Integrity360 begins Nordic drive with Netsecure purchase
Integrity360 is expanding into the Nordic region follogint the acquisition of Netsecure. Financial terms of the deal were not revealed.
Netsecure was founded in 2015, employs approximately 40 employees and is headquartered in Stockholm, Sweden. For the last four years, Netsecure has achieved growth rates of over 35% per annum and during 2023 expects sales of circa €10 million. 2022 was also a highly successful year for the Integrity360 group with order growth of approximately 30% and sales of circa €85 million.
Combined with Netsecure, the enhanced group expects sales in the region of €110 million during 2023. All of Netsecure’s employees will remain with the group.
Ian Brown, Executive chairman at Integrity360, said: “The enhanced group will now significantly expand our activities and services throughout the Nordic region, in addition to continuing our growth as the leading independent cyber security services specialist throughout the UK and Ireland. 2023 will also see the group expand into other major geographic markets.
“Our resources and track record are now considerable with over 250 cybersecurity engineers, analysts, consultants and specialists, the group provides a comprehensive range of end-to-end services and solutions to business organisations for all their cyber security needs. The group’s innovative range of services were recently recognised for a third time in a Gartner market guide, namely as a Representative Vendor in the Gartner market guide for Managed Detection and Response services and we look forward to offering those and other innovative cyber services to the Netsecure customers in the coming weeks and months”.
Jan Lindblom, founder and managing director of Netsecure, said: “Thanks to the support of our customers and employees Netsecure has become a well-respected cyber services provider within Sweden. We are excited to continue that journey but also with Integrity360’s support, allowing us to expand and cover additional markets within the Nordics.”
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