MSSP Integrity360 acquires Netsecure to bolster Nordic market coverage

The Irish partner has bought Sweden-HQ Netsecure for an undisclosed sum.

Integrity360 is acquiring Swedish cyber security service provider Netsecure, as part of its Pan-European expansion.

The acquisition enables Dublin-HQ Integrity360 to expand into the wider Nordic region.

Netsecure was founded in 2015, employs around 40 employees and is headquartered in Stockholm, Sweden.

The company says it reported growth rates of around 35 per cent per annum for the last four years, and it expects sales of circa €10m during FY2023.

All of Netsecure's employees will remain with the group, bringing the headcount of Integrity360 group to around 360.

"This is a significant and exciting milestone for us and we are delighted to welcome the Netsecure team to Integrity360," commented Ian Brown, executive chairman at Integrity360.

"The enhanced group will now significantly expand our activities and services throughout the Nordic region in addition to continuing our growth as an 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.

Jan Lindblom, Founder and Managing Director of Netsecure also commented: "I am delighted that Netsecure is joining Integrity360 and continuing the growth journey that we started some eight years ago.

"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.

"Our skills combined with those of Integrity360 will provide an extension of our portfolio of professional, support and managed services. This is great news for employees, customers, and partners.

"Our 2 companies are highly complementary, with common strengths in cyber infrastructure, and SIEM technologies."

Brown added: "In addition, our teams are a great cultural fit, and we are excited to help Integrity360 serve even more customers and provide new opportunities for our own employees to thrive as part of the enlarged group.

"I look forwarding to working closely with Ian and the Integrity360 team as we ramp up our expansion over the coming years".

The terms of the transaction were not disclosed.