Netox Ltd. has agreed to acquire the elfGROUP Cyber Security Services Ltd. The transaction supports Netox Ltd.’s strategic objectives to expand its cybersecurity business and services. With the transaction, Netox Ltd. will be able to offer wide range of services to better support the rapidly growing demand for cybersecurity expertise.

“We warmly welcome elfGROUP Cyber Security Services Ltd’s highly skilled and experienced professionals and its customers to Netox. Cybersecurity is a key element of today’s IT environment and it is also one of the primary focus areas that Netox have invested in. Together with the new skills and expertice that are now being transferred, we are in a better position to offer our customers the solutions they need to secure and develop their own business continuation.” Markku Korkiakoski, Cyber Security Director at Netox Ltd., says.

elfGROUP Cyber Security Services Ltd. is an ISO 27001 and ISO 9001 certified cyber security and software security company established in 2010 that provides security architecture assessments and testing on various levels of software development in IT infrastructure.

“At elfGROUP Cyber Security Services Ltd. for more than ten years, we have supported our customers, in the area of cyber security services. Security testing of companies’ IT infrastructure, online services or mobile applications, as well as the information security systems and IoT solutions, by carrying out, among other things, assessments of secure software development methodologies and deep-dive workshops on administrative and technical information security. Combined offering with Netox Ltd. provides our Customers more extensive services in many areas and provides important additional transparency for the development of software security assurance in organisations. Support from a larger organisation allows elfGROUP Cyber Security Services Ltd’s experts to focus on customer specific solutions and development of new services.” Tuomas Tonteri, CEO of elfGROUP Cyber Security Services Ltd., describes.

The business transaction between Netox Ltd. and elfGROUP Cybersecurity Services will enter into force on 1st of January 2022.

The parties have agreed that the value of the transaction will not be published.

Contact details

Markku Korkiakoski
Director, Cyber Security, Netox Ltd.
p. +358 40 660 5369

Tuomas Tonteri
CEO, elfGROUP Cyber Security Services Ltd.
p. +358 40 356 3251

Founded in 2004, Netox provides award winning, all-inclusive IT solutions by combining top expertise from international research, leading technology solutions and industry’s best practices with a strong focus on cybersecurity. Our vision is to be Customer’s most trusted and valued partner with a mission to enable and secure our Customer’s business continuity and help them to achieve and maintain both technical and operative edge in the digital world.

Netox has more than 100 highly skilled professionals in its offices in Helsinki and Oulu.