Small company with eleven staff, but rapidly expanding in security and IoT
European Distributor ALSO has acquired Internet Smartsec, a Finnish importer and value-added distributor of security and network products, for an undisclosed sum. The company has eleven employees.
Internet Smartsec‘s portfolio encompasses secure e-commerce solutions, VPN routers, user identification equipment, smart cards, encryption technology, IDS and filtering products, as well as various firewall devices. The company also provides consultation and training in data security and data networks. In 2016, Internet Smartsec’s net sales reached €4.5m, a 61% increase compared to the previous year.
“The expertise and product portfolio of Internet Smartsec perfectly complement our range of solutions. Now we can support the growth of our customers by offering them more extensive expertise and a wider product portfolio in the growing network and security market, which will serve as an important basis for the Internet of Things. In leveraging Internet Smartsec offers on a European scale, we will be in a position to expand our Solution and Service business,” said Gustavo Möller-Hergt, CEO of ALSO.