Cyber security in society’s service
C-Resiliens was founded in 2022 with the conviction that with an ever increasing need for improved cyber security in Sweden and the EU, in combination with new legal requirements and regulations coming in effect already in 2024, there is an opportunity to invest and build a new type of offering in the market.
C-Resiliens made its first acquisition in 2023, by acquiring Tutus Data. Tutus is the market leader within government approved and certified encrypted communications products within the restricted/restraint classification level to customers in Sweden and in the EU. The company has sales of 211 MSEK and an EBIT of 40 MSEK.
The global annual cost for cyber-crime is estimated to reach 8 trillion USD in 2023, which makes it a significant threat to global digitalization. Increased digitalization across global industries is identified in Formica’s Solutions Map as a main contributor to reach the UN Sustainable Development Goals and the Paris agreement.