Cybersecurity Company Nixu Strengthens Leadership in the Swedish Market

Cybersecurity Company Nixu Strengthens Leadership in the Swedish Market
18.03.2019 07:57 am

Cybersecurity Company Nixu Strengthens Leadership in the Swedish Market


The acquired cybersecurity business unit is focused in hunting and detecting breaches and threats in their clients’ networks as a continuous managed service. This business and client relationships help Nixu to strengthen its market position as one of the largest cybersecurity service providers in the fragmented Swedish market. Nixu has earlier acquired three companies in Sweden since entering the Swedish market in 2016. The acquired cybersecurity operations reported about MEUR 1.6 in revenue in 2018 and are growing fast.

Nixu’s strategic vision is to become the number one choice as a trusted cybersecurity partner of digitalization for companies headquartered in Northern Europe and the best place to work for cybersecurity professionals. Nixu aims at building a strong local market presence in Finland, Sweden and the Netherlands, and constantly explores opportunities to expand into new markets in Northern Europe. 

“The European cybersecurity market is fragmented and offers growth potential both organically and via acquisitions. Vesper Group selling its cybersecurity business and starting a partnership with Nixu is a clear sign that the market requires special, dedicated expertise, which is a key competitive advantage of Nixu,” said Nixu CEO Petri Kairinen“We have been successful in building a stable foundation for growth in Sweden. Vesper Group’s team will bring us more volume and also improve our profitability. The newly acquired team combined with our world-class 24/7 Nixu Cyber Defense Center service, will enable us to provide even better and more extensive services to our clients worldwide for detecting and responding to security breaches and threats.”

Nixu has grown fast with double-digit rates for several years. In 2018, Nixu reported MEUR 40.1 in revenue and the company employs nearly 400 experts worldwide.

The signed acquisition is expected to have a closing by April 1, 2019. The agreement is subject to clients’ approval for the transfer of their agreements to Nixu. Nixu will acquire the business for a cash payment of about MEUR 1.6.

Related News

F-Secure’s Cyber Threat Landscape for the Finance Sector highlights the broad range of threats facing the global finance industry

Thieves have been stealing money from banks since the 18th century. And while today’s thieves use cyber attacks to steal money from financial institutions, a new report from... Read more »

Nivo Reveals New Report Highlights Security Risks When Using SMS and Email

Nivo, the Manchester-based instant messaging and identity verification platform, today published a research report which highlights the security risks of financial firms using... Read more »

La Fosse Associates Launches Pro Bono Cyber Security Recruitment Practice to Protect Vulnerable Charities From Cybercrime

Specialist provider of tech and cyber-security staffing solutions, ... Read more »

HooYu Identifies 1 in 8 Disqualified Directors are Abusing the Commercial Register

Research by fraud investigation technology provider HooYu has identified loopholes at Companies House that enables individuals to register as a director, to run businesses and... Read more »

Accuity Launches AI-Powered Financial Crime Compliance Screening to Detect and Prioritise Highest Risk Individuals

Accuity, the leading provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, has announced its AI-driven account screening capability, ‘... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel