S2 Grupo grows by more than 28% in 2023 and achieves a turnover of 42 million euros
S2 Grupo, a company specialized in cybersecurity and cyberintelligence has managed to grow by 28.4% in 2023, reaching a turnover of 42 million euros. These figures reflect S2 Grupo's current outstanding position in the international market and its commitment to technological excellence.
José Rosell, co-founder and CEO of S2 Grupo, explains that the fundamental factors behind this significant growth have been the increase in the number of clients in the private sector, as well as the commitment to the field of Defense and the successes achieved in European institutions and the strong presence in the public sector. Moreover, S2 Grupo is now the only Spanish cybersecurity company with 100% Spanish capital. This is of fundamental importance, as it contributes to safeguarding digital sovereignty in Europe and strengthening our competitiveness in the field of cybersecurity vis-à-vis third parties.
Our clients include most of the leading companies in the distribution, energy, banking and insurance, healthcare, industry and public administration sectors.
Investment in Research, Development and Innovation
As a key part of the company's evolution, the investment in R&D&I during the year 2023, which amounted to more than 4 million euros, stands out.
Miguel A. Juan, co-founder of S2 Grupo, explains that the commitment to research and innovation not only allows us to develop our own technology, but also consolidates the reputation of our professionals as experts in cybersecurity, strengthening our ability to respond to any incident in this area. In addition, we work closely with the European Commission and other international bodies to create proprietary technology that enables the continent to become technologically independent.
Since 2009, the cybersecurity company has led and actively participated in European consortiums, promoting its own innovative technology. In addition, it has established collaboration channels with the best research entities in Europe and has managed to reach European and American markets with its technology.
In recent years, investment in R&D has exceeded 10% of annual turnover. This, in addition to reflecting our commitment to research and development of new solutions, contributes to the reputation of our professionals as cybersecurity experts and enhances our ability to respond to any cybersecurity threat.
International development
S2 Grupo has become a leader in the sector in Spain and Europe, and currently provides services in more than 35 countries and has offices in Valencia, Madrid, Seville, Barcelona, San Sebastian, Lisbon, Rotterdam, Bogota, and Santiago de Chile.
Our international business volume in 2023 has grown to 20% of its global turnover due to the strong development in Latin American markets, such as Colombia or Chile, and in Europe in countries such as Holland, Ireland, Belgium or Portugal.
Among the objectives for the coming years is the consolidation of Spain as one of the European nations with the greatest projection in cybersecurity on the continent, continuing to create its own cybersecurity tools and specializing in cybersecurity in critical sectors such as industry, health, automotive and defense.
In addition, we aim to consolidate the international market both in LATAM and Europe, as well as its cybersecurity capabilities in the field of industrial control systems and medical systems.
New corporate headquarters in Valencia in 2024
In the first half of 2024, the Valencia facilities are scheduled to move to La Centrifugadora, which is one of the most emblematic buildings in the city and is located in an old industrial building dating back to the early 20th century. It is located in the Grao area of the city and will have 6,000 square meters of office space and 700 square meters of garden.
The company's new corporate headquarters will unite in a single space the Corporate Management, the R&D&I Development Center, its industrial cybersecurity laboratory, as well as its Cybersecurity Operations Center (CERT, cybersecurity incident response center), which is one of the most secure, advanced and complete in the world.
Increasing headcount and promoting talent
In 2023, the S2 Group team has increased by 100 people, which is 16% more than in 2022. Currently, the headcount is more than 700 people in Europe and Latin America. This cybersecurity company is highly committed to attracting qualified talent and the goal is to reach in the coming years a team of more than a thousand professionals who are the best in their specialty.
On the other hand, we are at the forefront in cybersecurity training for all its disciplines, with an impact on society through Enigma University, in which S2 Grupo professionals, who are currently international benchmarks in the field of cybersecurity, train new promotions of students who want to enter a sector that is in full growth, boosting their specific knowledge and attracting talent. It is aimed at students of university degrees related to Information Technology, Artificial Intelligence and Big Data, although candidates from other disciplines are also accepted because cybersecurity is transversal.