Sicra picks up speed after a strong last year

– After Credo Partners invested in us, we have gained the financial strength to build a stronger company that will take on greater responsibility and help address the cybersecurity challenges experienced by society as a whole, says Stig Valderhaug, CEO of Sicra.

Read also: We will grow with Credo Partners backing us >

Sicra generated revenues of 68.7 million kroner last year, an 8 percent increase from 2023. Operating profit finished at 1.5 million, down from 2023 in line with the investment plan. The company is well-capitalized, providing a solid foundation for further growth.

Investing for further growth

– Last year’s results reflect that we invested heavily in growth. We have hired additional executives, strengthened our sales force, and expanded our offering. In 2025, we have invested even more to drive growth. This has already yielded results. So far this year, we have recorded double-digit revenue growth and expect this upward trend to continue throughout the year. We are acquiring more customers and selling more to our existing ones, Valderhaug continues.

During 2024, Sicra expanded its service offering with several new initiatives. Valderhaug particularly highlights two areas:

CISO-for-hire / Rental of Security Advisors
Sicra offers IT security executives who can assume various leadership roles on a project basis at companies that lack such expertise. They can also provide additional knowledge and capacity to overburdened security leaders.

Read more about the CISO-for-hire / Rental of security advisor service here >

Security Operations Center as a Service (SOC-as-a-Service)
Sicra has developed its own SOC service built on Arctic Wolf’s world-leading security platform. This provides a unique combination of a robust digital security foundation and local IT security experts.

Read more about the Security operations center as a service (SOC-as-a-Service) here >

– Market feedback indicates that we have nailed it with selling SOC as a service. Over the course of one year, more than 30 companies, with 53,000 end users, have purchased our SOC service. In addition, over 20 companies are considering doing the same, says Valderhaug.

– Sicra is set to experience significant growth in the coming years, but we remain true to our DNA. Positive experiences for both customers and employees build a strong reputation that drives organic growth, Valderhaug concludes.