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Truesec

Employees
c. 220
Business Areas
3
Complex investigations performed in 2021
170+
Mitigated incidents in 2021
9,000+
Status
Current
Country
Sweden
Strategy
Mid Cap
Sector
Business Services
Entry
Nov-21
Fund
IK IX

Leading independent cybersecurity service provider

Truesec is the leading independent cybersecurity service provider in Sweden, focusing on preventing and reducing the impact of cyberattacks for both the private and the public sector.

Founded in 2005, Truesec has grown organically at a high pace to become a Nordic powerhouse and go-to provider of cyber security services. Their offering enables the provision of end-to-end cybersecurity, covering the full value chain, including prediction, protection, detection, response and recovery through a combination of consulting, incidence response and a security operations center (“SOC”).

IK Partners acquired Truesec in November 2021 from Sobro alongside management and employees who will be reinvesting.  

What Attracted us to the Business

  • Strong underlying growth within cybersecurity services
  • Market-leading position
  • Winning SOC offering
  • Strong and committed management team

Our Value Creation Strategy

We are working alongside management to:

  • Continue to recruit the best talent within the cybersecurity industry;
  • Cement position as Nordic champion through selective M&A and continued growth in the digital platform; and
  • Expand into the new innovative new segments as well as underserved markets outside the Nordics.

Quote from the Client

“We firmly believe that a partnership between Truesec and IK will form a solid basis for capturing value creation opportunities across several dimensions, specifically helping us to further solidify the Group’s market position in the Nordics as well as expand its presence outside current core markets.”

Anna Averud, Chief Executive Officer, Truesec

“We’re delighted to have IK’s trust and support as we mark the beginning of Truesec’s journey to become an international leader in cybersecurity. The demand for our expertise and capabilities to prevent breach and minimise the impact from cybercrime has never been greater. With IK’s support, we are confident that we will become a stronger partner to our clients and be able to expand our international footprint to create world-class solutions to meet the global challenge of defending against cybercrime today and tomorrow.”

Marcus Murray, Founder, Truesec

Investment Team

Maria Brunow

Partner
Stockholm

Alireza Etemad

Partner, Industrials Sector Lead
Stockholm