Cinia Group Oy
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Cinia Group Oy - overview
Established
1998
Location
Helsinki, -, Finland
Primary Industry
Software
About
Cinia Group Oy is a Finnish technology company specializing in reliable digital environments and high-availability connectivity solutions, offering a wide range of network and cybersecurity services to diverse industries. Founded in 1998 in Helsinki, Finland, Cinia Group Oy focuses on delivering critical connectivity and cybersecurity solutions. The company operates independently and has significantly evolved its service offerings in response to market demands. Libor Jakubec currently serves as the CEO, leading the organization in its mission to provide secure and efficient digital solutions to its clients.
Cinia specializes in providing highly reliable digital environments and critical high-availability connectivity solutions. Their core offerings encompass a range of network solutions aimed at ensuring speed and security, including internet connections, corporate and local area networks, data center interconnections, and international connectivity. The company also delivers cybersecurity solutions designed to protect essential data across devices, servers, networks, and applications. Additionally, Cinia develops software solutions tailored for security and professional use, facilitating the creation of modern, secure applications.
The company serves clients in Finland and other European markets, with notable clients in sectors such as healthcare, logistics, and public safety. Cinia's revenue for the year 2023 reached USD 95. 65 mn, with an EBITDA of USD 16. 89 mn.
The company generates its revenue primarily through B2B transactions, establishing long-term partnerships for its digital and cybersecurity solutions. Their business model often involves subscription-based services for ongoing support and maintenance of IT environments, software solutions, and connectivity services. Flagship offerings include secure cloud services and high-availability data center solutions, catering to clients such as Pihlajalinna and Kiilto. Cinia Group Oy is set to enhance its product offerings by launching new cybersecurity solutions aimed at improving data protection capabilities.
The company is expanding its reach into the Nordic and Baltic markets by the end of 2024, aiming to strengthen its presence in these regions. Recent funding will be utilized to support the development of these new products and facilitate entry into targeted markets, further solidifying Cinia's strategic growth objectives.
Primary Industry
Software
Sub Industries
Connectivity Software, Monitoring & Security Software
Website
www.cinia.fi
Total Amount Raised
Subscriber access only
Cinia Group Oy - timeline of key events
Cinia Group Oy - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 35,722,156 | 37,866,293.8 | 38,218,887.3 | 36,334,713.7 | 40,636,748.8 | 45,675,089.4 | 50,139,922 | 59,705,000 | 75,598,000 | - | - | - |
| % Revenue Growth (YoY) | - | 6.0% | 0.9% | (4.9%) | 11.8% | 12.4% | 9.8% | 19.1% | 26.6% | - | - | - |
| EBITDA (USD) | 6,797,756.6 | 5,300,888.5 | 3,751,896.4 | 5,129,710.5 | 6,573,261.6 | 7,544,725.1 | 9,241,822 | 14,562,000 | 17,126,000 | - | - | - |
| Operating Income (USD) | 1,880,600.7 | 83,616.3 | (231,700.7) | 1,389,482.5 | 1,757,270 | 2,213,049.3 | 3,387,024 | 6,549,000 | 7,644,000 | - | - | - |
| Operating Margin | 5.3% | 0.2% | (0.6%) | 3.8% | 4.3% | 4.8% | 6.8% | 11.0% | 10.1% | - | - | - |
| % EBITDA Margin | 19.0% | 14.0% | 9.8% | 14.1% | 16.2% | 16.5% | 18.4% | 24.4% | 22.7% | - | - | - |
| NET Income (USD) | 2,193,179.7 | (431,982.8) | (611,521.1) | 522,110.3 | 267,397.8 | 925,388.3 | 1,804,902.8 | 4,384,000 | 5,433,000 | - | - | - |
| % Net Margin | 6.1% | (1.1%) | (1.6%) | 1.4% | 0.7% | 2.0% | 3.6% | 7.3% | 7.2% | - | - | - |
Cinia Group Oy - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Kilosoft | - |
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Cinia Group Oy - employee data
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