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Largest B2B SaaS Public Companies in Finland

Benchmark revenue and EBITDA valuation multiples for public comps like
Qt Group, WithSecure, F-Secure, Admicom and Tecnotree.

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Qt Group	Developer Tools+1	$22	-67%	$554M	$674M	2.6x	10.4x
WithSecure	Cybersecurity	$2	+84%	$350M	$374M	—	—
F-Secure	Cybersecurity	$2	-13%	$339M	$509M	2.9x	8.4x
Admicom	Industrial Software	$34	-45%	$168M	$158M	3.5x	10.7x
Tecnotree	Industrial Software+1	$6	+54%	$145M	$156M	—	—
SSH Communications Security	Cybersecurity	$2	+91%	$132M	$109M	4.2x	52.8x
Lemonsoft	ERP Software	$6	-19%	$101M	$105M	3.0x	9.7x
Loihde	Cybersecurity+1	$16	+11%	$91M	$93M	0.5x	6.7x
Aiforia	Medical Imaging & Diagnostics+2	$2	-54%	$68M	$66M	13.8x	(10.7x)
LeadDesk	Sales & Marketing Automation Software+1	$5	-39%	$27M	$39M	0.8x	4.7x
Netum Group	Business Consulting+1	$1	-46%	$16M	$26M	—	—

Financial data powered by FactSet and Morningstar. Valuation multiples as of last 12 months. For more data, start your free trial here.

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