Allurity

Pure-play cybersecurity service provider with the mission to enable a safe digital world

Subheadings

At a glance

Year of investment: 2021
Revenues 2022: EUR 65m
Number of FTEs 2022: 362
CEO: Frida Westerberg
Board: Michael Olsson, Joachim Zetterlund, Yolande Young, Samir Kamal, Johan Lundén & Ludvig Lundsten

Website
iStock-1153350390
Allurity

Business description

In October 2021, Trill Impact acquired the initial companies to form a strong platform for future expansion, jointly called Allurity, to address the strong societal need for improved cyber resilience. Today, the Group offers a full range of cybersecurity services, ranging from proactive to reactive services and software, including cyber threat intelligence, 24x7x365 managed detection and response, incident response and tech-enabled consulting to strengthen customers’ cybersecurity posture.

“I am thrilled about our exciting journey ahead. Cyberthreats are a large and rapidly growing societal issue and we see an opportunity in building a leading powerhouse of tech-enabled cybersecurity services providers across Europe. Together, we have the common goal of combating cybercrime and enabling a safe digital world.”

- Frida Westerberg, Group CEO

Return with Impact investment rationale

In today’s digital world, the IT security of governments and companies is at risk as an increasing number of organizations digitalize their operations without ensuring that adequate cybersecurity measures are put in place. An increasing number cyberattacks is causing serious security concerns, and if not properly safeguarded, vulnerabilities can lead to disastrous effects on organizations and society at large. Notably, the global cost of cybercrime today is estimated to EUR 5.5 trillion. Key focus areas for the Group:

  • Contributing to society by reducing the high societal costs of cyberattacks and enabling a safe digital world through strengthening customers’ cybersecurity posture
  • Bridging the skills gap and mitigating the shortage of technical skills in the market by adding and fostering cybersecurity specialists
  • Accelerating value creation for cybersecurity companies that join the Group, while providing maintained entrepreneurial and operational flexibility
  • Supporting management teams of cybersecurity companies through a central team dedicated to driving overall strategy, M&A agenda, talent management, business control, marketing, as well as providing operational support to accelerate growth

Allurity’s solution

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

TI (115)

Social/Environmental 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

Allurity News

20 February 2024

Press Release: Allurity and SRLabs joining forces

Cybersecurity group Allurity strengthens its position through the acquisition of globally recognized SRLabs.

PRESS RELEASE

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