fiskaly has acquired Infrasec Sweden AB for an undisclosed amount, marking a significant development in the fiscalization and tax compliance sector. Infrasec, founded in 2002 as an IT Security Company, has been a prominent provider of VAT Tax Compliance services since 2010. It is recognized as the largest service provider of cloud-based VAT solutions for the new SKVFS 2020:9 standard for Point of Sale (POS) systems in Sweden, and was also the first vendor to receive certification for the older 2009:2 standard in the country.
The acquisition is a strategic move, integrating Infrasec’s deep expertise in security frameworks and application development for financial security solutions. Infrasec operates a fully certified cloud platform, named TCS, which facilitates VAT reporting according to the latest approved standards by the Swedish Tax Authorities. Its platform boasts high availability, with 99.999% uptime in 2024, an easy setup process, and strong compliance, featuring SKV certified operational practices and security matching ISO 27001 requirements as per SKVFS 2020:9. This specialized capability provides fiskaly with an established and robust solution for tax compliance.
This integration is expected to create significant synergies, allowing fiskaly to leverage Infrasec’s proven cloud-based VAT solutions and its extensive experience in the Swedish market. The addition of Infrasec’s compliant and secure infrastructure strengthens fiskaly's overall offering in digital fiscalization and regulatory compliance. The acquisition will enable fiskaly to enhance its product portfolio, potentially expanding its reach within the Nordics and beyond with a certified, high-performance tax compliance system.
The combined entity is poised to deliver more comprehensive and secure tax compliance and smart payment solutions. By integrating Infrasec's specialized expertise and certified technology, fiskaly aims to solidify its position as a leading provider of fiscalization services, meeting complex regulatory demands with reliable and innovative cloud-based offerings.