Reading time: 5 min

    Published

  • 20/10/2025

Antti Koskela
President and CEO, WithSecure

Today marks an important milestone in WithSecure’s journey. The consortium formed by our founder and Chair of the Board, Risto Siilasmaa, together with affiliates of the CVC Capital Partners network, a leading global private markets manager, has announced that it will complete the tender offer. With more than 90% of shares now secured, WithSecure will move forward in the process of becoming a privately owned company.

This step signals a strong belief in our strategy, our people, and the role we play as a European cyber security partner. Private ownership enables us to:

  • Invest in R&D and innovation 

  • Strengthen our partner ecosystem

  • Develop CPSF as a standalone entity

  • Build an even stronger foundation for sustainable, long-term growth

What does the change of ownership mean for our partners and customers? 

Our purpose, European approach to cyber security and commitment to you remain unchanged. We will continue to build and sustain digital trust, confidence and equity by protecting businesses and their customers from complex and evolving cyber threats. 

  • Our products, services, and support for customers and partners continue as before.

  • We remain headquartered in Finland and will continue to build on the trust, privacy, and digital sovereignty principles that define our brand.

  • Our journey to becoming Europe’s leading cyber security company continues with the backing of owners who share our long-term vision. 

     

"We are proud to partner with the WithSecure team and its founder Risto as the company begins its next chapter as a privately held business. WithSecure has build a strong position as a trusted cyber security provider, and we believe private ownership will offer the right environment to sharpen strategic focus and accelerate investment in key growth initiatives. Our partnership is grounded in mutual respect and a shared long-term vision that the need for sovereign, European cyber security solutions is greater than ever. We firmly believe WithSecure is uniquely positioned to fulfil that need. With CVC's deep European presence, sector expertise and global network, we look forward to supporting the company in scaling its impact across the region and beyond."

- Daniel Williamson, Managing Director, CVC

CVC Capital Partners
A leading global private markets manager with a network of 30 office locations throughout EMEA, the Americas, and Asia. Funds managed or advised by CVC's private equity strategy are invested in approximately 140 companies worldwide, which have combined annual sales if over EUR 168 billion and employ over 600,000 people.

"This partnership with CVC marks an important milestone in our journey. As cyber threats become more complex and persistent, the need for trusted, sovereign cyber security solutions is greater than ever. CVC shares our vision for building a European leader in cyber security, rooted in innovation, trust and operational excellence, while continuing to deliver mission-critical services to our clients across sectors. As a founder of F-Secure, I've seen the company's development for the past three decades and I believe that the current tender offer, supported by a high calibre partner like CVC, is the best option for WithSecure's future and its existing shareholders. I will continue contributing to the strategy of WithSecure and being active part of its future, as I have been from its founding."

- Risto Siilasmaa
The founder, Chair of the Board and current majority shareholder of WithSecure.

 

On behalf of the entire WithSecure team, thank you for continuing on this path with us. We are excited about the opportunities ahead and look forward to protecting your businesses, and the digital trust, confidence and equity in the years to come.

Warm regards,

Antti Koskela 
President & Chief Executive Officer 
WithSecure