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Ferd invests in mnemonic

Ferd has entered into an agreement to invest in mnemonic. The new partnership aims to secure a long-term ownership between mnemonic’s employees and Ferd, and strengthen mnemonic’s international expansion.

Headquartered in Oslo, mnemonic is one of the largest cybersecurity service providers in Europe, and the preferred security partner of many of the region’s top organisations. The company is also a trusted source of threat intelligence to Europol and other law enforcement agencies globally.

“We are proud of what we have built, and the services we deliver today. Now, we aim to strengthen our international growth, while continuing to improve our core business areas”, says Founder and CEO of mnemonic, Tønnes Ingebrigtsen. “To join us in this next chapter, we want an ambitious, long-term partner”, adds Ingebrigtsen.

“Ferd is a highly professional investment company with the business experience we are looking for, and the values we demand of a partner. Together, we will continue to deliver our leading security services to our customers, and expand to new markets”, says Ingebrigtsen.

As part of the investment, Ferd will facilitate for continued employee ownership, where the majority of the company is retained by Tønnes Ingebrigtsen and the employees in mnemonic, as it has been for the last 18 years. The transaction will not lead to any changes to the company’s operations or management. Ingebrigtsen will continue as CEO and his ownership in the company remains unchanged.

Ferd is a Norwegian family-owned investment company committed to value-creating ownership of businesses and investments in financial assets. The investment in mnemonic is considered as the start of a long and close partnership.

“mnemonic is an exciting company doing an incredible job protecting Norwegian and international businesses. We are impressed by their employees, the integrity of their work and the position they have established for themselves both in Norway and abroad”, says Morten Borge, CEO of Ferd.

“The cybersecurity market is a fast growing market, and we expect a high demand for mnemonic’s services as the amount of data and the volume of cyber attacks increase. We believe mnemonic is well-positioned for this”, adds Fredrik Bjørland, Senior Investment Manager in Ferd.

  

For more information, please contact:

Rikke Klüver Voll, Communications Consultant, mnemonic:

Phone: +47 414 21 660          

Email:

Fredrik Bjørland, Senior Investment Manager, Ferd:

Phone: +47 952 01 850          

Email:

 

About mnemonic

The Norwegian company mnemonic was founded in 2000, and is now one of Europe’s largest service providers within the cybersecurity field. mnemonic’s expert team of 170 security consultants, product specialists, threat researchers, incident responders and ethical hackers, combined with the company’s proprietary Argus security platform ensure that they stay ahead of advanced cyberattacks and protect their customers from evolving threats. mnemonic is headquartered in Oslo, and has offices located in Stavanger, Stockholm and London.

 

About Ferd

Ferd is a family-owned Norwegian investment company committed to value-creating ownership of businesses and investments in financial assets. In addition to the group’s purely commercial activities, Ferd has an extensive involvement in social entrepreneurship. Ferd is an active, long-term investor, with a strong value set that aims to leave clear footprints. By the beginning of 2018 Ferd had a total value-adjusted equity of EUR 3,3 billion. Ferd is owned by Johan H. Andresen and family.