Cybersecurity and IT infrastructure risk
Exonaut and customer data must remain secure in mission-critical environments.
- Scope
- Software platform, hosted services, and customer data
- Materiality
- high
4C Group
4C Group AB, marketed as 4C Strategies, develops software and related services for organizations that need to plan, train for, and manage operations in complex and mission-critical environments. The group is headquartered in Stockholm and operates through subsidiaries in Sweden, Norway, Finland, the United Kingdom, the United States, and Australia.
| % | |
|---|---|
| Software licenses | 45% Timelimited or perpetual licenses for the Exonaut platform, including hosted operation. |
| Support and maintenance | 20% Ongoing support, maintenance, and operation services tied to customer software deployments. |
| Expert services | 20% Advisory, readiness, business continuity, incident, and crisis management services. |
| Software development | 15% Customer-specific customization and development work linked to the platform. |
4C sells to organizations that operate in mission-critical, security-sensitive, or compliance-heavy environments...
- Defense and military customersprimary
Buy Exonaut and related services for training, exercises, readiness, and mission planning.
- Public-sector and government agenciesprimary
Buy software and advisory services to support preparedness, compliance, and continuity.
- International institutions and NGOssecondary
Use the platform and services for resilience, coordination, and operational readiness.
- Private-sector enterprisessecondary
Buy risk, continuity, and incident-management tools to protect critical operations.
4C is headquartered in Stockholm and has operational subsidiaries in Sweden, Norway, Finland, the United Kingdom, the...
- •Headquartered in Stockholm, Sweden
- •Operational units in Sweden, Norway, Finland, the UK, the US, and Australia
- •Local presence supports sales and delivery in each market
- •International customer base served through the same platform
- •Geography matters because defense and public-sector demand is local
4C’s strategy is centered on expanding the Exonaut platform, adding functionality, and broadening the customer base...
01
Platform developmentmedium-term
New functionality strengthens the core product and supports larger deployments.
02
Market expansionmedium-term
Growth depends on reaching more customers across defense and private sectors.
03
Geographic expansionmedium-term
Local presence helps win contracts that require in-country delivery and support.
4C’s business depends on secure software, reliable internal controls, and the ability to adapt its offering to changing...
Internal control and fraud risk
The company handles sensitive information and is exposed to fraud, hacking, and improper actions.
- Scope
- Operations, invoicing, and confidential customer information
- Materiality
- high
Geopolitical and demand risk
Customer needs are tied to conflicts, security events, and public-sector priorities.
- Scope
- Defense and readiness-related demand
- Materiality
- high
Foreign exchange risk
The group operates across several currencies and countries.
- Scope
- Cross-border sales and operating costs
- Materiality
- medium
Tax and regulatory risk
Multi-country operations increase the chance of tax interpretation disputes or rule changes.
- Scope
- Corporate income tax, VAT, payroll and transfer pricing
- Materiality
- medium
Revenue recognition by contract type
Can shift revenue between periods depending on delivery and service completion
Capitalized development costs
Affects operating profit and future amortization
Expected credit losses
Can change reported profit and net working capital
Lease accounting
Affects EBITDA, depreciation, and leverage presentation
: 11/08/2026