WithSecure sells its product and business related to open source data collection to Patria
Press Release | September 4, 2024
Helsinki, Finland – September 4, 2024: WithSecure is selling its open source data collection product and business to Patria, an international company in the defense and security industry. The agreement of the divestment of a business combining software and services, which falls outside WithSecure’s current strategy, was signed in June.
As a result of the transaction, 10 WithSecure experts currently working in the business area will join Patria. The parties have not disclosed the value of the acquisition.
“This is a win-win-win situation where we sharpen our focus on the Elements portfolio. Further, the data collection product and business can further develop within a well-resourced company, and Patria strengthens its cyber business area by acquiring a product and business related to open source data collection,” states Antti Koskela, CEO and president, WithSecure.
The acquisition has received the approval of the Finnish Ministry of Employment and the Economy (TEM). The business will be transferred to Patria on October 1, 2024.
WithSecure™ media relations
Inari Anttila
+358438240090
About WithSecure™
WithSecure™, formerly F-Secure Business, is Europe's cyber security partner of choice. Trusted by IT service providers, MSSPs, and businesses worldwide, we deliver outcome-based cyber security solutions that protect mid-market companies. Committed to the European Way of data protection, WithSecure prioritizes privacy, data sovereignty, and regulatory compliance.
Boasting more than 35 years of industry experience, WithSecure™ has designed its portfolio to navigate the paradigm shift from reactive to proactive cyber security. In alignment with its commitment to collaborative growth, WithSecure™ offers partners flexible commercial models, ensuring mutual success across the dynamic cyber security landscape.
Central to WithSecure's™ cutting-edge offering is Elements Cloud, which seamlessly integrates AI-powered technologies, human expertise, and co-security services. Further, it empowers mid-market customers with modular capabilities spanning endpoint and cloud protection, threat detection and response, and exposure management.
WithSecure™ Corporation was founded in 1988, and is listed on the NASDAQ OMX Helsinki Ltd.