I-TRACING
I-TRACING is a Paris-headquartered managed cybersecurity services provider founded in 2005, offering MDR, Identity & Access Management, Cloud Security, and Data Protection to enterprise clients across Europe. The firm operates a 24/7 follow-the-sun SOC, develops proprietary AI-driven security tools, and pursues a PE-backed buy-and-build expansion strategy.
- Company typePrivate
- Founded2005
- HeadquartersCourbevoie, France
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What I-TRACING does
I-TRACING is a Paris-headquartered managed cybersecurity services provider founded in 2005, delivering a unified portfolio of four core service lines: Managed Detection and Response (MDR) anchored on a 24/7 follow-the-sun SOC and CERT, Identity and Access Management (IGA) with SailPoint IdentityNow integration, Automation and Cloud Security, and Data Protection. The firm serves large enterprise clients across Europe and adjacent markets, with named references including Groupe Rocher (25,000 identities managed across 20 applications), Canal+, L'Oréal, and Mediawan. I-TRACING operates seven country entities (France, UK, Switzerland, Germany, Canada, Hong Kong, Malaysia) and has scaled headcount from a 2021 base to a current 501–1,000 employee range, targeting approximately €150 million in revenue for 2024.
The underlying technology stack combines proprietary AI-driven tooling with vendor platform integration. Notable proprietary assets include a specialized LLM Security Audit Framework covering 12 OWASP Top 10 attack typologies (prompt injection, data poisoning, model theft, hallucination, pre-prompt extraction) and an AI-powered code analyzer built on LLM autonomous agent architecture, enriched with Cyber Threat Intelligence from MITRE ATT&CK and OpenCTI sources. I-TRACING also conducts offensive security testing (DACL misconfiguration audits, BloodHound-based ACL analysis, Shadow Credentials assessments). Strategic vendor integrations with SailPoint (identity governance) and Tanium (endpoint/AEM, GOLD sponsor of Tanium Converge Paris) provide co-sell channels and embedded delivery positions.
I-TRACING generates revenue through managed security subscriptions (recurring annual contracts), professional services for IAM/cloud integration projects, and consulting engagements, all delivered via direct enterprise field sales. The business is expanding through a PE-backed European buy-and-build strategy: a €180 million continuation fund led by Eurazeo with co-investors Oakley Capital, Sagard NewGen, Five Arrows, and TPG GP Solutions (Nov 2024, post-money €1.08B) is funding acquisitions including Apalia (cloud/automation, 2023), Bridewell (UK, 2025), and doIT solutions (Germany, 2025). The go-to-market is anchored on regulatory tailwinds from NIS2, DORA, and GDPR, targeting enterprise, critical infrastructure, and public sector clients.
I-TRACING firmographics
Firmographics- Name
- I-TRACING
- Legal name
- I-TRACING SAS
- Website
- https://i-tracing.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- I-TRACING is a Paris-headquartered managed cybersecurity services provider founded in 2005, offering MDR, Identity & Access Management, Cloud Security, and Data Protection to enterprise clients across Europe. The firm operates a 24/7 follow-the-sun SOC, develops proprietary AI-driven security tools, and pursues a PE-backed buy-and-build expansion strategy.
- Ownership category
- akta.pro rank
I-TRACING industry classification
Industry- Product category
- Managed Cybersecurity Services
- NAICS
- Computer Systems Design and Related Services (54151), Security Systems Services (56162)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Endpoint Security Managed Services (EDR/XDR) (BPAEADAH)
- akta.pro secondary industries
- Cloud Security Logging, SIEM/SOAR & Threat Detection (HDABAHAL), Attack Surface Management (EASM/CAASM) (HDADAHAC), Data Security & Privacy for Cloud (DLP, DSPM, Tokenization) (HDABAHAK), Vulnerability Intelligence & Exploit Prediction (HDADAHAI)
Keywords
Where I-TRACING is headquartered
LocationHeadquarters
- HQ city
- Courbevoie
- HQ country
- France
- HQ region
- Europe
Offices6 records
Markets served
I-TRACING business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Managed Cybersecurity Services: I-TRACING provides managed detection and response (MDR) services on a recurring subscription basis to enterprise clients across Europe. Revenue is driven by managed security contracts, SOC monitoring, and incident response services.
- Professional Services (Integration & Consulting): Integration and consulting services for identity management deployments (e.g., SailPoint IdentityNow implementations) and other cybersecurity consulting engagements, delivered on a project or retainer basis.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise managed cybersecurity services |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels5 records
I-TRACING product offering
Product offeringCore offering
I-TRACING is an independent managed cybersecurity services provider delivering four core service lines: Managed Detection and Response (MDR) via a 24/7 follow-the-sun SOC and CERT, Identity and Access Management (IAM) including SailPoint IdentityNow implementations, Automation & Cloud Security built around cloud, containers, and IT automation, and Data Protection covering GDPR-aligned controls. The portfolio is enriched by proprietary tooling such as an LLM Security Audit Framework and an AI-powered code analyzer built on autonomous agents with Cyber Threat Intelligence enrichment.
Product overview
I-TRACING is a managed cybersecurity services provider offering a unified portfolio of security services including Managed Detection and Response (MDR), Identity and Access Management (IAM), Data Protection, and Automation & Cloud Security. The company operates a 24/7 follow-the-sun SOC and CERT for continuous threat monitoring. I-TRACING has expanded through acquisitions (Apalia for cloud/automation, doIT solutions for German market) and partnerships (Bridewell for UK). Their service offering includes proprietary tools such as an LLM Security Audit Framework for AI application security testing and an AI-powered code analyzer leveraging autonomous agents and threat intelligence for APT detection.
Differentiator
Problem solved
Functional benefit
Products and services
- Managed Detection and Response (MDR) Services 24/7 Managed Detection and Response service providing continuous security monitoring, advanced analytics using machine learning and AI, real-time threat detection, incident management, and incident response for enterprise clients.
- Identity and Access Management (IAM) Identity governance and administration services including SailPoint IdentityNow SaaS implementation, centralization of identity management, and consolidation of fragmented identity systems for enterprise clients managing thousands of identities across integrated applications.
- Automation and Cloud Security
Quantifiable outcome
- Targeting approximately €150 million in revenue for 2024, having more than doubled in size over three years.
- +1 more outcomes
Companies that use I-TRACING
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
I-TRACING technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability10 records
Feature6 records
I-TRACING partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- doIT solutionscoreI-TRACING acquired doIT solutions to expand into the German market (DACH region). This acquisition supports I-TRACING's international growth strategy and strengthens its presence in the German-speaking European market.
- TaniumcoreI-TRACING is a GOLD sponsor of the Tanium Converge World Tour Paris and serves as a trusted integration partner for Tanium's endpoint security and patch management solutions. The partnership leverages Tanium's AEM (Autonomous Endpoint Management) platform within I-TRACING's MDR and vulnerability management services.
- SailPointcoreI-TRACING serves as an integration partner for SailPoint, deploying the SailPoint IdentityNow SaaS platform for enterprise clients such as Groupe Rocher. I-TRACING completed a SailPoint IGA implementation managing 25,000 identities across 20 applications in six months.
- Bridewell ConsultingcoreI-TRACING acquired Bridewell Consulting, a UK-based cybersecurity firm, to strengthen its presence in the UK market and complement its managed cybersecurity services portfolio. The acquisition expands I-TRACING's footprint in the British cybersecurity market.
- ApaliacoreI-TRACING acquired Apalia, a Franco-Swiss engineering and services company specializing in Cloud, Containers, and IT Automation. The acquisition strengthened I-TRACING's cloud security capabilities and supported its international growth in Europe, particularly in Switzerland and the DACH region.
Scale indicators4 records
Recent moves6 records
Expansion highlights7 records
I-TRACING competitors and assessment
Company assessmentDirect peers
- Devoteam: Devoteam is a French-headquartered IT consulting firm with a strong cybersecurity practice (Devoteam Cyber Trust) offering managed security, cloud security, and identity services to enterprise clients across Europe, directly competing with I-TRACING in the French and DACH markets.
- Trustwave: Trustwave is a global MSSP and MDR provider offering managed detection and response, penetration testing, and database security services to enterprises worldwide, with comparable managed security services to I-TRACING but broader geographic footprint.
- NCC Group: NCC Group is a UK-based cybersecurity and resilience firm offering managed detection and response, penetration testing, identity, and compliance services. It is one of I-TRACING's most direct comparables following the Bridewell acquisition and competes head-to-head in UK enterprise cybersecurity.
- WithSecure: WithSecure (formerly F-Secure) is a Nordic-headquartered cybersecurity firm offering managed detection and response, cloud security, and consulting services to European enterprises, providing a comparable MSSP and identity service portfolio.
- NVISO Security: NVISO is a Belgian-headquartered cybersecurity services firm specializing in managed security, offensive security, and identity services for European financial services and enterprise clients, comparable in scale and service mix to I-TRACING.
- Orange Cyberdefense: Orange Cyberdefense is the dedicated cybersecurity subsidiary of Orange Group and the largest MSSP in France/Europe, offering MDR, SOC, threat intelligence, and consulting services to enterprise clients across similar verticals as I-TRACING.
Broad incumbents
- Sopra Steria Cybersecurity: Sopra Steria is a major European IT services firm with a significant cybersecurity division offering managed security, identity, and compliance services. As a larger incumbent, it overlaps with I-TRACING across European enterprise accounts but within a broader digital services portfolio.
- Thales Cybersecurity: Thales operates a major cybersecurity division offering managed security, data protection, identity, and consulting services to critical infrastructure, defense, and enterprise customers in France and internationally, overlapping with I-TRACING in regulated verticals.
- Atos (Eviden): Eviden (the digital, cloud, and cybersecurity business of Atos) is a large European IT services and cybersecurity provider offering managed security, SOC, and identity services to enterprise and public sector clients, overlapping with I-TRACING across continental Europe.
- Capgemini: Capgemini is a global IT services leader with a substantial cybersecurity practice offering managed security, identity, and cloud security services to multinational enterprises. It competes with I-TRACING for large French and European enterprise contracts but as part of a broader digital transformation portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
I-TRACING social profiles
Digital presenceI-TRACING financial estimates
Financial estimateRevenue estimate
Valuation estimate
I-TRACING leadership team
Management profileNumber of profiles
Profiles2 records
I-TRACING subsidiaries and ownership
Company hierarchySubsidiaries8 records
I-TRACING funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
I-TRACING M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about I-TRACING
What does I-TRACING do?
I-TRACING is an independent managed cybersecurity services provider delivering four core service lines: Managed Detection and Response (MDR) via a 24/7 follow-the-sun SOC and CERT, Identity and Access Management (IAM) including SailPoint IdentityNow implementations, Automation & Cloud Security built around cloud, containers, and IT automation, and Data Protection covering GDPR-aligned controls. The portfolio is enriched by proprietary tooling such as an LLM Security Audit Framework and an AI-powered code analyzer built on autonomous agents with Cyber Threat Intelligence enrichment.
Is I-TRACING a public or private company?
I-TRACING is a private company. It is classified as private equity controlled and is currently operating.
When was I-TRACING founded?
I-TRACING was founded in 2005. It employs 501 to 1,000 people.
Where is I-TRACING based?
I-TRACING is headquartered in Courbevoie, France, in the Europe region.
How does I-TRACING make money?
Two revenue lines are on record. Managed Cybersecurity Services are the primary driver. The others are professional Services (Integration & Consulting).
Who are I-TRACING's main competitors?
Direct peers on record are Devoteam, Trustwave, NCC Group, WithSecure, NVISO Security and Orange Cyberdefense. Broad incumbents are Sopra Steria Cybersecurity, Thales Cybersecurity, Atos (Eviden) and Capgemini.
Does I-TRACING have an API?
No public API is recorded for I-TRACING.
What industry is I-TRACING in?
I-TRACING's product category is Managed Cybersecurity Services. Its primary akta.pro industry code is BPAEADAH, Endpoint Security Managed Services (EDR/XDR), with a secondary code of HDABAHAL, Cloud Security Logging, SIEM/SOAR & Threat Detection. Its NAICS code is 54151 and its SIC code is 7370.