Patria acquires an open source data collection product and business related to its cyber business area from WithSecure. As a result of the transaction, Patria will open an office in Oulu and 10 WithSecure experts currently working in the business area will join the company. The parties do not disclose the value of the acquisition.
Patria plans to continue developing the acquired product as part of its Battlefield and critical systems offering. Its product range includes Patria CRAWLR, a system designed for collecting and analysing open-source data.
"Implementation of Patria's growth strategy requires significant investment in product development, know-how and services. What Patria offers in its cyber business solutions and services is constantly being developed. Operational reliability and information security in all conditions are particularly essential when developing intelligence, monitoring and command systems to security-critical customers," says Jussi Järvinen, Executive Vice President of Patria’s Finland Division.
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Download free sample pages More information"Oulu, on the other hand, has a significant concentration of the defense industry and the necessary engineering expertise. Expanding to Oulu also offers an opportunity for a wider talent base for Patria's current and future needs, where Patria has already been present through its group's subsidiary Senop," Järvinen continues.
Patria does a lot of research and product development in cyber technologies related to warfare. Patria's specialty is the systems that safety-critical authorities need to organize operational activities.
The acquisition has received the approval of the Finnish Ministry of Employment and the Economy (TEM). The transaction will not affect current customer commitments, employment relationships or other commitments in the business area. The business will be transferred to Patria on 1 October, 2024.
