Estonian Net Group acquires German company Cloud Ahoi

Estonian software company Net Group is expanding its presence in Germany by acquiring technology company Cloud Ahoi.

The German company Cloud Ahoi offers comprehensive cybersecurity solutions for the private and public sector and is a strategic partner of Volkswagen Corporation. 

Net Group is an Estonian software development and consultancy firm operating in the EMEA region (Europe, the Middle East, and Africa). The company specializes in product development, tech team extension, and providing business intelligence services to companies and organizations. Its areas of expertise include e-commerce, e-governance, fintech, digital utility businesses, and custom software.

Net Group has stakes in Estonian healthtech Elsavie, Tallinn-based Synerall, which develops billing solutions for energy companies, and AI-powered fintech Depowise. And in 2024, it acquired Estonian software company Outl1ne. The main shareholders are Priit Kongo (51.65%) and Jaan Feldmann (34.16%). Net Group was founded in 1999.  

According to Priit Kongo, CEO of Net Group, the deal is significant because, on the one hand, it will allow the company to expand its cybersecurity services capabilities, and on the other hand, it will help it scale in Germany, which is Estonia's largest export market.