Versatile Security Sweden AB, a Stockholm-based IT solutions provider in the identity and access management space, has raised an equity funding.
Investors include Almi Invest and Stockholms Affärsänglar (Stockholm Business Angels) and other private backers.
The company intends to use the funds to expand internationally. The company currently is present through its distribution network in Scandinavia, Europe, USA, Middle East and Africa.
Led by CEO Per-Anders Fjärdsäter, Versatile Security provides solutions that are designed to enable customers to securely and efficiently authenticate, issue and manage user credentials such as smart cards.
Clients include HSBC, Tieto, Centric, Cantref Housing, Trade River, Omegapoint and IKEA.