Arctic Wolf Accelerates European Security Operations Expansion Ahead of Potential IPO
Arctic Wolf, based in the United States, continues to expand its European security operations ahead of a potential IPO (initial public offering).
The latest news involves opening an office in New Castle, which is in North East England. The office will serve as Arctic Wolf’s Europe, Middle East and Africa (EMEA) headquarters.
Arctic Wolf: Security Operations Platform Milestones in Europe
Arctic Wolf’s European security operations push began around April 2021. Key milestones in the region, the company said, include:
- Opening a European Security Operations Center in Germany;
- doubling customer count quarter-on-quarter across the region;
- establishing teams in four European countries (covering the UK, DACH, Benelux and the Nordic countries); and
- onboarded over 60 new partners including Trustack Ltd., Storsafe Sweden AB, Loop Partners ApS, nLogic AS, medocino Hamburg GmbH, and sysmind Service- und Vertriebsgesellschaft GmbH.
Arctic Wolf: SOC as a Service, MDR and IPO Plan
Arctic Wolf develops a cloud-based security operations platform for MSSPs, channel partners and end-customers. The company has previously positioned itself in such areas as Security Operations Center (SOC) as a Service (SOCaaS) and MDR (managed detection and response).
Arctic Wolf’s subscription-based revenues have grown by more than 100 percent over the past year, as of 2021, though actual revenue dollar figures and profits (or losses) are not disclosed.
The company secured a $150 million series F financing round in July 2021, valuing the business at $4.3 billion. A potential Arctic Wolf IPO may arrive sometime in 2022, according to previous reports.