Whistleblowing Centre AB

Whistleblowing Centre AB is a Swedish company that provides a digital platform for anonymous reporting of unethical behavior, promoting transparency and accountability within organizations across various sectors. Founded in 2011 and headquartered in Stockholm, Sweden, Whistleblowing Centre AB specializes in facilitating whistleblowing through its digital platform. In December 2019, the company was acquired by NAVEX Global, Inc. Financial terms of the transaction were not disclosed.

The company has conducted one deal to date. Whistleb specializes in providing innovative solutions aimed at enhancing communication and collaboration within organizations. Their core product offerings include a robust digital platform designed to facilitate whistleblowing and reporting of unethical behavior, thereby fostering a culture of transparency and accountability. This service primarily addresses the challenges of anonymous reporting, ensuring that employees can voice concerns without fear of retribution.

The platform has been strategically released to cater to various sectors, including healthcare, finance, and education, where integrity and compliance are paramount. Whistleb serves a diverse clientele, ranging from small businesses to large corporations, and has made significant inroads into markets across North America and Europe, where the demand for ethical reporting mechanisms is growing. In 2023, Whistleb reported a revenue of USD 4. 48 mn and an EBITDA of USD 561,700.

Whistleblowing Centre AB aims to enhance its service offerings with upcoming features designed to improve user engagement and functionality, although specific product launch dates have not been disclosed. The company plans to expand into new markets in North America and Europe by the end of 2024, aiming to increase its global footprint. The resources from the acquisition by NAVEX Global, Inc. will be utilized to support these initiatives and further develop its platform.