Orange Acquires 100% Stake in SecureData Group
01 Febrero 2019 - 2:27AM
Noticias Dow Jones
By Patrick Costello
Orange (ORA.FR) said Friday that it is acquiring a 100% stake in
the U.K.-based cybersecurity service provider SecureData Group for
an undisclosed sum as part of a wider effort to establish itself as
a leading player in the European cybersecurity market.
The French telecoms provider said the acquisition of
SecureData--the largest independent cybersecurity service provider
in the U.K.--will help Orange increase its international reach and
expertise in cybersecurity.
Orange is also acquiring SecureData's cyber-security consulting
subsidiary Sense Post as part of the transaction.
SecureData provides cyber solutions designed to assess risks,
detect threats, protect IT assets and respond to security
incidents, Orange said.
SecureData's revenues in 2018 amounted to roughly 50 million
euros, with the company recording "consistent" growth rates of
approximately 20% since 2016, Orange said.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
February 01, 2019 03:12 ET (08:12 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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