About Modirum
Modirum is a company based in Tallinn (Estonia) founded in 1998 was acquired by Entersekt in December 2023.. The company has 10 employees as of September 30, 2024. Modirum has completed 2 acquisitions, including ITgma and Mentura. Modirum offers products and services including Modirum Platforms, Modirum Payments, Modirum Consulting, and Modirum Gespi. Modirum operates in a competitive market with competitors including Leonardo, CertiK, Optiv Security, Convergint and DataGuard, among others.
- Headquarter Tallinn, Estonia
- Employees 10 as on 30 Sep, 2024
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Modirum Group
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Products & Services of Modirum
Modirum offers a comprehensive portfolio of products and services, including Modirum Platforms, Modirum Payments, Modirum Consulting, and Modirum Gespi. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers solutions for telecom and critical communications
Provides innovative payment processing and security
Delivers business digitalization and advisory support
Develops advanced defence electronics and technologies
Funding Insights of Modirum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Modirum
Modirum has secured backing from 1 investor. Prominent investors backing the company include Entersekt. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Platform that offers fraud detection solutions for financial instituions
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Modirum
Modirum has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ITgma and Mentura. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Software solutions and development services are provided by ITgma.
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2009 | ||||
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Situation awareness and fleet tracking solutions
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Modirum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modirum Comparisons
Competitors of Modirum
Modirum operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Leonardo, CertiK, Optiv Security, Convergint and DataGuard, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Helicopters, aircraft, and defense products are manufactured by Leonardo.
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Online platform for blockchain and smart contract cybersecurity
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IT risk management solutions are delivered via a specialized platform.
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Electronic security and fire alarm systems are integrated and serviced.
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IT security, consulting, and data protection services are provided.
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Cloud security and compliance solution company
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Modirum
Frequently Asked Questions about Modirum
When was Modirum founded?
Modirum was founded in 1998.
Where is Modirum located?
Modirum is headquartered in Tallinn, Estonia.
Who is the current CEO of Modirum?
Jari Heikkinen is the current CEO of Modirum.
How many employees does Modirum have?
As of Sep 30, 2024, the latest employee count at Modirum is 10.
What does Modirum do?
Modirum was founded in 1998 and is headquartered in Tallinn, Estonia. Operations focus on the financial security sector, where niche solutions for authenticating, securing, and processing card-not-present payments are delivered. PCI-DSS certified geo-redundant datacenters and PA-DSS certified software are employed. Consulting services and online banking functionalities are emphasized, targeting banks primarily.
Who are the top competitors of Modirum?
Modirum's top competitors include CertiK, Optiv Security and SilverSky.
What products or services does Modirum offer?
Modirum offers Modirum Platforms, Modirum Payments, Modirum Consulting, and Modirum Gespi.
How many acquisitions has Modirum made?
Who are Modirum's investors?
Modirum has 1 investor. Key investors include Entersekt.
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