Hugues Foulon, Executive Director of Cybersecurity at Orange

Orange is all set to acquire the European independent cybersecurity provider, SecureLink on a €515m Enterprise Value basis. Orange has entered into an agreement with Investcorp for 100% acquisition of SecureLink.

The recent acquisitions of SecureLink and SecureData along with its Orange’s Cyberdefence platform aims to propel Orange’s standing in the European cybersecurity ecosystem. The combined capabilities of both the companies, i.e. Orange and SecureLink, is expected to address the ever-growing complexity of the security needs of customers globally. It will also assist in delivering and expanding their presence across Orange’s 3000 multinational enterprises.

Thomas Fetten, Chief Executive Officer at SecureLink, commented “We have been very impressed by the ambition and successful development of Orange Cyberdefense over the past few years, and are very excited to build a pan-European leader of cybersecurity together. Orange Cyberdefense, SecureData and SecureLink are highly complementary and share a common vision for the sector, and the combined organisation will be in a phenomenal position to address the needs of our customers, partners and employees.”

Founded in 2003 and based in the Netherlands, SecureLink provides a range of cybersecurity services including specialised security consulting, security maintenance and support with 24/7 service desks (SOCs) as well as advanced managed detection and response capabilities (MDR).

“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 defense specialist.” said Hugues Foulon, Executive Director of Cybersecurity at Orange.

“I am looking forward to building the integrated organisation with Michel [Van Den Berghe, CEO of Orange Cyberdefense], Thomas Fetten and all the teams”, he added.

The transaction is expected to be completed in the late Q2 or in Q3 2019.

by Megha Bhattacharya
Market Analyst at IBS Intelligence