Safewhere A/S Due Diligence
Run due diligence on Safewhere A/S: check compliance and get alerts when suppliers or ownership change.
Denmark · owned by Gaia HoldCo A/S (Denmark) · safewhere.com · 10 vendors
Safewhere A/S is a Danish software provider specializing in Identity and Access Management (IAM) and Identity as a Service (IDaaS). The company offers cloud-based and on-premises solutions for single sign-on, multi-factor authentication, monitoring, and access governance, enabling organizations to securely connect users to applications. Safewhere has been selected as the national standard for inter-government federation in Denmark and serves both public and private sector clients.
Resilience scores
- Digital Sovereignty: 20
- Digital Resilience: 7
- Financial Resilience: 5
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Services catalogue
1 service in catalogue across 1 category; runs on 10 sub-vendors.
- Identify
Insights
Last updated 2026-09-13 · revision 2
10 direct vendors, 97 subvendors
Direct vendors by controlling owner country (sample)
- Sweden: 1
- Japan: 1
- United States: 5
Subvendors by controlling owner country (sample)
- Denmark: 1
- Netherlands: 2
- United States: 77
Compliance
7 in-scope frameworks identified; showing 3.
Danish Act on Data Security — No public evidence
Evidence: https://www.datatilsynet.dk/english, https://www.retsinformation.dk/eli/lta/2018/502, https://safewhere.com
eIDAS Regulation — No public evidence
Evidence: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32014R0910, https://www.digst.dk/digital-identitet/mitid/, https://safewhere.com
SOC 2 (source) — No public evidence
Evidence: https://safewhere.com, https://www.aicpa-cima.com/resources/landing/soc-2
Financials
Three-year financials
- 2025: gross profit DKK 797K, equity DKK 11.1M
- 2024: gross profit DKK 3.52M, equity DKK 9.85M
- 2023: gross profit DKK 5.04M, EBIT DKK 5.04M, equity DKK 6.84M
Financial Resilience Score: 5/10
Safewhere A/S operates as a niche Danish IAM (Identity and Access Management) specialist with a sticky public-sector customer base, including Danmarks Miljøportal (200,000+ users across 98 municipalities) and the Municipality of Halsnæs. Identity infrastructure carries very high switching costs, which supports recurring revenue streams and low customer churn. Regulatory tailwinds from GDPR, NIS2, and eIDAS 2.0 in the EU are driving IAM demand, particularly for Danish public entities requiring MitID/NemLog-in integrations where Safewhere has domain expertise. However, the company faces significant structural risks. Competitive pressure from hyperscalers—particularly Microsoft Entra ID bundled with Microsoft 365—represents a major threat as Entra is the default IAM for most Danish organisations. As a small niche Danish A/S, Safewhere's revenue is likely modest (typical peers generate low double-digit million DKK), limiting R&D capacity relative to global competitors like Okta, Microsoft, and Ping. Customer concentration risk is inferable from marketing references relying on a small number of large Danish public-sector accounts, and there is limited international/FX diversification with primarily DKK-denominated exposure. Quantitative financial data (revenue, EBIT, equity) could not be verified from CVR filings in this analysis, so the resilience score reflects qualitative assessment only and carries uncertainty.
Key strengths: Sticky public-sector customer base with high switching costs in Danish municipalities, Regulatory tailwind from GDPR, NIS2, and eIDAS 2.0 driving IAM demand, Domain expertise in Danish MitID/NemLog-in public-sector federations, Product focus on IAM enables depth competition against larger global players, Recurring revenue model from identity infrastructure
Risk factors: Competitive pressure from Microsoft Entra ID bundled with Microsoft 365, Small scale limits R&D capacity relative to global IAM competitors, Customer concentration in a small number of large Danish public-sector accounts, Limited geographic diversification with primarily DKK/Denmark exposure, Competition from global IAM vendors (Okta, Microsoft, Ping)
Revenue by geography
- Denmark: 100%
Revenue by product/service
- Safewhere Identify (IAM/SSO/MFA platform): 100%
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