Nixu completes acquisition of Ezenta A/S and raises revenue forecast for 2019

Nixu Corporation
Press release, April 1, 2019 at 14.25 EEST

Cybersecurity company Nixu announced today that it has successfully completed the acquisition of the Danish cybersecurity company Ezenta A/S (Ezenta), which was disclosed on March 28, 2019. Ezenta will be reported as part of the Nixu Group as of April 1, 2019.

Due to the strong organic growth in the beginning of the year 2019 and in connection with the completed company and business acquisitions, Nixu reassesses its financial guidance. Revenue growth is now estimated to be based on about 50% of organic and 50% of inorganic growth in 2019.

New Guidance for 2019:
Nixu continues to emphasize the importance of growth and continues to invest heavily in growth projects. Supported by strong organic growth and the completed acquisitions, Nixu estimates its revenue to grow over 40% from the previous financial year. The full year EBITDA is estimated to improve significantly from the previous financial year.

Previous Guidance for 2019:
Nixu continues to emphasize the importance of growth and continues to invest heavily in growth projects. Supported by strong organic growth, Nixu estimates its revenue to grow over 20% from the previous financial year. The full year EBITDA is estimated to improve significantly from the previous financial year.


Nixu Corporation

Further information:
Chief Executive Officer Petri Kairinen, Nixu Corporation
telephone +358 40 832 1832, email: petri.kairinen@nixu.com

Distribution:
Main media
www.nixu.com

Nixu in brief:
Nixu is a cybersecurity services company on a mission to keep the digital society running. Our passion is to help organizations embrace digitalization securely. Partnering with our clients we provide practical solutions for ensuring business continuity, an easy access to digital services and data protection. We aim to provide the best workplace to our team of nearly 400 cybersecurity professionals with a hands-on attitude. With Nordic roots we serve enterprise clients worldwide. Nixu shares are listed on the Nasdaq Helsinki stock exchange.
www.nixu.com