Stock exchange release, 2 June 2015, 09.00 a.m. (EEST)
F-Secure has signed a definitive agreement to acquire nSense, a privately held Danish company providing security consultation and vulnerability assessment services and products to large enterprises. The acquisition strengthens F-Secure’s position as a prominent security vendor in Europe, and lays a foundation for the company’s growth as a cybersecurity leader in the region.
nSense provides protection services to financial institutions, service providers, and other large enterprises, and F-Secure’s acquisition of the company will add these services to its own leading security solutions. The combined portfolio will allow F-Secure to provide top tier incident response and forensic expertise, comprehensive vulnerability assessment, and threat intelligence and security management services to enterprises and businesses with critical IT infrastructure. nSense’s vulnerability scanning solution, named Karhu, is actively used by enterprise customers.
nSense is headquartered in Denmark, and it has offices in Finland, Poland and Norway. In 2014 the company’s revenues amounted to approximately 7 million euros and the company was profitable.
The deal value consists of an immediate payment of 11 million euros in cash, a deferred payment of 4 million euros in F-Secure shares and an earn-out element worth a maximum of 3 million euros in cash subject to the achievement of certain milestones in the next two years.
nSense CEO Jens Thonke will join the F-Secure Leadership Team as of 2 June 2015 and lead a business line focused on security advisory and vulnerability assessment. All of the around 70 nSense employees will transfer to F-Secure.
F-Secure’s CEO, Christian Fredrikson:
“Information security threats are becoming more stealthy, sophisticated and complex, and we need to be able to provide services that help our customers prevent potential threats from becoming security incidents. nSense’s cybersecurity products and services help us expand into new industry segments and strengthen our capabilities to address the attack detection and prevention needs of enterprises. Adding their expertise to our own will let us develop new cybersecurity products, and we look forward to providing these to our customers to address their current and future security needs.”
Additional information
www.f-secure.com/enterprise-security (to be published soon after the release)
F-Secure Corporation
Christian Fredrikson, CEO
tel. +358 9 2520 0700
Saila Miettinen-Lähde, CFO
tel. +358 9 2520 0700
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nSense
nSense is a well established company with high competence in enterprise cybersecurity. nSense has offices in Helsinki, Copenhagen, Oslo and Poznan. With focus and knowledge of five main customer segments consisting of the financial-, service provider-, gaming- and -governmental sectors combined with world leading brands, nSense has quickly grown to be a leading actor on the North-European market.