London, UK-based Integrity360 acquired Stockholm, Sweden-based Netsecure.
They are both providers of cyber security services.
The amount of the deal was not disclosed.
The acquisition will enable Integrity360 to expand into the Nordic region, with Netsecure serving as its platform, and operating with the benefit of the full resources and capability of the existing Integrity360 business.
Founded in 2015 and led by Jan Lindblom, Founder and Managing Director, Netsecure employs approx. 40 employees in Stockholm, Sweden. For the last 4 years Netsecure has achieved growth rates of over 35% pa, and during 2023 expects sales of circa €10m.
Combined with Netsecure the enhanced group expects sales of circa €110m during 2023, and in addition to Netsecure expects to complete further acquisitions as part of its Pan European expansion plan during the year. All of Netsecure’s employees will remain with the group, bringing the headcount of Integrity360 group to circa 360.
Led by Ian Brown, Executive Chairman, Integrity360 is a cyber security specialists operating from office locations in the UK, Ireland and Bulgaria. The group provides a comprehensive range of professional, support and managed cyber security services that identify and assess, protect and prevent, detect and analyse and respond and recover cyber risks and threats. Working either independently or as an extension of a organisations own team, Integrity360 strengthen security postures for both mid market and enterprise organisations across a wide range of sectors including financial services, insurance, government, healthcare, retail, telecoms and utilities.
During June 2021 the company received a major strategic investment from London based private equity firm August Equity as part of a significant growth and expansion plan that will build the brand internationally.
FinSMEs
10/05/2023