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NRD Cyber Security: a cybersecurity company

NRD Cyber Security is a company that offers cybersecurity solutions, consulting, and other services. The company provides managed security services (SOC and CISO), helps sectors and governments build their cyber resilience capabilities, and develops cyber threat monitoring technologies. In 2025 its annual turnover reached 14 million euros. The company employs more than 70 people, and its projects span more than 60 countries.

NRD Cyber Security began operations in 2013 as a cybersecurity consulting firm. In 2017, it began developing its own cybersecurity products, and since 2019, it has been actively expanding its managed security services provider (MSSP) business line.

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Key People

Dr. Vilius Benetis
Director
Darius Dulskas
Director of Sales and Business Development
Romualdas Lečickis
Director of Cybersecurity Group
Artūras Šriupša
Director of CyberSOC
Živilė Nečejauskaitė
Director of Marketing and Communications
Žygimantas Mackevičius
CFO
Arūnas Venclovas
Director of Product Development Group

Legal Structure

Geography & Sectors

NRD Cyber Security business base is in Lithuania with global presence and majority revenues coming from public sector and growing in private and financial sectors.
*Excluding finance.

Revenue split by geography (millions of euros)

Revenue split by sectors (millions of euros)

*Excluding finance.

Proprietary Products

Natrix – a national and sectorial cybersecurity monitoring and threat hunting platform

CyberSet – a services automation toolkit for Computer Security Incidence Report Teams (CSIRTs) and Security Operations Centres (SOCs)

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Growth Targets for 2025-2030

  • Revenue and EBITDA CAGR of
    25%
  • Share of contribution margin from recurring services for product licences and SaaS and MSSP services not less than
    50%
NRD Cyber Security has identified three strategic areas for growth by 2030:
  • Revenues from product licenses

    will be nine times more on the strength of the Natrix and CyberSet products and forthcoming developments.

  • Revenues from MSSP services

    will triple based on backlog, historical clients acquisition speed and potential customer pipeline.

  • Revenues from consulting

    will quadruple driven by surging market needs and new service provision models.

Revenues from product licenses

will be nine times more on the strength of the Natrix and CyberSet products and forthcoming developments.

Revenues from MSSP services

will triple based on backlog, historical clients acquisition speed and potential customer pipeline.

Revenues from consulting

will quadruple driven by surging market needs and new service provision models.

Financial Performance

NRD Cyber Security (thousands of euros)
Overall
2023 2024 2025 2030 CAGR
’23-’25		 CAGR
’25-’30*
Revenue 8,146 11,415 14,152 30,621 32% 17%
Contribution margin** 4,662 5,697 7,246 16,672 25% 18%
EBITDA*** 1,182 1,376 2,013 5,759 30% 23%
EBIT*** 1,043 1,228 1,865 5,759 34% 25%
Revenue Contribution margin** EBITDA*** EBIT***
2023 8,146 4,662 1,182 1,043
2024 11,415 5,697 1,376 1,228
2025 14,152 7,246 2,013 1,865
2030 30,621 16,672 5,759 5,759
CAGR
’23-’25		 32% 25% 30% 34%
CAGR
’25-’30*		 17% 18% 23% 25%
*Growth estimates.
**In calculating the contribution margin figure, direct wage costs were not included in the cost of sales.
***Profit metrics are adjusted to exclude material one-off items not related to normal business operations.
NRD Cyber Security (thousands of euros)
Software solutions
2023 2024 2025 2030 CAGR
’23-’25		 CAGR
’25-’30*
Revenue 406 204 96 884 -51% 56%
Contribution margin** 327 200 93 619 -47% 46%
Revenue Contribution margin**
2023 406 327
2024 204 200
2025 96 93
2030 884 619
CAGR
’23-’25		 -51% -47%
CAGR
’25-’30*		 56% 46%
*Growth estimates.
**In calculating the contribution margin figure, direct wage costs were not included in the cost of sales.
NRD Cyber Security (thousands of euros)
IT & Professional Services
2023 2024 2025 2030 CAGR
’23-’25		 CAGR
’25-’30*
Revenue 2,879 3,323 4,028 10,249 18% 21%
Contribution margin** 2,536 2,928 3,751 7,276 22% 14%
Revenue Contribution margin**
2023 2,879 2,536
2024 3,323 2,928
2025 4,028 3,751
2030 10,249 7,276
CAGR
’23-’25		 18% 22%
CAGR
’25-’30*		 21% 14%
*Growth estimates.
**In calculating the contribution margin figure, direct wage costs were not included in the cost of sales.
NRD Cyber Security (thousands of euros)
Value Added Reselling
2023 2024 2025 2030 CAGR
’23-’25		 CAGR
’25-’30*
Revenue 3,799 6,352 8,030 11,316 45% 7%
Contribution margin** 757 1,091 1,484 1,585 40% 1%
Revenue Contribution margin**
2023 3,799 757
2024 6,352 1,091
2025 8,030 1,484
2030 11,316 1,585
CAGR
’23-’25		 45% 40%
CAGR
’25-’30*		 7% 1%
*Growth estimates.
**In calculating the contribution margin figure, direct wage costs were not included in the cost of sales.
NRD Cyber Security (thousands of euros)
Managed IT Services
2023 2024 2025 2030 CAGR
’23-’25		 CAGR
’25-’30*
Revenue 1,063 1,536 1,998 8,172 37% 33%
Contribution margin** 1,042 1,478 1,918 7,191 36% 30%
Revenue Contribution margin**
2023 1,063 1,042
2024 1,536 1,478
2025 1,998 1,918
2030 8,172 7,191
CAGR
’23-’25		 37% 36%
CAGR
’25-’30*		 33% 30%
*Growth estimates.
**In calculating the contribution margin figure, direct wage costs were not included in the cost of sales.
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Customer Base

National critical infrastructure
  • National Cyber Security Centre of Lithuania (LT)
  • Ministry of National Defence of Lithuania (LT)
  • Police Department under the Ministry of the Interior (LT)
  • Customs Department under the Ministry of Finance (LT)
  • State Enterprise Centre of Registers (LT)
  • Bangladesh Computer Council (BD)
Finance
  • Central Bank of Guyana (GY)
  • Bank of Botswana (BW)
  • Central Bank of Egypt (EG)
  • Uganda Bankers’ Association (UG)
  • Bangladesh Bank (BD)
  • Central Bank of Nigeria (NG)
  • Šiaulių Bankas (LT)
  • GF bankas (LT)
Private
  • Bitė Lietuva (LT)
  • Teltonika IoT Group (LT)
  • Kauno Tiltai (LT)
  • Vakarų Medienos Grupė (LT)
International development organizations
  • European Union Agency for Cybersecurity (EU)
  • International Telecommunication Union (CH)
  • United Nations Office for Project Services (RS)
  • Northern Ireland Co-operation Overseas (UK)
  • Southern African Development Community (SA)
  • Commonwealth Telecommunications Organisation (UK)
  • Geneva Centre for Security Sector Governance (CH)
  • Office of the Commissioner of Electronic Communications and Postal Regulations (CY)

Notable projects

Financial sector cybersecurity design and deployment in Egypt

We created and are currently deploying one of the world's few financial sector cybersecurity designs.

Egypt’s financial sector cybersecurity project includes creation and detailing of procedures, creation and deployment of a Computer Incidence Report Team (CIRT), deployment of a proprietary Natrix threat monitoring platform and ongoing deployment of the design at over 30 Egyptian financial institutions.

Bangladesh national cyber resilience build-up

We've worked with the Bangladesh Computer Council to strengthen Bangladesh’s cyber resilience since 2016.

In a 5-phase project, we created and deployed a Computer Incident Response Team (CIRT) and an additional CIRT Laboratory for national cyber threat analysis, deployed Oxford University’s Cybersecurity Capacity Maturity Model, developed a cybersecurity strategy and master implementation plan for Critical Information Infrastructures, and deployed 15 proprietary Natrix platforms. Currently over 50 people work on Bangladesh’s CIRT and at its CIRT Laboratory.

Cybersecurity methodology development for ENISA

On behalf of the European Union Agency for Cybersecurity (ENISA), we developed a cyber crisis management maturity methodology for EU institutions and a methodology for the establishment and development of Computer Security Incident Teams (CSIRTs) and Security Operations Centres (SOCs).

Creation of cybersecurity guidelines for the EIB

We developed and validated a statistically based methodology for the European Investment Bank (EIB) to identify the right cybersecurity investments in 15 different sectors - from agriculture to banking and financial services.

Key Highlights

  • 1
    Leader in the cybersecurity incidence response industry, including the development of standards (contributor to the FIRST CSIRT Services Framework and main author of ENISA guidelines for the establishment of CSIRTs and SOCs and cyber crisis maturity models).
  • 2
    National cybersecurity strategies: design and implementation.
  • 3
    Cutting edge proprietary products: Natrix and CyberSet.
  • 4
    Strong line-up of industry-leading experts.
  • 5
    30% compound annual growth of revenue since the spin off the company (calculated from 2014).
1
Leader in the cybersecurity incidence response industry, including the development of standards (contributor to the FIRST CSIRT Services Framework and main author of ENISA guidelines for the establishment of CSIRTs and SOCs and cyber crisis maturity models).
2
National cybersecurity strategies: design and implementation.
3
Cutting edge proprietary products: Natrix and CyberSet.
4
Strong line-up of industry-leading experts.
5
30% compound annual growth of revenue since the spin off the company (calculated from 2014).
  • 1

Want To Know More?

Need more information about NRD Cyber Security?
Visit the NRD Cyber Security's website