Summa Equity Acquires NetGuardians to Form New Financial Crime Solutions Group
Stockholm, October 2024 – Summa Equity, a leading Stockholm-based private equity firm, has announced the acquisition of NetGuardians, a Swiss leader in AI-driven fraud prevention and anti-money laundering (AML) solutions. The acquisition aims to strengthen Summa’s portfolio by aligning NetGuardians’ cutting-edge fraud detection technology with Intix, another Summa-owned company specializing in Know Your Transaction (KYT) data management.
The newly formed group is set to redefine the financial crime prevention landscape, combining the best of both companies’ expertise. By leveraging NetGuardians’ proprietary 3D AI technology alongside Intix’s advanced data management capabilities, the group will drive the development of next-generation solutions for combatting financial crime.
Gisle Glück Evensen, Partner at Summa Equity, expressed enthusiasm about the collaboration:
“Money laundering and fraud remain significant threats to both financial systems and society, fueling harmful activities worldwide. The synergy between Intix and NetGuardians creates a powerful suite of tools to address these challenges head-on. We are excited about what the future holds for this partnership.”
Joël Winteregg, CEO of NetGuardians and future CEO of the new group, emphasized the transformative nature of the deal:
“This is a pivotal moment for both Intix and NetGuardians. By combining our expertise, we’re introducing an innovative approach to financial crime prevention, addressing issues ranging from data traceability to AI-powered analytics. This strategic union not only expands our market reach but also strengthens our commitment to secure and sustainable financial practices.”
Leadership and Strategic Direction
The acquisition will see Sergi Herrero, the former Chair of Intix, assume the role of Chairman of the group. NetGuardians’ co-founders, including Raffael Maio, will continue to play pivotal roles in shaping the group’s long-term strategy, ensuring it remains at the forefront of financial crime prevention.
By uniting under one roof, the combined expertise of Intix and NetGuardians will empower financial institutions worldwide to adopt more secure, scalable, and innovative approaches to fraud detection and AML.
About Summa Equity:
Summa Equity is a Stockholm-based private equity firm investing in companies that address global challenges. By focusing on sectors such as technology, healthcare, and sustainability, Summa Equity seeks to drive positive change while delivering strong financial returns.
About NetGuardians:
NetGuardians is a Swiss-based leader in AI-driven fraud prevention and anti-money laundering solutions, utilizing innovative 3D AI technology to protect financial institutions from the growing threats of fraud and financial crime.
About Intix:
Intix provides advanced Know Your Transaction (KYT) data management solutions, empowering financial institutions to trace and analyze financial data with unparalleled accuracy and efficiency.
