What Viking Cloud (Formerly Sysnet Global Solutions) does

Viking Cloud (formerly Sysnet Global Solutions) is a private cybersecurity and compliance solutions company headquartered in Carrickmines, Ireland, operating through its primary US-incorporated entity Viking Cloud, Inc. The company delivers AI-powered cybersecurity and compliance services built on its proprietary Asgard Platform®, targeting multi-location operators, global enterprises, and regulated industries including retail, hospitality, healthcare, travel, fuel and convenience, and pharmacy. According to company disclosures, VikingCloud protects 4+ million business locations across 70+ countries, manages 300+ corporate brands, processes 33+ billion threat events per month, and maintains a 98% customer retention rate. It holds 22 granted patents and has been recognized with Global InfoSec and TESS awards.

The company's core offering is the Asgard Platform®, which integrates managed security services (network security, endpoint security, managed detection and response, threat detection and response, and backup internet continuity), PCI DSS compliance services delivered by 100+ Qualified Security Assessors across 16 countries, security testing (penetration testing, vulnerability scanning, digital forensics), and enterprise compliance offerings spanning HIPAA, risk management, data privacy, web risk monitoring, and digital certificate management. It maintains sub-brands including SecureTrust for small-business PCI compliance (with a self-serve product, SecureTrust PCI Manager), CCS Advantage for merchant risk management, and the Digital Certificates Control Center. The company is progressing through the CREST Accreditation Pathway and conforms to WCAG 2.2 Level AA accessibility standards.

Viking Cloud generates revenue primarily through annual or multi-year subscription contracts for managed security services and enterprise compliance programs, engagement-based pricing for security testing, and self-serve subscription pricing for small-business products. Its go-to-market combines direct enterprise field sales for large multi-location operators, inside sales for mid-market clients, a self-serve e-commerce channel for Level 4 merchants via SecureTrust, and partner/reseller programs. The company is backed by FTV Capital and True Wind Capital Management following a $164.7 million growth financing in February 2020, and has executed an aggressive M&A strategy including the acquisitions of NuArx (January 2021), ControlScan's Managed Compliance Solutions (December 2020), and SecureTrust (October 2021).

Name

Viking Cloud (Formerly Sysnet Global Solutions)

Legal name

Viking Cloud, Inc.

Website

https://vikingcloud.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

251–500 employees

Short description

Viking Cloud provides AI-powered cybersecurity and compliance services through its proprietary Asgard Platform, serving 300+ enterprise brands across retail, hospitality, healthcare, travel, and other regulated industries in 70+ countries, with 4+ million business locations protected.

Ownership category

akta.pro rank

Product category

Cybersecurity and Compliance Services

NAICS

Security Systems Services (56162), Computer Systems Design and Related Services (5415), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372)

akta.pro primary industry

Network Security Managed Services (Firewall/IDS/IPS/SASE) (BPAEADAG)

Keywords

• Managed security services
• PCI compliance services
• Cybersecurity compliance platform
• Penetration testing services
• HIPAA risk management

Headquarters

HQ city

Carrickmines

HQ country

Ireland

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Managed Security Services (MSS) Subscriptions: Recurring subscription-based managed security services providing continuous monitoring, threat detection, and response across customer environments. Revenue is generated through annual or multi-year contracts with monthly billing typically offered. Services cover network security, endpoint security, managed detection and response, and backup internet continuity for multi-location operators and enterprises.
2. PCI Compliance Services and Assessments: Revenue from Qualified Security Assessor (QSA) assessments, Approved Scanning Vendor (ASV) vulnerability scans, SAQ support, and PCI DSS compliance program management. This includes advisory services, gap assessments, remediation planning, and annual compliance validation for merchants and service providers across all PCI levels. Delivered through the Asgard Platform and consultant-led engagements.
3. Security Testing Services: One-time and recurring penetration testing, vulnerability scanning, and digital forensics engagements. Revenue recognized per engagement or as part of managed service bundles. VikingCloud's testing teams perform CREST-aligned assessments for regulated clients.
4. Small Business PCI Compliance Products: Self-serve PCI compliance products for small and micro-businesses, including SecureTrust PCI Manager, sold as subscription or unit-priced offerings with monthly billing. Targets Level 4 merchants (smallest transaction volumes) who require basic PCI DSS compliance tooling.
5. Cyber Risk Defense and Web Risk Monitoring: Subscription-based platforms for ongoing cyber risk scoring, web risk monitoring, and digital certificate management. Delivered via the Asgard Platform and dedicated portals (WRM portal, Digital Certificates Control Center).
6. HIPAA and Healthcare Compliance Services: Advisory and compliance services for healthcare organizations addressing HIPAA Security Rule requirements, including risk analysis, gap assessments, ePHI data-flow mapping, business associate oversight program design, and audit readiness preparation.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

VikingCloud delivers AI-powered cybersecurity and compliance solutions through its proprietary Asgard Platform®, combining managed security services, PCI DSS compliance assessments, penetration testing, vulnerability scanning, web risk monitoring, and HIPAA compliance advisory. The company protects 4+ million business locations across 70+ countries for merchants, multi-location operators, healthcare organizations, and regulated enterprises, with 100+ Qualified Security Assessors operating in 16 countries.

Product overview

VikingCloud operates as a unified cybersecurity and compliance platform with the AI-powered Asgard Platform at its core, supplemented by comprehensive managed security services (network, endpoint, threat detection/response), security testing (penetration testing, vulnerability scanning, digital forensics), and enterprise compliance offerings (PCI DSS, HIPAA, risk management, data privacy). The company, which rebranded from Sysnet Global Solutions, serves merchants and enterprises across multiple verticals including retail, hospitality, healthcare, restaurants, travel, fuel/convenience, and pharmacy. Their product portfolio includes customer-facing platforms (Asgard Platform, My VikingCloud, Web Risk Monitoring, Digital Certificates Control Center), merchant risk management services (CCS Advantage, Cyber Risk Defense, Secure Payment Solution), and the small business-focused SecureTrust PCI Manager. The company claims to protect over 4 million business locations with 300+ corporate brands under management.

Differentiator

Problem solved

Functional benefit

Brands

• SecureTrust: PCI compliance and secure payment solutions brand, including SecureTrust PCI Manager for Small Business and Digital Certificates Control Center
• Asgard Platform
• My VikingCloud
• CCS Advantage

Products and services

• Asgard Platform AI-powered cybersecurity and compliance platform that enables organizations to make faster, informed, predictive, and cost-effective risk mitigation decisions 24x7 through continuous, asset-level risk scoring to prioritize exposures most likely to disrupt operations.
• Managed Security Services Enterprise cybersecurity service providing 24x7 monitoring, threat detection, and response capabilities combining AI-driven insights with dedicated human expertise to protect business locations and networks for multi-location operators and enterprises.
• PCI Compliance Global PCI DSS compliance assessment and validation services covering all 12 PCI DSS requirements, including QSA assessments, ASV scanning, SAQ support, and compliance program management for merchants and service providers at all four PCI levels.
• Penetration Testing Security testing service involving ethical hacking to identify vulnerabilities and security weaknesses in systems and applications, aligned with the CREST Accreditation Pathway for regulated clients.
• Vulnerability Scanning Automated scanning service to detect security vulnerabilities in external-facing systems and infrastructure, including Approved Scanning Vendor (ASV) scanning for PCI compliance.
• Threat Detection & Response Managed Detection and Response (MDR) service providing real-time monitoring, threat identification, and incident response capabilities integrated with the Asgard Platform for risk scoring.
• Network Security Security services focused on protecting enterprise network infrastructure, connections, and data transmission across distributed business locations.
• Endpoint Security Protection services for endpoint devices including workstations, mobile devices, and other network-connected endpoints across distributed environments.
• Digital Forensics Services Forensic investigation services to analyze security incidents, data breaches, and digital evidence for affected organizations.
• Risk Management Enterprise risk assessment and management services to identify, evaluate, and mitigate cybersecurity and compliance risks for organizations.
• Data Privacy Services focused on data protection, privacy compliance, and securing sensitive information for regulated organizations.
• HIPAA Compliance Healthcare compliance services helping covered entities and business associates meet HIPAA Security Rule requirements for protecting electronic protected health information (ePHI), including risk analysis, gap assessments, and audit readiness preparation.
• CCS Advantage Merchant risk management program providing comprehensive compliance and security services designed for multi-location operators across the CCS Advantage cloud compliance services portfolio.
• Cyber Risk Defense Proactive cyber risk protection service designed to predict and prevent threats before they impact business operations, delivered via the Asgard Platform.
• Web Risk Monitoring Continuous monitoring service to identify and assess web-based threats, domain risks, and digital brand exposure across external-facing assets.
• Secure Payment Solution Payment security services helping merchants protect cardholder data and maintain PCI DSS compliance, including protection against e-skimming threats.
• SecureTrust PCI Manager for Small Business PCI compliance solution specifically designed for small businesses, offering fast, affordable, and simple PCI DSS compliance management sold through securetrust.com under the SecureTrust sub-brand.
• Digital Certificates Control Center Platform for managing digital certificates and PKI services for secure communications, enabling centralized certificate lifecycle management and monitoring.

Quantifiable outcome

• 98% customer retention rate
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

One partnership is on record.

• CREST (Council of Registered Ethical Security Testers)coreTechnology or IntegrationVikingCloud participates in the CREST Accreditation Pathway and is actively progressing toward Pathway+ and full CREST Membership. This partnership validates VikingCloud's penetration testing and security testing methodologies against internationally recognized organizational quality standards, giving regulated customers confidence in testing rigor, governance, and repeatability of results.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Optiv Security: Optiv is a large cybersecurity solutions integrator and MSSP delivering managed security, risk management, and compliance services to enterprises. Its full-lifecycle security and compliance portfolio overlaps significantly with VikingCloud's Asgard Platform and MSS offering.
• Coalfire: Coalfire is a leading cybersecurity advisory firm specializing in PCI DSS, HIPAA, and compliance assessments, with a large QSA bench. It is one of the closest direct competitors to VikingCloud in PCI compliance and risk advisory services.
• Secureworks: Secureworks (a Dell Technologies company) provides managed security services, MDR, and compliance consulting to mid-market and enterprise customers. It competes directly with VikingCloud's managed security, threat detection, and security testing offerings.
• Trustwave: Trustwave is one of the largest global MSSPs and a direct PCI compliance competitor, offering managed security, threat detection, and PCI QSA services to merchants and enterprises. Its full-stack cybersecurity and compliance model closely mirrors VikingCloud's positioning.
• Schellman & Co. Schellman is a top-tier PCI QSA and compliance assessment firm with deep expertise in PCI DSS, HITRUST, and SOC. It directly competes with VikingCloud's QSA assessment and enterprise compliance advisory services.

Emerging players

• Rapid7: Rapid7 provides vulnerability management, penetration testing, and managed detection services that overlap with VikingCloud's security testing and MSS offerings. Its Insight platform is a competing AI-driven security operations solution for mid-market and enterprise customers.
• CrowdStrike: CrowdStrike is a leading cloud-native endpoint and MDR platform increasingly extending into compliance posture management and managed detection. It competes with VikingCloud's endpoint, MDR, and risk-based security offerings for enterprise security budgets.

Broad incumbents

• Kroll Cyber Risk: Kroll's cyber risk practice delivers incident response, digital forensics, penetration testing, and managed security services to global enterprises. It is a broad incumbent that overlaps with VikingCloud's security testing and MSS portfolio.
• Atos Cybersecurity (Eviden): Atos/Eviden is a global IT services incumbent that delivers managed security, PCI compliance advisory, and SOC services to large enterprises. It is a broad incumbent competitor with overlapping capabilities but a much wider portfolio beyond cybersecurity and compliance.

Others

• ControlScan (legacy MCS): ControlScan's Managed Compliance Solutions (MCS) business was acquired by VikingCloud in 2020, so it is no longer an independent peer, but it historically served the same Level 4 SMB PCI compliance segment as SecureTrust. Included as a reference for SMB PCI compliance market structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/vikingcloudcom

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Viking Cloud (Formerly Sysnet Global Solutions)