Protecht, a Sydney-based risk management software company started by two former PwC colleagues in 1999, has received a $US280 million ($445 million) investment from US investment firm PSG Equity, which buys out its earlier external investors and becomes the majority owner.
The company has been a low-profile but high-achieving member of Australia’s private technology sector and didn’t take on external funding until 2022. Its lead backer in that investment, US-based Arrowroot Capital, has sold the entirety of its 27 per cent stake in the company in the new transaction.
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