SECUDE International AG

SECUDE International AG, based in Lucerne, Switzerland, specializes in data protection and governance, providing robust solutions to secure sensitive data, particularly for enterprise clients in North America and Europe. SECUDE International AG focuses on data protection solutions for enterprise clients, ensuring security for sensitive data. Founded in 1996 in Lucerne, Switzerland, the company has executed a total of 3 deals. The current CEO is Eric Kang, with Heiner Kromer also in leadership.

COI Partners has exited its stake in SECUDE International AG, although financial terms remain undisclosed. Secude specializes in data protection and governance, offering key products that extend Microsoft Purview Information Protection (MPIP) to safeguard sensitive data from SAP exports and CAD files. The core offerings, including HaloCORE, HaloCAD, HaloSHARE, and HaloCONNECT, provide automatic monitoring and security for data as it travels, ensuring compliance with various regulations, such as CMMC and GDPR. HaloCORE is designed to secure all exported data from SAP, while HaloCAD specifically protects intellectual property within CAD applications.

HaloSHARE facilitates secure bulk file management, and HaloCONNECT ensures secure collaboration across supply chains. Secude serves a diverse client base, comprising enterprise businesses across North America and Europe, which face heightened risks of data breaches due to a multitude of employees, partners, and devices. Secude generates revenue primarily through direct B2B transactions, offering subscription-based services for its core products. Clients engage in annual or multi-year agreements to access Secude's data protection solutions, with pricing structures that reflect the specific needs and scale of the client's operations.

The business model is based on providing comprehensive security solutions that include encryption, monitoring, and compliance features, ensuring customers can demonstrate regulatory adherence effectively. The suite of products, particularly the HaloCORE and HaloCAD systems, forms the backbone of Secude’s offerings, leading to recurrent revenue through ongoing support and updates. This transactional framework allows clients to maintain robust data security while minimizing the risk of costly breaches and regulatory fines. SECUDE International AG is focused on developing new products to enhance their service offerings and expanding into additional geographic markets.

The company is targeting growth in the Americas and Asia by the end of 2024. Recent funding will be utilized to support these initiatives, particularly in product development and market entry strategies.