Netox adds capital investment from Bocap.
Netox Oy, an Oulu, Finland-based cyber security and IT service industry provider, announced that it secured capital investment.
The money was provided by Finnish investment company Bocap. After the investment, the majority ownership of the company will be controlled by Netox's founders, Mikko Luhtaniemi and Niko Candelin.
Netox, led by CEO Mikko Luhtaniemi, is an IT company providing outsourcing, security and cloud services. The company has more than a hundred customers which generated net sales for 2018 of approximately EUR 5 million ($5.6M). The company has a total of 45 employees in Oulu and Helsinki.