Nexus Group Due Diligence

Run due diligence on Nexus Group: check compliance and get alerts when suppliers change.

Sweden · www.nexusgroup.com · 12 vendors

Nexus Group, a part of IN Groupe, is an innovative identity management company. It secures society by enabling trusted identities for people and things, offering comprehensive identity and security solutions for workforce, workplace, and the Internet of Things (IoT). The company's headquarters are located in Stockholm, Sweden.

Resilience scores

Digital Sovereignty: 25
Digital Resilience: 8
Financial Resilience: 7

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Services catalogue

1 service in catalogue across 1 category; runs on 12 sub-vendors.

Personal Data Processing

Insights

Last updated 2026-08-11 · revision 1

12 direct vendors, 111 subvendors

Direct vendors by controlling owner country (sample)

Sweden: 2
United States: 8
Germany: 1

Subvendors by controlling owner country (sample)

Poland: 2
United Kingdom: 1
Norway: 2

Compliance

10 in-scope frameworks identified; showing 3.

Financials

Three-year financials

2024:
2023:
2022:

Financial Resilience Score: 7/10

Nexus Group's financial resilience is materially strengthened by its 2021 acquisition by IN Groupe, the French state-owned identity and secure documents company. This ownership structure provides long-term capital backing, sovereignty credentials, and cross-selling access into government identity programs, which is a distinct advantage over VC-funded cybersecurity peers. IN Groupe reports group revenue in the range of €400-450M with ~2,000 employees, of which Nexus is one business unit. The business benefits from sticky enterprise and government customer relationships in PKI and workforce identity, which typically involve multi-year contracts with high switching costs. A growing SaaS/subscription mix through Smart ID GO services builds recurring ARR, while regulatory tailwinds from NIS2, eIDAS 2.0, post-quantum cryptography migration, and the EU Cyber Resilience Act support demand. Blue-chip references including Volkswagen, Siemens, Electrolux, and Banque de France reduce sales-cycle risk. However, resilience is tempered by scale disadvantages versus global IAM/PKI leaders (Microsoft Entra, Okta, Ping, Entrust, DigiCert, Thales), PKI commoditization pressure from cloud-native CA services, and concentration risk on a few large contracts (VW V2X, ID06, national eID programs) given the estimated SEK ~500M revenue scale. Historical profitability was thin, with reported operating losses in several pre-IN Groupe years during cloud platform investment. Sustained EBIT profitability remains a key watch-item.

Key strengths: Strategic ownership by IN Groupe (French state-backed) providing long-term capital, Sticky enterprise and government PKI/identity contracts with high switching costs, Growing SaaS recurring revenue mix via Smart ID GO services, Regulatory tailwinds (NIS2, eIDAS 2.0, post-quantum, EU Cyber Resilience Act), Blue-chip customer references (Volkswagen, Siemens, Electrolux, Banque de France), Long operating history since 1984 with focused identity/PKI positioning

Risk factors: Scale disadvantage vs. global IAM/PKI leaders (Microsoft, Okta, Entrust, Thales), PKI commoditization pressure from cloud-native CA services, Concentration risk on large deals (VW V2X, ID06, national eID programs), FX exposure: EUR/USD/CHF revenue vs. SEK reporting, Integration and restructuring risk within IN Groupe post-2021 acquisition, Historically thin profitability with prior operating losses

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