What Specure does

Specure GmbH is a Vienna-based private company (Gesellschaft mit beschränkter Haftung) established in October 2014 and operating under Austrian law, with headquarters at Irenäusgasse 33 in Vienna. The company addresses two specialized regulatory-technology needs of national telecommunications authorities through two product lines: the EAS Auction Platform (marketed as "Specure Auctions"), a web-based spectrum auction software system supporting both Simultaneous Multiple Round Auction (SMRA) and Combinatorial Clock Auction (CCA) formats with per-jurisdiction customization, bidder training, mock auctions, and live auction support; and Open Nettest, an open-source broadband quality-of-service measurement and monitoring platform deployed across regulators in Austria, Norway, Slovenia, Slovakia, the Czech Republic, Montenegro, Bahrain, and Serbia, with country-branded consumer variants such as Nettfart Mobile (Norway), RTR Nettest (Austria), and AKOS Test Net (Slovenia).

The company's revenue mechanics are project-based and managed-services-based against government procurement: auction engagements typically span on-site and off-site workshops, software delivery and customization, mock auctions, bidder training, live support during the auction event, and post-mortem reports, while Open Nettest deployments involve implementation of custom measurement servers, continuous monitoring, and ongoing platform support. Pricing is not publicly disclosed. Specure executes engagements both directly (e.g., Polish UKE 3.4-3.8 GHz auction 2018-2021, Croatia multi-band auctions 2020-2023, Tanzania 700 MHz 2018) and in consortium with Auctiometrix (Belgium 2018-2022, Finland 26 GHz 2019-2020) or as subcontractor to Coleago Consulting (Montenegro, Tanzania).

The customer base is exclusively national telecom regulatory authorities in Europe (Austria, Belgium, Poland, Finland, Portugal, Croatia, Montenegro, Norway, Slovenia, Slovakia, Czech Republic) and Africa (Nigeria, Tanzania), with documented outcomes including the December 2021 Nigerian 3.5 GHz auction that generated $547.2 million in proceeds, Montenegro's 2022 700MHz/3.6GHz/26GHz auction that raised EUR 8.8 million, and the Croatia 5G auction that attracted 9 bidders. Specure also served as technology partner on the EU Connecting Europe Facility co-financed MoQoS project (EUR 997,808 budget, completed 2021) which facilitated cross-regulator broadband QoS data cooperation. Open-source repositories are maintained under github.com/specure for Android and iOS measurement applications.

Name

Specure

Legal name

Specure GmbH

Website

https://specure.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Specure GmbH is a Vienna-based private company founded in 2014 that sells the EAS spectrum auction software and the Open Nettest broadband QoS measurement platform to national telecom regulators across Europe and Africa, delivered as project-based consulting and managed services.

Ownership category

akta.pro rank

Product category

Telecom Spectrum Auction and QoS Measurement Software

NAICS

Software Publishers (5132)

akta.pro primary industry

Auction & Primary Issuance Platforms (IPO/Follow-on/Bond Auctions) (FSAFANAI)

Keywords

• Spectrum auction software
• QoS measurement platform
• Telecom regulator tools
• Broadband monitoring
• Spectrum management solutions

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Spectrum Auction Software Services: Software delivery, consulting, and execution support for spectrum auctions conducted by telecom regulators across Europe and Africa. Projects include workshops, training, and live auction support.
2. QoS Measurement Platform Deployment: Implementation and maintenance of Open Nettest platform for national telecom regulators, including custom measurement servers and continuous monitoring solutions

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Specure GmbH develops and delivers web-based spectrum auction software (EAS Auction Platform) supporting SMRA and CCA auction formats for national telecom regulators, paired with consulting, training, and live auction support. The company also operates Open Nettest, an open-source quality of service (QoS) measurement and monitoring platform for internet access services, including mobile apps, web portal, broadband map visualization, and measurement servers deployed by European and African regulators.

Product overview

Specure GmbH offers two core product lines: (1) Specure Auctions (EAS Auction Platform) - a spectrum auction software solution supporting both SMRA and CCA auction formats for telecom regulators conducting spectrum allocation; and (2) Open Nettest - a QoS measurement and monitoring platform for internet access service quality. The Open Nettest platform includes branded variants deployed for national regulators (Nettfart Mobile for Norway, RTR Nettest for Austria, AKOS Test Net for Slovenia, meracinternetu.sk for Slovakia, Bahrain Broadband KPIs monitoring). Specure also participated as technology partner in the EU-funded MoQoS project for cross-regulator QoS measurement cooperation.

Differentiator

Problem solved

Functional benefit

Brands

• EAS Auction Platform: Electronic Auction System platform deployed for spectrum auctions across Europe and Africa
• Open Nettest

Products and services

• Specure Auctions (EAS Auction Platform)

Quantifiable outcome

• Successful completion of spectrum auctions raising billions in proceeds for governments
• +1 more outcomes

Named customers10 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• AuctiometrixcoreStrategic or Co-development PartnerConsortium partnership with Auctiometrix for spectrum auction consulting and software delivery. Specure has collaborated with Auctiometrix on multiple spectrum auctions including Belgium series of auctions (2018-2022) and Finland 26GHz auction (2019-2020).
• Coleago ConsultingcoreStrategic or Co-development PartnerSubcontractor relationship for spectrum auction projects. Coleago Consulting worked with Specure on Montenegro multi-band CCA auction and Tanzania 700MHz auction as main contractor with Specure as subcontractor for software services.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Ookla: Global leader in internet performance measurement (Speedtest), providing speedtest, QoS data, and broadband mapping products to regulators and operators worldwide. Much larger and consumer-focused, but overlaps with Specure's Open Nettest in the regulator QoS measurement space.
• Frontier Economics: Global economic consultancy with a spectrum and auction practice advising regulators on auction design, spectrum valuation, and bidding strategy. Larger and broader than Specure but competes in the same B2G spectrum auction advisory market.
• Analysys Mason: Large global telecom consultancy offering spectrum auction advisory, regulatory support, and related software services. Operates broadly in telecom consulting with auction expertise as part of a wider portfolio, competing with Specure in larger-scale regulator mandates.

Direct peers

• NERA Economic Consulting: Global economic consultancy with a dedicated spectrum auction practice providing auction design, bidding support, and consulting to telecom regulators. Competes with Specure in auction advisory and software markets across Europe, Africa, and the Americas.
• Coleago Consulting: Telecom strategy consultancy that has worked with Specure as primary contractor on Montenegro CCA auction and Tanzania 700MHz auction. Coleago operates in adjacent spectrum auction advisory and consulting, overlapping with Specure's service delivery in regulator engagements.
• SamKnows: UK-based broadband measurement company providing QoS measurement platforms and white-label speedtest apps to telecom regulators (e.g., Ofcom in the UK). Directly competes with Specure's Open Nettest in the regulator-focused QoS measurement market.
• Plum Consulting: Telecom and spectrum consulting firm providing auction design, regulatory advice, and spectrum management services to national regulators and international bodies. Comparable to Specure's auction consulting practice in scope and target customers.
• Auctiometrix: Dutch-based spectrum auction consultancy that has co-delivered multiple auction projects with Specure as a consortium partner (Belgium series 2018-2022, Finland 26GHz 2019-2020). Provides similar auction consulting and software delivery to telecom regulators, making it the closest direct competitor and partner.
• DotEcon: UK-based economic consultancy specializing in spectrum auction design, consulting, and software for telecom regulators worldwide. Directly competes with Specure's EAS Auction Platform in the same B2G market with similar consulting and software delivery model.

Emerging players

• Measurement Lab (M-Lab): Open-source network measurement platform backed by academic and nonprofit organizations, providing QoS measurement tools that overlap with Specure's Open Nettest. Represents an open-source alternative in the regulator QoS measurement ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• GitHubgithub.com/specure
• Xx.com/SPECURE
• Facebookfacebook.com/SpecureGmbH
• LinkedInlinkedin.com/company/specure

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Specure