(PRESS RELEASE) PARIS, 1-Feb-2019 — /EuropaWire/ — Major milestone in the development of Europe’s cybersecurity market has been reached with the acquisition of SecureData Group by Orange. The deal is for 100% of SecureData Group, and its consulting subsidiary SensePost.
SecureData is based in UK and 25-year track record of providing integrated cyber solutions designed to assess risks, detect threats, protect customer’s IT assets and respond to security incidents. The company is indeed UK’s largest independent cybersecurity service provider while UK, itself, is the largest cybersecurity market in Europe. According to SecureData they are also one of Europe’s largest independent security service providers.
SecureData’s elite consulting arm, SensePost, has deep expertise in and global reputation for cyber-criminality, security research and penetration testing.
SecureData Europe Ltd reported for roughly 50 million euros revenue in 2018 while its growth rate stands at 20% since 2016.
The firm has more than 200 employees in the UK and South Africa and is well-positioned on the strategically-key British and Anglophone cybersecurity market. Orange’s acquisition of the company represents an improved access to this crucial market, particularly in Europe.
SecureData will bring new source of expertise and innovative technology to help Orange reinforce its strategic position in cyberdefense.
In addition, SecureData boasts an advanced cyber-SOC (Security Operations Center) in the UK that will reinforce Orange Cyberdefense’s international reach by building upon the existing network of nine cyber-SOCs dedicated to monitoring and responding to security breaches on behalf of its customers.
By working alongside Orange Cyberdefense’s existing operations in France and Belgium, SecureData will ensure its continued development by leveraging access to Orange Business Services’ existing sales force and its customer base of over 3000 multinational companies. SecureData will also benefit from the carrier-grade CERT and threat intelligence team.
The planned organisation, post acquisition, is designed to ensure continuity of SecureData’s commercial and operational autonomy.
Ian Brown, Executive Chairman at SecureData:
“We are both thrilled and excited to be joining the Orange Cyberdefense family. Both organisations share the same vision and aspiration for the cybersecurity market, and have many complementary services and skills. By being part of Orange we will be able to better serve the international needs of many of our existing customers as well as providing enhanced cyber services to Orange customers with the UK”.
Hugues Foulon, Executive Director of Strategy and Cybersecurity activities at Orange:
“We are very proud and happy to announce the acquisition of SecureData, which will mark a major milestone in Orange’s development in Europe’s cybersecurity market. SecureData, just like Orange Cyberdefense, has successfully made the transition toward Managed Security Services, and shares the same passion for Cyber. We will progressively co-build together the operational and commercial synergies, with the patronage and experience of Michel Van Den Berghe, CEO of Orange Cyberdefense. Cybersecurity has become a critical element for both large and small companies as they evolve in an increasing digital-reliant world. We are convinced that the combined expertise of Orange Cyberdefense and SecureData will provide a powerful resource for our customers in ensuring the protection of their valuable data.”
The amount SecureData Group was bought for isn’t disclosed.
SecureData (SecureData Europe Ltd), itself, had acquired SensePost back in 2014 (Jan 13, 2014). The acquisition amount has not been disclosed.
According to sources online SecureData has been acquired by August Equity in a management buyout deal on Jul 3, 2012.
SOURCE: Orange
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