Allurity

On a journey to become an impact leader in cybersecurity

At a glance

Year of investment: 2021
Revenues 2021: SEK 132m
Number of FTEs 2021: 73
CEO: Frida Westerberg
Board: Michael Olsson, Samir Kamal, Joachim Zetterlund, Johan Lundén & Ludvig Lundsten

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Strong societal need for improved cyber resilience

In October 2021, Trill Impact acquired Arctic Group and ID North to form a strong platform for future expansion, jointly called Allurity. The group addresses cyber threats, with an initial focus on identity security, an attractive and vital vertical of the fast-growing and fragmented cybersecurity service provider market.

Arctic Group

Arctic Group is a Swedish consulting firm focusing on information security, integration services and deployment of software development tools. The company is considered a thought-leader in Identity & Access Management (“IAM”), which is an important area of an organization’s cyber security infrastructure and constitutes the core of a secure and sustainable digitalization.

Arctic Group has a well-qualified and skilled team with extensive experience from helping clients ensure a robust level of security.

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ID North

ID North is a Swedish consulting firm specializing in identity security. The company is considered a thought-leader in IAM and work with leading technology solution providers, including SailPoint, Okta and CyberArk, enabling a high level of security to safeguard clients' digital infrastructure while developing their businesses.

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Return with Impact investment rationale

In today’s mobile, digital and cloud world, the IT security of governments and enterprises is at risk as an increasing number of organizations digitalize their operations without ensuring that adequate cybersecurity measures are put in place. Identity theft, data breaches and insider threats are among the top ten cyber threats in the European Union, serious security concerns which have been further amplified during the Covid-19 pandemic given the overall increase in cyber attacks. If not properly safeguarded, vulnerabilities can lead to disastrous effects on organizations and society at large. The global cost of cybercrime today is estimated to EUR 5.5 trillion.

Key focus areas for the Group:

  • Accelerate value creation for cybersecurity businesses, scale protected identities, improve customers’ IAM resilience, bridge IAM skills gap and professionalize and measure Impact and ESG outcomes.
  • Add additional cybersecurity specialists to the Group, with the ambition to build a leading provider which improves the safeguarding of data, reduces the high societal costs of cyber attacks and mitigates the shortage of technical skills in the market.
  • The businesses are supported by a central management team dedicated to driving the overall strategy, M&A agenda, business control, as well as providing operational support to accelerate growth.

Frida Westerberg, Group CEO - “I am truly looking forward to embark on this journey together with Trill Impact, with the ambition to build a leading cybersecurity group. In Arctic Group and ID North, we have partnered with two thought leaders in identity security, and jointly they form a solid foundation for future expansion in this highly important and impactful sector”

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Allurity’s societal solution

Allurity improves cyber resilience and increases reliability by securing digital infrastructure and protecting against cybercrime.

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    Societal challenge

    Protection of digital infrastructure is an area with a strong societal need given growing cyberthreats, high societal costs of cyberattacks and shortage of technical skills in the market.

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    SDG contribution

    Identity & Access Management solutions and related skills development contributes to a reduced likelihood of data breaches, identity theft and insider threats, and is linked to SDG targets:

    Target 9.1: Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all

    Target 4.4: By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship

    Target 16.4: By 2030, significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organized crime

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