Cognosec AB, a Cyber Security specialist with operations in EMEA has been approved for listing on Nasdaq First North in Stockholm. It aims to grow by buying other cyber specialists.
Cognosec says it is experiencing good sales development and is in negotiations regarding several new contracts within the areas of Managed Cyber Security Services, Penetration Testing and Intrusion Prevention Services. In addition, the Company has identified several acquisition opportunities that could strengthen the offering further.
A listing of the Company’s shares on Nasdaq First North increases the visibility, which is expected to increase the interest in its products and services, it says. A listing will also increase the company’s transparency, which builds credibility and brand among key audiences such as existing and potential customers and key employees. A listing also provides improved access to the capital markets and the ability to use the company’s shares as payment in acquisitions.
Jacobus Paulsen, Chairman of the Board in Cognosec says: "Cognosec has shown strong organic growth and has considerable potential for further acquisitions. Cognosec is an accredited, profitable and debt free company that offers multiple Cyber solutions around the globe. We will continue to establish operational centres in key geographies by acquiring cyber companies to expand the products and services of the Cognosec portfolio. We now have a scalable platform in place which will strengthen our market position and the listing will be a key milestone in our development.”