About WHYSEC
WHYSEC is a company based in Ulm (Germany) founded in 2020 by Fabian Weber and Oliver Gehrmann was acquired by Public Cloud Group in September 2023.. WHYSEC offers products and services including Compliance Automation Platform, Virtual CISO Service, and Security Audits. WHYSEC operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Ulm, Germany
- Founders Fabian Weber, Oliver Gehrmann
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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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Annual Revenue
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Latest Funding Round
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Employee Count
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Acquired by
Public Cloud Group
(Sep 29, 2023)
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Products & Services of WHYSEC
WHYSEC offers a comprehensive portfolio of products and services, including Compliance Automation Platform, Virtual CISO Service, and Security Audits. 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.
Automates information security compliance for certifications.
Provides external CISO support for security management.
Conducts audits and vulnerability scans for IT environments.
Funding Insights of WHYSEC
| 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 WHYSEC
WHYSEC has secured backing from 1 investor. Prominent investors backing the company include PCG. 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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PCG is recognized as a leading cloud consulting company in Europe.
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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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Investments & Acquisitions by WHYSEC
| 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 |
Financial Statements - WHYSEC
| 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 |
investors |
Whysec Comparisons
Competitors of WHYSEC
WHYSEC 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 UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, 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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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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IT and management consultancy services are provided globally.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about WHYSEC
When was WHYSEC founded?
WHYSEC was founded in 2020.
Where is WHYSEC located?
WHYSEC is headquartered in Ulm, Germany. It is registered at Ulm, Baden-wurttemberg, Germany.
Who is the current CEO of WHYSEC?
Fabian Weber is the current CEO of WHYSEC. They have also founded this company.
What does WHYSEC do?
WHYSEC was founded in 2020 and is based in Ulm, Germany. IT services and consulting are provided by the company, with a focus on cloud security for digital and tech small-to-medium businesses across Europe. ISMS as a Service is offered to support ISO 27001 and TISAX certifications, enabling compliance in regulated sectors. Operations target SMBs navigating complex security requirements.
Who are the top competitors of WHYSEC?
WHYSEC's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
What products or services does WHYSEC offer?
WHYSEC offers Compliance Automation Platform, Virtual CISO Service, and Security Audits.
Who are WHYSEC's investors?
WHYSEC has 1 investor. Key investors include PCG.