Protection site

Trifork joins as investor in cyber protection company

Press release
Schindellegi – Switzerland – December 28, 2021

Trifork invests in Promon with GRO Capital and Kirk Kapital to grow and create a global leader in the application shield. Investors will take advantage of Promon’s best-in-class application protection technology and partner with the company to invest in sales and marketing, drive continuous product innovation and grow in industry verticals globally .

Built on continuous product innovation, Promon’s SHIELDMT The platform offers unmatched application protection and shielding technology by extending security beyond the downloaded application and proactively detecting and blocking potential security threats while at rest and running, Protecting applications used on more than 300 million devices against malware attacks and application tampering.

Promon has been a pioneer in the application protection software ecosystem since 2006 and has acquired +250 customers and +25 strategic partners globally, with offices in Norway, Germany, USA and India. Promon’s software is validated by a broad portfolio of leading customers across a wide range of industry verticals. The company has grown rapidly since its inception and investors are partnering with Promon at an important inflection point in the company’s growth journey as demand for application security solutions is expected to accelerate dramatically. in response to customers’ need to protect themselves against growing malware attacks. at the application level.

Gustave Sahlman, CEO of Promon, said: “We are very excited to partner with our new investors to invest in our scale-up journey and capitalize on our cutting-edge technology, with a focus on continuously delivering industry-leading application protection to millions of end users. We pride ourselves on our track record as pioneers and thought leaders in the field of application protection, which is why it was important for us to partner with investors.s who can demonstrate in-depth knowledge and experience of operating and scaling software companies.

Maxwell Veyhe, Partner at GRO Capital, said: “Promon has demonstrated consistent delivery of significant value to both its clients and partners, and at GRO Capital we are very impressed with the best platform Promon has built. over the past two decades. . We are convinced that GRO Capital is the ideal partner for Promon and we look forward to working with the team at Promon to create a global category leader in the application shielding market.

Kim Gülstad, CEO of Kirk Kapital, said: “Our investment in Promon is a testament to Kirk Kapital’s strategy of teaming up with strong and capable partners, who we believe can generate sustainable value creation. We view Promon as a premier company with significant global growth potential and are delighted to support our investment partners and Promon in this trip.

Jørn Larsen, CEO of Trifork Group, said: We are very happy to invest in Promon with GRO Capital and Kirk Kapital. Trifork is already active in the rapidgrowing cyber protection market and impressed with Promon’s unique application protection technology. Promon is a perfect partner and we look forward to working with the team as they continue their journey of growth on a global scale.

The transaction is expected to close at the end of January 2022. Trifork will make the investment through our R&D company Trifork Labs. After the transaction closes, Trifork will own 5% of Promon.

More information

Trifork
Peter Rørsgaard, CMO and press, +45 2042 2494

About Promon
Based in Oslo, Norway, Promon has been a pioneer in the field of application security and has supplied leading security software to many of the world’s largest banks. Today, Promon works across a wide range of industries with various global Tier 1 clients, including clients in industries such as finance, healthcare, public sector, and more. Promon’s technology is research-based and originates from the internationally recognized research environments of SINTEF and the University of Oslo. Promon’s patented deep protection technology Promon SHIELD ™ protects applications used by hundreds of millions of users.
For more information on Promon, please visit: www.promon.co and www.linkedin.com/company/promon-as

On Trifork
Trifork Group, headquartered in Schindellegi, Switzerland, with offices in more than 11 countries in Europe and North America, is an international IT group focused on the development of innovative software solutions. The group was founded in Denmark in 1996 and today has more than 950 employees in 57 business units, focusing on three vertical business areas: digital health, FinTech and smart buildings and three horizontal: cloud operations , cyber protection and the intelligent enterprise. Trifork optimizes the activity of its customers by offering efficient and user-friendly digital solutions. As part of its innovation program, Trifork produces technical content in collaboration with hundreds of technical experts from leading universities and startups. With the GOTO brand and its YouTube tech channel, Trifork serves a global tech community of over 255,000 people and with over 27 million views since its inception. Trifork’s R&D is anchored in the Trifork Labs, where Trifork co-founded and continuously develops IT start-ups. Startups provide technology that Trifork uses to produce innovative solutions for customers. Find out more on www.trifork.com

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