Riverside-backed Cryptomathic Acquires TrustSkills to Expand Certificate Management Capabilities

Cryptomathic, a global cybersecurity company supported by private equity firm Riverside Europe, has acquired TrustSkills, a Scandinavian provider of automated certificate lifecycle management solutions. Founded in 2013, TrustSkills operates primarily in Scandinavia and serves a diverse client base including municipalities, regional governments, industrials, utilities, technology firms, and consumer businesses. The deal was announced on May 22,2026.

The acquisition adds TrustSkills’ flagship platform, TrustView, to Cryptomathic’s portfolio. TrustView offers end-to-end automation of certificate management, helping clients prevent webserver outages, improve compliance, and boost productivity. While the financial terms of the deal were not disclosed, the transaction marks a strategic expansion for Cryptomathic in a rapidly growing segment of the cybersecurity market.

Cryptomathic is known for providing critical security solutions to financial institutions, government agencies, and technology companies worldwide. The integration of TrustSkills’ technology enhances Cryptomathic’s capabilities in certificate lifecycle management, enabling a more comprehensive and scalable cybersecurity offering.

Karsten Langer, Managing Partner at Riverside Europe, described the acquisition as a “highly strategic addition” that strengthens Cryptomathic’s position. He noted that since Riverside’s initial investment, efforts have focused on product development and commercial growth, with the TrustSkills acquisition accelerating this trajectory by adding a complementary business with strong market traction and growth potential.

Dan Parksjö, Principal at Riverside Europe who led the deal, emphasized the synergy between the two companies. “The combination of Cryptomathic and TrustSkills will be powerful, bringing together highly complementary technologies to create a more comprehensive and scalable cybersecurity offering,” he said. Parksjö also highlighted the opportunity to leverage Cryptomathic’s global sales and partner network to accelerate TrustSkills’ international expansion.

Laurent Lafargue, CEO of Cryptomathic, welcomed TrustSkills to the group, stating that its technology is a natural extension of Cryptomathic’s portfolio. He added that the acquisition positions the company to better meet customers’ growing needs for automated certificate management while supporting international growth ambitions.

Riverside Europe, part of the global Riverside Company, has extensive experience investing in software and IT companies, with over 300 investments in this sector. The firm’s European team, including Jeroen Lenssen, Nils Mjörnemark, Julian Heerdegen, and deal originator Ali Al Alaf, played key roles in the transaction.

The acquisition aligns with broader industry trends where cybersecurity providers are consolidating to offer integrated solutions addressing complex security challenges. By combining TrustSkills’ automation platform with Cryptomathic’s established security products, the combined entity aims to enhance compliance, productivity, and security for clients across multiple sectors.

Financially, while deal specifics remain undisclosed, the acquisition is expected to generate synergies through cross-selling opportunities, shared R&D, and streamlined operations. The integration will focus on aligning product roadmaps and expanding Cryptomathic’s presence beyond Scandinavia into wider European and global markets.

Looking ahead, Cryptomathic plans to leverage its global sales channels and partner network to accelerate TrustSkills’ growth internationally. The companies will work to integrate their technologies and teams to deliver a unified cybersecurity platform that addresses evolving market demands.

This acquisition underscores Riverside Europe’s commitment to building transformative growth companies in the cybersecurity space and positions Cryptomathic for enhanced competitiveness in the certificate lifecycle management segment.