April 2026
🚀 VC round data is live in beta, check it out!
Largest Cybersecurity Public Companies in Finland
Benchmark revenue and EBITDA valuation multiples for public comps like
F-Secure, WithSecure, SSH Communications Security, Loihde and Netum Group.
 | F-Secure Corp is engaged in designing and providing a comprehensive range of Cyber-security products and services related to data security, privacy protection as well as privacy protection and digital identity protection of consumer terminal devices, networks, and devices connected to a network, sold in each case either directly or indirectly to consumers. Geographically the company earns a majority of its revenue from Europe followed by the Nordic Countries. Its products are F-Secure Total, F-Secure Internet Security, F-Secure VPN, F-Secure ID Protection, and F-Secure Scam Protection. | $2 | -9% | $360M | $530M | 3.1x | 8.7x | ||
| WithSecure Corp, formerly F-Secure Corp is a cyber security products and services company The Company has one segment which is security. Its solutions help to protect thousands of businesses from security threats. Geographically, WithSecure is focused on Europe and the United States, and the company's products are sold by thousands of resellers. The company's revenue is split into three categories. Cloud revenue includes the Elements platform cloud-based products, Managed Detection and Response (MDR) and Cloud Protection for Salesforce (CPSF) revenue. Onpremise revenue includes the Elements portfolio on-premise product (Endpoint protection) and other legacy products. Consulting revenue includes the cyber security consulting services. | $2 | +66% | $350M | $374M | — | — | ||
| SSH Communications Security Oyj is a provider of enterprise cybersecurity solutions that monitor, control, and automate trusted access to critical data. The company secures communications and access for and between humans, systems, and networks. The company provides software and professional services. The company products consist of Secure Mail, PrivX Hybrid PAM, Tectia SSH, and others. Geographically, the company provides its services to America, APAC, Europe, the Middle East and Africa (EMEA), and Finland. The company derives maximum revenue from Finland. The company serves to customers from Finance, Retail, Industrial, Critical Infrastructure, Healthcare, and Government sectors. | $3 | +109% | $147M | $124M | 4.8x | 67.1x | ||
| Loihde PLC is a service company for digital development and security solutions, which provides business continuity services to its customers. In digital development, the company offers its customers digital consulting, business intelligence, and data analytics services, solutions for promoting digitalization in service and software development, and services related to change management and implementation of cloud technologies. The company's security solutions cover a wide range of corporate security areas, from cybersecurity and secure network connections to locking and electronic security technology services. Geographically, the company generates a majority of its revenue from Finland and the rest from other countries. | $16 | +20% | $92M | $93M | 0.5x | 7.0x | ||
| Netum Group Oyj is a fast-growing information technology service house. The company serves public administration and corporate customers with the legacy of digi concept, which combines existing traditional information technology solutions with the latest digital applications. Netum's services include digital services development, system continuity services, data and analysis services, integration services, cyber security services, and management consulting services. | $1 | -41% | $17M | $26M | 0.6x | 10.3x | ||
| Median | $2 | +20% | $147M | $124M | 1.8x | 9.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.