By Dominic Chopping
STOCKHOLM--Swedish private-equity firm EQT AB said Monday that it has made a "significant" investment in EC-Council, a developer and provider of cybersecurity training and certification.
"EC-Council contributes to narrowing the global cybersecurity talent gap and confronting the increasingly complex nature of cybersecurity incidents," EQT said.
Established in 2001, EC-Council develops and provides proprietary cybersecurity training and certification programs for customers in more than 145 countries, both directly and through over 700 partners. It has offices and operations in the U.S., Asia and Europe, employing about 500 people worldwide, it added.
EC-Council's founder, Malaysian technopreneur Jay Bavisi, will retain a majority stake in the company and remain as group Chief Executive, while Andrew Wait, former President of Lynda.com and EF Englishtown and former general manager at Ancestry.com, will join EC-Council's board.
Financial details weren't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
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