VERI

Verisec

Market Cap 478.5M

Verisec is a software security company providing digital identity solutions, including mobile ID, and information security solutions such as encryption and decryption. Since it was founded, Verisec's skilled management team has been quick to adapt to the market environment, enabling the company to outgrow the security market as a whole. Verisec’s management originates from the successful Protect Data business, and they retain significant ownership in Verisec of approximately 60 percent. Verisec's compound annual growth rate has been substantial, at around 30 percent, and its EBIT margins have remained relatively stable at around 15 percent over the past 12 years. The company’s target is to achieve revenues of SEK 200 million in year 2020 with an EBIT margin of 15-20 percent.

+ more