief executive Jeremy Gidlow said: "Thanks to the support of our investors, Netacea looks forward to another year of explosive growth and innovation.
"It’s an exciting time for Netacea as we continue our growth into the US market, coupled with adding more experience to our senior leadership team."
Julian Viggars, CIO of Mercia, added: "Netacea was recently named by Forrester as a ‘Strong Performer’ in its 2022 Bot Management wave.
"It has seen explosive growth thanks to the strength of its team, business model and the rapidly growing demand for cybersecurity solutions.
"By separating Netacea from Intechnica to a standalone company, it will benefit from a more specialised focus that will help it further capitalise on significant growth opportunities. In Netacea and Intechnica we have two exciting businesses and we look forward to continuing to support them both through their next stages of growth."
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