Pirean Limited

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Pirean Limited - overview

Established

2002

Location

London, -, UK

Primary Industry

Software

About

Pirean Limited is a technology firm specializing in secure identity and access management solutions, enhancing compliance and operational efficiency for businesses in regulated sectors. Pirean Limited is a technology company that focuses on secure identity and access management solutions. Founded in 2002 and headquartered in London, UK, Pirean was acquired by Exostar, a portfolio company of Merck Global Health Innovation Fund, in September 2018. The founder, Stuart Wilson, has led the company through its development in identity management solutions.


Pirean Limited offers a comprehensive suite of secure identity and access management solutions aimed at improving compliance and operational efficiency. Their products facilitate identity governance, provide secure access management, and help organizations meet regulatory requirements in sectors such as healthcare and finance. The services offered support clients in maintaining secure environments while ensuring streamlined operations in managing user identities, thereby enhancing their overall security posture. In 2018, Pirean Limited reported a revenue of USD 2.


65 mn, while the EBITDA for the same year was USD -477,072. 3, reflecting the company’s financial performance during that period. Pirean Limited is focused on developing new identity management solutions to cater to the evolving demands of regulated industries. Plans are in place for expanding into additional markets within Europe and North America by 2024.


Recent funding from the acquisition will be utilized to enhance product development and expand the company's market reach following its acquisition in September 2018.


Current Investors

Exostar LLC

Primary Industry

Software

Sub Industries

Consumer Services, IT Security/Cybersecurity, Application Integration Software, Monitoring & Security Software

Website

www.pirean.com

Verticals

Cloud Computing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Pirean Limited - financials

Fiscal Year EndedDec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021
Revenue (USD)1,987,320---
% Revenue Growth (YoY)----
EBITDA (USD)(357,374)---
Operating Income (USD)(366,892)---
Operating Margin(18.5%)---
% EBITDA Margin(18.0%)---
NET Income (USD)(425,080)---
% Net Margin(21.4%)---

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