(Information sent by the signatory company)

Madrid, March 9, 2023.

The recent approval of Law 2/2023, (Whistleblowing Law), will force any Spanish company with more than 50 employees to establish a secure and confidential reporting system, so that any employee can report regulatory breaches. 53% of corporate fraud cases are reported by employees and 40% of fraud schemes are detected at an early stage, according to company data. The company will scale its Spanish team from 3 to 15 people in 2023

Whistleblower Software, a Nordic LegalTech company, leader in the whistleblowing sector, strengthens its operations in Spain with the opening of an office and the creation of a local team. After having successfully implemented reporting channels for companies in 80 countries, Whistleblower Software aims to help Spanish companies establish transparency and comply with the law. The company, which closed in July 2022 an initial funding round of 3 million dollars for its platform, continues with its ambitious international expansion plan in the whistleblower software market. Founded by Jakob Lilholm, Kristoffer Abell and Magnus Boye, in 2021 in Aarhus (Denmark), Whistleblower Software has developed the best SaaS whistleblowing platform* for businesses to comply with new EU whistleblowing regulations. According to which companies with more than 50 employees, whether public or private and from any sector, are obliged to implement a whistleblowing system, which keeps employees who report any irregularity safe. Operations in Spain will be directed by Álvaro Blanco as a country manager, with 15 specialized professionals in his Madrid office. "Whistleblower software's technology is already used by legal advisors, law firms, consultants, CEOs and CIOs, CISOS, IT, legal, compliance or procurement teams, and by companies of all sizes and sectors, looking to have of a solution based on the standards of the new generation of whistleblowing systems and services, available in more than 80 countries around the world, being accessible to more than 3 million employees", affirms Álvaro Blanco. "53% of the Corporate fraud cases are reported by employees and 40% of fraud schemes are detected at an early stage," notes Whistleblower software. A professional whistleblowing system should aim to create a space where employees can report fraud. reliably or anonymously any irregularities through a secure channel. According to company data, "these systems can detect 40% of fraud schemes in an organization at an early stage. In addition, employees can report 53% of fraud or irregularities in the corporate environment," says Jakob Lilholm , Founder and CEO of Whistleblower Software."Whistleblower Software values ​​privacy, and we do so by building our entire system around security and privacy. Even our software developers can't see the details of cases, thanks to our endpoint encryption to the extreme," concludes Jakob Lilholm.Whistleblower software leads the industry in terms of user experience and its application in the area of ​​corporate responsibility. The platform can be tailored to individual customer requirements, including branding, language, reporting information, and more.(*) Based on G2 Rating Platform: Best Whistleblowing Software in 2023: Compare Reviews on 60" G2

ContactContact name: Axicom for Whistleblower SoftwareContact description: Axicom for Whistleblower SoftwareContact phone: 916 61 17 37