Eyeonid Group AB (publ)

Eyeon Group provided a market update for the first quarter of 2025. By the end of March, the company's Annual Recurring Revenues (ARR) reached SEK 32.3 million, or SEK 44.3 million including Safestate, marking a 153% increase from the previous year. The number of active subscriptions grew to approximately 314,700, or 540,700 including Safestate, up from 237,300 in March 2024. The Average Revenue Per User (ARPU) increased to SEK 81.94 from SEK 73.90 the previous year. The number of products per customer rose to 2.9 from 1. Eyeon Group signed a strategic reseller agreement with Locon SP. Z o. o. Group to market its services in Poland and entered a conditional agreement to acquire Safestate AB. Additionally, Talkmore, a Telenor Norway subsidiary, launched an ID protection service using Eyeon Group's solution. Eyeon Group also agreed on a Letter of Intent to sell its ID protection service to a leading international cybersecurity company, aiming to finalize the agreement in the second quarter. Eyeon Group, founded in 2015, is a leading provider of SaaS solutions in cyber security, offering a range of services for the B2B market.

EyeonGroup has signed a formal reseller agreement with Locon SP. Z o. o. Group, a Polish technology company, to distribute its services in Poland through a major international telecommunications operator. This agreement is part of EyeonGroup's strategy for international expansion and provides access to the Polish market, with potential for further rollouts in other markets. The agreement includes an initial startup fee and ongoing revenue based on user volume, with a launch planned for the second quarter of 2025. EyeonGroup, established in 2015, offers SaaS solutions in cybersecurity, focusing on industries like banking, finance, and telecom.

Eyeon Group AB has signed a Letter of Intent with a leading international Cyber Security company for the sale of its ID protection service. The initial commercial terms and timeline have been agreed upon, and the contract process is ongoing, with a goal to finalize a definitive agreement in the second quarter. This collaboration aims to offer Eyeon's services to the Cyber Security company's global B2B customers, potentially expanding Eyeon's market reach and enhancing the Cyber Security company's product offerings. Eyeon Group, established in 2015, is a prominent provider of SaaS solutions in Cyber Security, offering a range of services tailored for the B2B market.

On March 25, Talkmore AS, a subsidiary of Telenor Norway, launched its new ID protection service, ID Vakt, targeting the consumer market. This service is based on EyeonGroup's solution, deepening EyeonGroup's collaboration with Telenor Norway. EyeonGroup's CEO, Fredrik Björklund, expressed satisfaction with the launch, highlighting the strengthened partnership and anticipated customer growth in Norway. Andreas Lindal, Managing Director of Talkmore AS, emphasized their commitment to providing high-quality security services. EyeonGroup, founded in 2015, is a leading provider of SaaS solutions in cyber security, offering a range of services through a unique AppStore for the B2B market, particularly in industries like banking, finance, insurance, and telecom.

Cyber threats are increasingly affecting businesses of all sizes, particularly small and medium-sized enterprises (SMEs), which often lack the necessary resources to protect themselves. To address this issue, Safestate and Leftfield have formed a strategic partnership to offer advanced cybersecurity solutions. Leftfield will resell Safestate's services, providing SMEs with user-friendly, automated security options. This collaboration aims to simplify cybersecurity for businesses, making it more accessible and integrating it into daily operations. The partnership will expand Safestate's reach globally, with the first client being Wallbid in the Travel Tech sector. The initiative is designed to help businesses stay secure, compliant, and resilient against evolving cyber threats.

EyeonGroup has announced a transition from monthly to quarterly market updates, with the February 2025 report being the last of its monthly reports. This change follows the completion of an acquisition of Safestate AB on March 11. Key financial metrics for the end of February 2025 include an Annual Recurring Revenue (ARR) of SEK 43.1 million, a total of approximately 530,000 active subscriptions, and an Average Revenue Per User (ARPU) of SEK 81.4. EyeonGroup has also signed a Letter of Intent with a European telecom operator for its ID protection service, aiming for a final agreement within two months. Additionally, EyeonGroup plans to launch its ID protection service, EyeonID White Label, in the UK and U.S. markets under the brand Digital Defender. The company has entered a strategic partnership with Point Wild to enhance its cybersecurity offerings. EyeonGroup is also monitoring a ransomware attack on Sportsadmin, with its employee identifying the group responsible. For further details, contact Fredrik Björklund, CEO of Eyeon Group AB.

Eyeon Group AB har tecknat ett avtal om att förvärva Safestate AB, ett svenskt företag inom IT-säkerhet. Daniel Fyhr, VD och grundare av Safestate, kommer att stärka Eyeon Groups position inom cybersäkerhet med sin erfarenhet från Försvarsmakten och Polisen samt sin bakgrund inom cybersäkerhetsföretag. Under hans ledarskap har Safestate haft en betydande tillväxt och blivit erkända för sina lösningar inom cybersäkerhet. Eyeon Group ser fram emot att integrera Fyhr och hans team för att utveckla säkrare och mer innovativa lösningar.

EyeonGroup AB has agreed to acquire all shares in Safestate AB for SEK 101,189,950, paid through newly issued shares in EyeonGroup. The subscription price for these shares is SEK 15 each, totaling a maximum of 6,745,996 shares. The acquisition is contingent upon regulatory approvals and is expected to close once these conditions are met. Safestate, a Swedish SaaS company specializing in IT security, has shown significant growth and will enhance EyeonGroup's position in Cyber Security, expanding its customer base and product offerings. Safestate's majority owner, Secify Group AB, and minority shareholders will gain a 19.2% stake in EyeonGroup. The issued shares will be subject to a 12-month lock-up period, with an option for the sellers to sell their shares to House of K Investment UK Ltd. The acquisition aims to create long-term revenue growth and cost synergies for EyeonGroup.

Eyeon Group har meddelat att de har lokaliserat data från en tidigare SportsAdmin-läcka på darkweb. Företaget kommer nu att informera alla berörda kunder om vilken information som har hittats och vilka åtgärder de bör vidta för att skydda sig. VD Fredrik Björklund uppger att deras team har arbetat effektivt med olika metoder för att spåra datan, vilket visar deras konkurrenskraft inom branschen. Eyeon Group, grundat 2015, är en SaaS-leverantör som erbjuder lösningar inom IT-säkerhet och dataskydd, främst riktade mot B2B-marknaden i Europa.

The extraordinary general meeting of Eyeon Group AB was held on March 4, 2025, in Stockholm, where all resolutions were passed as proposed. Key decisions included amendments to the articles of association to accommodate acquisitions of a VPN reseller and a Swedish SaaS IT security company, with payments in newly issued shares. The share capital range was changed to between SEK 5,000,000 and SEK 20,000,000, and the number of shares was adjusted to between 25,000,000 and 100,000,000. Additionally, the board of directors was authorized to issue shares, warrants, and/or convertibles with terms aligned with market conditions. Eyeon Group AB is a SaaS provider offering IT security, privacy protection, and AI-based data solutions, primarily for the B2B market in Europe.