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Orange takes over SecureLink. Based on the company’s competences and the previously acquired SecuraData company, the group wants to build its position on the cybersecurity market.
Orange and SecureLink join forces
On 7 May this year, the Orange Group announced the signing of a transaction to acquire 100% of shares in the Belgian company SecureLink – an independent provider of cybersecurity solutions in Europe. The transaction, valued at $515m, is expected to close at the turn of Q2 and Q3 2019.
Market experience since 2003
SecureLink is a company established in 2003. Currently it operates in eight European countries – Benelux, Scandinavia, Germany and the United Kingdom. SecureLink offers services such as security consultancy, security maintenance, 24/7 support with service desks and the ability to manage detection and response (MDR). The company employs more than 600 people globally in 14 offices. In 2018 SecureLink generated €248m in revenue. In February 2019, the company received €150m from the issue of bonds convertible into shares.
Orange builds competences in the cybersecurity market
The acquisition of SecureLink will allow Orange to build competence in cyber security services and become one of the European leaders in this field. The company’s target is to employ about 1,800 people from the industry, and its annual revenues from this activity are estimated at about €600m. The purchase of SecureLink is the second acquisition of a cyber security company by Orange this year. In February, the French telecom group bought SecuraData, a British company. The transaction price was not disclosed.