Verisec has a track record of growth in security and hardware services from when it was founded in 2002. It has gradually transitioned itself into a software player in the digital identity and information security sectors. Verisec conducted an IPO in December 2014 on the First North exchange in order to access the capital markets and to meet funding for its expansion in EMEA (raised approximately 40 MSEK). They are planning to expand in Germany, Spain, Dubai and UK. The company has a goal of 200 MSEK in sales within five years accompanied with EBIT-margins between 15-20 percent.