Elastx AB Due Diligence
Run due diligence on Elastx AB: check compliance and get alerts when suppliers change.
Sweden · elastx.se · 12 vendors
Elastx AB is a Swedish cloud provider offering automated cloud services for business-critical applications and sensitive data. Their platform includes Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Container as a Service (CaaS), Database as a Service (DBaaS), and AI services. The company emphasizes security, sustainability, and ensuring all customer data remains within Sweden.
Resilience scores
- Digital Sovereignty: 0
- Digital Resilience: 4
- Financial Resilience: 7
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Services catalogue
4 services in catalogue across 2 categories; runs on 12 sub-vendors.
- ELASTX Hosting
- Elastx Email
- Elastx Cloud
Insights
Last updated 2026-07-21 · revision 12
12 direct vendors, 156 subvendors
Direct vendors by controlling owner country (sample)
- United States: 11
- Switzerland: 1
Subvendors by controlling owner country (sample)
- Spain: 1
- Finland: 1
- Sweden: 4
Compliance
9 in-scope frameworks identified; showing 3.
Swedish Cybersecurity Act — No public evidence
Evidence: https://elastx.se/, https://www.msb.se/sv/amnesomraden/informationssakerhet-cybersakerhet-och-sakra-kommunikationer/nis2/, https://www.riksdagen.se/sv/dokument-och-lagar/dokument/svensk-forfattningssamling/cybersakerhetslag-20241226_sfs-2024-1226/
Swedish Personal Data Act — No public evidence
Evidence: https://elastx.se/, https://www.imy.se/en/, https://www.riksdagen.se/sv/dokument-och-lagar/dokument/svensk-forfattningssamling/dataskyddslag-2018218_sfs-2018-218/
NIS2 (source) — No public evidence
Evidence: https://elastx.se/, https://www.msb.se/en/subject-areas/cybersecurity-and-information-security/nis2/, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32022L2555, https://www.msb.se/sv/amnesomraden/informationssakerhet-cybersakerhet-och-sakra-kommunikationer/nis2/
Financials
Financial Resilience Score: 7/10
Elastx AB operates in a structurally favorable niche: it is one of the few pure-play Swedish public cloud providers, benefiting from strong tailwinds around EU data sovereignty, concerns over the US CLOUD Act, and post-Schrems II demand for EU-owned cloud alternatives. Its business model is based on recurring, multi-year IaaS and managed-services subscriptions, which provides predictable cash flow and reduces revenue volatility. Exposure to Swedish public-sector customers (municipalities, agencies) further strengthens credit quality of the customer base. However, the company faces meaningful structural risks. It competes against hyperscalers (AWS, Azure, GCP, and Microsoft's EU Data Boundary offering) that have vastly greater scale, feature breadth, and pricing power. Cloud infrastructure is capex-intensive, so margins depend heavily on utilization rates. Revenue is geographically concentrated in Sweden, and talent competition in Stockholm for cloud/DevOps engineers is intense. As an unlisted AB, disclosure is limited, making external financial assessment harder. Qualitatively, Elastx has been described in prior public references as a profitable, growing niche provider, and no distress signals (M&A under duress, layoffs, funding events) are publicly known. Ownership appears stable with founders/management. On balance, the company's resilience is moderately strong for its size, supported by favorable market positioning, but constrained by scale disadvantages and geographic concentration. Verified financials from Bolagsverket filings would be needed to refine this assessment.
Key strengths: Sovereign-cloud tailwind from EU data sovereignty concerns and post-Schrems II demand, Recurring subscription revenue model with multi-year IaaS/managed cloud contracts, Strong public-sector customer base in Sweden with high credit quality, Open source / OpenStack expertise reduces licensing costs and differentiates offering, Sustainability positioning with renewable-powered Swedish data centres, Stable ownership with founders/management, no distress signals
Risk factors: Scale disadvantage versus hyperscalers (AWS, Azure, GCP, Microsoft EU Data Boundary), Capex intensity of data-centre and hardware investment; margins depend on utilisation, Geographic concentration risk with revenue almost entirely from Sweden, Intense talent competition for cloud/DevOps engineers in Stockholm, Limited public disclosure as an unlisted AB makes external assessment harder
Revenue by geography
- Sweden: 100%
Workforce by country
- Sweden: 75
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