SecureLink which has been aggressively acquiring other companies has been sold to Orange for €515 million.
The outfit had increased its annual revenues to nearly €250 million using European acquisitions and collected UK-based Nebulas and Nordic outfit Coresec among its scalps.
Orange said the deal would make it a “European cybersecurity leader” as it seeks to sell more cybersecurity services into its 3,000-strong base of Orange Business Services customers. It recently bought the UK based MSSP SecureData.
Orange claims its European cybersecurity business has 1,800 staff and €600 million in pro-forma revenues. This hands it the “highest scale” to fend off today’s global and complex cyberthreats, Orange claimed, explaining that it already ran a €300 million revenue French cybersecurity business under the Orange Cyberdefense banner.
After it was acquired by private equity firm Investcorp in 2015, SecureLink aggressively expanded through acquisition and organic growth.
According to Orange, SecureLink offers the full gamut of cybersecurity services, from consulting, SOC and managed detection and response, as well as security software and hardware. It has over 660 staff, 14 offices and 2,100 customers, turning over €248 million in 2018.
SecureLink’s management team, including Fetten, will join the global leadership team and help with the integration after the transaction’s scheduled closure second or third quarter.
Hugues Foulon, executive director of Cybersecurity at Orange said: “Cybersecurity is a growing priority for companies of all sizes, and we believe the two most important success factors are Scale and Proximity.”
“Scale because today’s threats are global, complex, and require matching protection capabilities. Proximity because in the global IT world, you want a trusted local partner to secure your most strategic assets. With the acquisition of SecureData and SecureLink, Orange has the highest scale to anticipate and fend off attacks, as well as local defense teams in all the main European markets, positioning the combined organisation as the go-to defence specialist.”
