Columbus Global

Columbus acquires ICY Security ApS – Expands business to meet customer demand for cyber security

Share
Columbus has acquired the Danish cyber security company ICY Security ApS, with the aim to create a more complete digital offering for the customers: “ICY Security focuses on Identity & Access Management, which is also a focus point for many of Columbus’ customers that are looking to operationalize their cyber security strategy,” says Søren Krogh Knudsen, CEO & President at Columbus.

Today, Columbus announced the acquisition of ICY Security to meet customers' increasing demand for secure access to business-critical data.

“In the past couple of years, Columbus has focused on organic growth and on streamlining the core business. Having achieved organic growth in the last seven quarters, we are now adding acquisitions to augment our continued organic growth. The acquisition of ICY Security is an important investment in extending Columbus’ offerings following the increased need for cyber security services from our customers. At the same time, Columbus secures a strong position in a fast-growing market,” says CEO & President Søren Krogh Knudsen.

ICY Security is among the largest consultancies and implementation companies in the Nordics within Identity & Access Management (IAM), which includes Identity, Governance & Administration (IGA), Access Management (AM), Privileged Access Management (PAM) and CIAM (Customer Identity & Access Management). The company employs more than 50 highly skilled consultants based in Ballerup, Aarhus and Aalborg. With the acquisition, Columbus obtains a customer base comprising more than 70 customers, characterized by medium-sized and large enterprise companies.

Christian Almskou, CEO at ICY Security, sees this acquisition as a way to grow the business and offer new opportunities for all employees:

“We see that ICY Security and Columbus share many values and goals, and that both companies can reach results faster together for our customers. This is also exciting news for all ICY Security employees. Being a part of a global company opens for growth possibilities to build new competencies.”

Will be joining the Danish headquarters at Columbus

ICY Security will join their new colleagues at Columbus Denmark as a first step in the transition process. The ambition is then to expand to the rest of the Nordics where Columbus already has a strong presence with close to 1,000 employees. Globally, Columbus has around 1,500 employees.

“Our focus right now is on welcoming our new colleagues from ICY Security and to ensure that they get a strong connection with the rest of the Columbus organization,” says Søren Krogh Knudsen.

Deep inside knowledge important when it comes to Cyber Security

Columbus has a wide portfolio of digital solutions, including Cloud ERP (Enterprise Resource Planning), Change Management, and Application Management Systems. ICY Security’s expertise in cyber security and Identity & Access Management is an addition that many of Columbus’ customers are already exploring to secure their critical data.

“There are great synergies with what we are already doing. We can include ICY Security’s services in our existing operating model and customers' operations. Identity Access Management is a natural addition for us,” says Søren Krogh Knudsen.

“We work closely with all our customers, usually for an extended period of time, which means that we get to know their business inside out. This is obviously advantageous when it comes to implementing solutions like Access Management, because we already know which systems and users we need to consider.”

Søren Krogh Knudsen says that he is open for further acquisitions within cyber security:

“To be able to offer our customers best-of-breed and to accelerate the expansion in our chosen markets, we need to grow our capabilities in this key area. We are happy to be taking this first step with ICY Security and we are looking forward to continuing this journey together.”

Images

About Columbus Global

Columbus Global
Columbus Global
Lautrupvang 6
2750 Ballerup

https://www.columbusglobal.com

Columbus is a global IT services and consulting company specialized in digital transformation. Our more than 1,500 digital explorers collaborate with our customers in the manufacturing, retail & distribution, and food & process industries. We advise, implement and manage business critical solutions within Strategy & Change, Customer Experience, Digital Commerce, Data & Analytics, Application Management and Cloud ERP. Headquartered in Denmark, we have offices and partners worldwide - delivering locally on a global scale

Subscribe to releases from Columbus Global

Subscribe to all the latest releases from Columbus Global by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Columbus Global

New analysis of Columbus’ financial results for Q3 2023 and new strategy; New Heights4.12.2023 14:22:29 CET | Nyhed

The stock analysis firm, Aktieinfo, has just published an analysis of Columbus’ results for Q3 2023 and the newly published strategy - New Heights. The analysis concludes, among other things, that: "After ten consecutive quarters of growth and maintaining guidance for 2023 with organic growth expected to be between 8-12% and an EBITDA margin of 7.4-9.0%, Columbus concludes the strategic plan Focus23. All goals have been achieved. Now, new ambitious yet achievable goals are set for the period 2024-26, anticipating an annual average organic growth of 10% and a significant improvement in the EBITDA margin to 15% by 2026. Columbus is thus taking a step towards 'New Heights' for revenue, earnings, and stock prices." The analysis can we found here (in Danish): https://ir.columbusglobal.com/static-files/7dc8b8dd-b686-4a70-8dc9-5b93f513aaa5

Strong Q3 Interim Report, new ambitious growth targets for 2024-2026 and new focus on Life Science15.11.2023 09:18:19 CET | Pressemeddelelse

In the third quarter of 2023, Columbus once again delivered impressive organic top-line growth of 15% (excluding acquisitions and currency), and the increase in operating profit (EBITDA) was as much as 28%. Columbus has created a solid foundation for the upcoming strategy period – New Heights – which in particular will focus on boosting profitability with an EBITDA margin of 15% by the end of 2026. Columbus expects 10% compounded annual growth in 2024 – 2026.

New analysis of Columbus’ financial result for Q2 2023 published by Aktieinfo31.8.2023 12:16:10 CEST | Pressemeddelelse

The analysis concludes, among other things, that: Columbus delivers what is promised. Growth adjusted for acquisition and currency was achieved with 16% in the second quarter (19% adjusted for currency and including acquisitions) and 14% in the first half of the year. In the second quarter, Columbus managed to invoice 70% of the consultants' hours. This testifies increased efficiency, which is one of the goals of the Focus23 strategy. With the execution of the Focus23 strategy, Columbus appears stringent and focused on servicing the core customer group. The analysis can we found here (in Danish): https://ir.columbusglobal.com/static-files/96127943-4e58-4e34-97be-3790aa0f0a06

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
HiddenA line styled icon from Orion Icon Library.Eye