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Orange steps up security with SecureLink
Posted on Wednesday, 08 May 2019 12:19
Telecommunications company Orange is acquiring Dutch independent cybersecurity services provider SecureLink for EUR 515.00 million.
The transaction remains subject to the usual closing conditions and is expected to complete late in the second or third quarter of 2019.
Established in 2003, Netherlands-based SecureLink provides a range of cybersecurity services for clients, including specialised security consulting, security maintenance and support for service desks, as well as advanced managed detection and response capabilities.
The target has more than 660 employees across 14 offices and serves the energy, financial and legal industries, among others, while it has a presence within the Nordic, Belgian, Dutch, German and UK markets.
For the nine months ended 30th September 2018, the group posted revenue of EUR 169.81 million, up from EUR 169.16 million in the corresponding period of 2017.
Through the purchase, Orange will become one of the leading players in the European cybersecurity sector, with a total of 1,800 employees.
Hugues Foulon, executive director of cybersecurity for the acquiror, said: “With the acquisition of SecureData and SecureLink, Orange has the highest scale to anticipate and fend off attacks, as well as local defence teams in all the main European markets, positioning the combined organisation as the go-to defence specialist.”
The buyer has already completed one acquisition this year, having picked up UK-based SecureData Group and its consulting subsidiary SensePost for an undisclosed sum back in February.
With the purchase of SecureLink, Orange accelerates its strategy of becoming a pan-European leader in cybersecurity services.
Headquartered in Paris, the acquiror is billed as one of the largest operators of mobile and internet services in Europe and Africa.
Orange serves 264.00 million customers worldwide and generated revenue of EUR 41.38 billion for the financial year ended 31st December 2018, up from EUR 40.86 billion in the preceding 12 months.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 720 deals targeting custom computer programming services operators announced worldwide since the beginning of 2019.
In the largest of these, Thomas Bravo, through its acquisition vehicle Project Buccaneer Purchaser, bought US-based ConnectWise for USD 1.50 billion.
© Zephus Ltd