Cyber threats trigger multi-million investments in cybersecurity

Greek IT companies are investing in the demanding cybersecurity market. The goal is to strengthen their presence in the strategic IT security market.

In this way, the companies seek to expand their customer base in and outside Greece, further increase their existing customers, acquire new customers, and deepen customer relationships and strategic partnerships with important partners both in Greece and abroad.

According to data from IT companies, the cybersecurity market is expected to grow by +15% in Europe over 2024-2028, with a target of reaching 90 billion euros. In Greece, the growth rate of this market is estimated at +18% in the same period, aiming to reach 508 million euros.

As emphasized by the management of the listed Softweb Adaptive IT Solutions, which a few days ago acquired 51% of the shares of the company Alphabit AE, for 1.2 million euros, “digital extroversion starts with security.”

The aim of the acquisition of Alphabit is to strategically strengthen the Cybersecurity pillar of the Softweb group and provide integrated solutions that cover both the technological and communication needs of businesses, as well as the areas of data security and defense against cyberattacks. This is an acquisition that confirms the strategic commitment of the Softweb Group to the continuous development of its activities and completes its strategic planning summarized in the term “Eco-symmetry”.

The listed Performance Technologies and ThreatScene have announced their strategic cooperation in the field of cybersecurity. The partnership of the two companies aims to provide and improve cybersecurity services that enhance the compliance of organizations with regulatory standards and their resilience in dealing with modern threats. The two companies point out that they will combine ThreatScene’s specialized solutions with the strong technological background of the cybersecurity team as well as the Security Operations Center (SOC) of Performance Technologies.

The listed QUALITY & RELIABILITY also entered the cybersecurity sector after acquiring 60% of SYSTECOM S.A. for 1.5 million euros. As Q&R’s management emphasized, “this specific acquisition confirms the commitment of the Group and its shareholders to strengthen its presence in the Cybersecurity market, in an era where cyber threats are becoming increasingly complex.” According to Q&R’s plan, “SYSTECOM S.A.” will become a 100% subsidiary of QnR, within 3 years.

The listed Profile aims to strengthen its portfolio of Cybersecurity & ICT support services to financial clients, businesses, and public bodies with the acquisition of Algosystems, for a price ranging between 3-4 million euros. The transaction will be completed in January 2026. This is an investment move that will be fully valued within the year. It is estimated that it will strengthen the financial position and results of the Profile Group in the new financial year.

The IT sector of Ideal Holdings (IDH) places particular emphasis on cybersecurity and on exploiting the supply and demand observed in the field of digital infrastructure and data security, encryption and trust. In this context, Ideal Holdings has announced that it is considering the acquisition of a smaller company in the sector, with a focus on cybersecurity, with the aim of further strengthening this specific sector of its activities, which is already recording a high growth rate.