Sweden's Verisec buys Croatia's Alfatec to expand in Southeast Europe
What's the deal? Sweden's Verisec InternationalDealroom has a profile for this one. Try Dealroom → has acquired Croatian IT security firm Alfatec GroupDealroom has a profile for this one. Try Dealroom →, in a move announced in October 2026 to expand into Southeast Europe. Financial terms were not disclosed. Alfatec brings a local client base plus expertise in cryptography, data management, and AI.
What changes? Not much, for now. "Alfatec will continue to operate as the same legal entity, under the same name and at the same address," managing director Marko Kornfeld told ICTbusiness. There are no immediate changes to staff or structure, and Kornfeld remains in charge.
What's the endgame? The deal extends Verisec's footprint to eight countries and positions it among the leading providers of general-purpose and payment cryptography in the region. For Alfatec, it opens access to markets where Verisec already operates, including Central and Eastern Europe.
Why now? Verisec plans to launch two products new to the region — 10XPay payment cryptography and 10XTrust identity and anti-fraud — in the first quarter of 2027. Alfatec's existing client base gives the launch a ready cross-selling channel. 10XPay secured approval from France's Cartes BancairesDealroom has a profile for this one. Try Dealroom → scheme in March 2026.
What could go wrong? Cloud-based payment security is a crowded field, with major players such as AWSDealroom has a profile for this one. Try Dealroom → already offering competing services. The acquisition's payoff will hinge on customer uptake and integration rather than the rebranding or launch plans alone.
The signal: The deal reflects steady consolidation in European cybersecurity, as established vendors buy local specialists to add regional relationships and regulatory know-how. Alfatec keeps its name and team; Verisec gains a foothold and a route to market for its newest products.
Read more: ictbusiness.biz
Image credit: Generated with Gemini
