Omegapoint Group AB
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Omegapoint Group AB - overview
Established
2001
Location
Stockholm, -, Sweden
Primary Industry
IT Security/Cybersecurity
About
Founded in 2001 by Dan Bryntze and Joakim Borell, chaired by Johan Malmliden as CEO, and based in Stockholm, Sweden, Omega point Group AB, a subsidiary to Omegapoint Holding AB (SE), is a consulting company in cybersecurity and secure digitization. The company serves blue-chip corporations from the banking and finance, insurance, automotive, media, telecom, and healthcare sectors as well as government institutions. Omegapoint Group AB acquired Qurit AB, an IT consultancy firm in the e-health, pharmaceutical, and life science sector in 2018, and Tripoint AB in 2019. In 2021, FSN Capital acquired a majority stake in Omegapoint Group AB from Priveq Investment while Omegapoint entered into a partnership with Cinode, a skills management platform.
As of 2021, the company comprises over 400 consultants across Stockholm, Gothenburg, Malmö, Umeå, and Uppsala. Omegapoint utilizes working methods such as CI/CD, Test-Driven Development (TDD), and Domain-Driven Design (DDD) and operates throughout the software stack, from the database and system integration to UX, and interfaces to offer secure digitization that enables businesses to develop their operations, processes, and assets. Additionally, the company also provides cybersecurity solutions such as information security, crisis and continuity, management system, insurance solutions, cyber training, and security awareness programs among others. The company recorded LTM sales and EBITDA for the first quarter of 2021 to SEK 515 million and SEK 76 million respectively.
Post its partnership with Cinode, the company plans on expanding its operations further in northern Europe.
Current Investors
FSN Capital
Primary Industry
IT Security/Cybersecurity
Sub Industries
Consulting Services, IT Security/Cybersecurity
Website
www.omegapoint.se
Company Stage
Mature
Total Amount Raised
Subscriber access only
Omegapoint Group AB - financials
| Fiscal Year Ended | Apr 30, 2011 | Apr 30, 2012 | Apr 30, 2013 | Apr 30, 2014 | Apr 30, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 153,165,553 | 177,545,572 | 195,134,163 | 212,597,429 | 232,375,165 | 311,285,531 | 351,177,806 | 361,657,709 | 414,906,098 | - | - | - |
| % Revenue Growth (YoY) | - | 15.9% | 9.9% | 8.9% | 9.3% | - | - | 3.0% | 14.7% | - | - | - |
| EBITDA (USD) | 10,795,580 | 10,145,115 | 14,987,247 | 19,361,175 | 23,201,238 | 34,543,481 | 32,164,892 | 40,181,581 | 54,580,053 | - | - | - |
| Operating Income (USD) | 6,375,022 | 5,617,272 | 10,139,930 | 15,405,541 | 20,648,113 | 34,046,645 | 31,594,707 | 36,708,807 | 43,989,631 | - | - | - |
| Operating Margin | 4.2% | 3.2% | 5.2% | 7.2% | 8.9% | 10.9% | 9.0% | 10.2% | 10.6% | - | - | - |
| % EBITDA Margin | 7.0% | 5.7% | 7.7% | 9.1% | 10.0% | 11.1% | 9.2% | 11.1% | 13.2% | - | - | - |
| NET Income (USD) | 2,781,429 | 2,957,655 | 6,080,144 | 10,726,171 | 15,593,469 | 26,163,148 | 23,639,100 | 19,958,243 | 28,910,220 | - | - | - |
| % Net Margin | 1.8% | 1.7% | 3.1% | 5.0% | 6.7% | 8.4% | 6.7% | 5.5% | 7.0% | - | - | - |
Omegapoint Group AB - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Omegapoint Group AB | - | ||||||||
| Add-on | Completed | Qurit AB | - | ||||||||
| Buyout | Completed | Omegapoint Group AB | - |
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Omegapoint Group AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board of Directors | BM | ||||||
| Board Member | BM |
BM Board Member
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