Strong ownership accelerates growth, Netox’s success is also based on competence development
Netox continued to grow strongly in 2022, with turnover reaching 22.7 million euros, an increase of 44% compared to the previous year. Growth was driven by strong customer relationships, successful customer acquisition and successfully completed projects.
The growth has not come by chance, as business expansion is Netox’s key strategic goal. However, this has not led to speed blindness or growth at any cost, but growth has been sought through competence development, talent recruitment, increasing the maturity of services and considered investments. Ensuring the continuity of customers’ business and integrating cyber security into modern IT services has been reflected in the expansion of the customer base and territorial conquests in completely new market areas.
“We continue to increase the maturity of our services in both our IT Services and Cyber & Cloud Security business units,” says Netox CEO Mikko Luhtaniemi. “Our customers’ information systems are professionally managed and they understand that investments must be made to secure business continuity. Because of this, there is an ever greater need for service packages that combine modern IT services and cyber security.”
One significant event of the past year was the arrival of the investment company Capman Buyout as the company’s majority shareholder. A strong and well-known owner accelerates Netox’s growth in the domestic market and in selected international regions. Another significant event was the expansion of the cyber security services portfolio to include offensive information security services through a successful business deal.
The year 2023 has started in accordance with the strategy, growing profitably and serving customers. Netox Oy also received a new addition to the Cyber & Cloud Security business unit, Sakari Pihlhjerta moved from Nixu Oyj on 1 February 2023 to lead the Cyber & Cloud Security business.