Formica Capital and Nicklas Storåkers completed the acquisition of Tutus Data.

Formica Capital, an investment company, and Nicklas Storåkers completed the acquisition of Tutus Data, a company within encryption and cyber security products. Financial terms were not disclosed. “C-Resiliens has the perfect set-up to build a leading player in cyber, encryption and network security. The acquisition of Tutus Data is an important stepping stone in getting there. Cyber security is fundamental for digitalization and for a socially stable society and is thus an attractive area of investment for Formica," Olof Cato, Formica Capital CEO.