NorthEdge has sold cybersecurity distributor Distology to Foresight Group, marking the private equity firm's ninth technology exit and third realization from its SME Fund I. The Stockport-based company serves customers across the UK and Northern Europe from operations in the Netherlands and Germany, and achieved a 48% EBITDA CAGR over the two years to FY26. North Edge first backed Distology in February 2021 in its first institutional investment, supporting founder and chief executive Hayley Roberts in broadening the vendor portfolio, deepening technical capability and scaling internationally.

The investment will enable Foresight to fund continued investment in personnel, technology and strategic initiatives as the company extends its reach across Europe. Distology's growth included the acquisition of Squareball in 2022 and appointments of a chief technology officer and chief commercial officer. North Edge's three SME Fund I exits have delivered a blended 4.3x gross MOIC.