Lyceum Capital has sold Clearswift, a digital security software company, to RUAG, a Swiss technology company active in defence and security across Europe, the US and Asia.
Lyceum first backed Clearswift in 2011, at a time when the company’s revenues were declining. During its hold period Lyceum supported investment in new product lines and extended its technology suite. The firm also supported the bolt-ons of Jedda Systems in Australia and Microdasys in Germany.
Clearswift is expected to post revenues of £23m for the current year. The company is based in Theale in Berkshire and employs around 140 staff.
Clearswift is led by chief executive Heath Davies.