Vitruvian Partners acquires Outpost24 from Monterro

Outpost24’s next phase of growth will get a boost from the purchase, the firms said.

  • Outpost24 management and key employees will remain significant minority shareholders
  • Vitruvian has previously invested in several cybersecurity companies including Bitdefender, CFC and Darktrace
  • Monterro bought Outpost24 in 2016

Vitruvian Partners has acquired a majority stake in Swedish cyber risk management platform Outpost24 from Nordic growth investor Monterro. The deal will power Outpost24’s next phase of growth with the company’s management and key employees retaining significant minority stakes.

Vitruvian Partners is a London-headquartered private equity firm that focuses on leveraged buyout and growth capital investments in middle-market companies. It has offices across the globe and looks for companies with a minimum valuation of $75 million. It has $10 billion in assets under management and has invested in over 70 companies. It has an established track record of investing in successful cybersecurity companies, most recently Bitdefender which it has been involved with since 2017. It has also invested in CFC and Darktrace.

“As the frequency and cost of cyber attacks is quickly increasing, Outpost24 has developed an unrivalled full stack cyber risk management platform that creates tremendous value for businesses around the world,” said Jussi Wuoristo, partner at Vitruvian Partners. “Vitruvian has backed several exceptional global leaders in cybersecurity and we are excited to partner with the team at Outpost24 to help accelerate the company’s international expansion and product innovation.” 

Karlskrona headquartered Outpost 24 has a full stack cyber risk management software as a service platform that looks to address the rising need for cybersecurity for businesses. Outpost24 has offices across Europe and the US and has plans to invest in international expansion in the coming years.

“Through our partnership with Vitruvian we will have increased opportunities to empower security and business leaders to identify cyber threats and secure their organizations with speed and confidence,” said Karl Thedéen, CEO at Outpost24. “The new investment will bolster our ambition to become a global cybersecurity champion by accelerating our product roadmap and increasing our sales and marketing efforts.”