Heimdal Security
Sector: Cybersecurity/IT
Backed By: Marlin Private Equity
Location: Copenhagen, Denmark
Sector: Cybersecurity/IT
Backed By: Marlin Private Equity
Location: Copenhagen, Denmark
Heimdal Security is a leading European provider of cloud-based cybersecurity solutions. Headquartered in Copenhagen, Denmark and with a strong presence in Scandinavia, and the U.K. and U.S. markets, Heimdal’s comprehensive endpoint security suite is delivered through a subscription-based, multi-tenant cloud platform that allows companies to protect themselves and their customers from cybercrime, as well as safeguard critical information and intellectual property.
The company offers a multi-layered security suite which combines threat prevention, endpoint rights management, and antivirus and mail security which together secures customers against cyberattacks and keeps critical information and intellectual property safe. Heimdal has been recognized as a thought leader in the industry and has won multiple international awards both for its solutions and for its educational content creation. Heimdal serves and protects over 6,000 companies globally.
Marlin Equity Partners is a global investment firm with over $7.6 billion of capital under management that is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs.
Marlin completed the acquisition of Heimdal in 2020 with the aim to support them in accelerating growth, enhancing the product offering and expanding international operations.
ARA Advisory provided cashflow modelling services to support the Group CFO and Marlin Operating Director.
Heimdal has grown geographically and has expanded its suites of products and services, and in order to support the next phase of its growth the CFO required a brand new 13 week cashflow model.
The existing model was dated, unwieldy, and not fit for purpose, therefore making the cashflow forecast process time consuming and challenging.
As it stood, the existing model didn’t have the functionality to provide a timely and detailed cashflow forecast on a weekly basis.
We built a brand new, professional, and streamlined cash flow model for the Group. The model consists of:
The new model has enabled Heimdal and Marlin to monitor cashflow on a rolling weekly basis:
Therefore helping to better understand the key drivers of cash, and to help improve cash collection. The model was successfully handed over, and adopted by the finance team.
