French multinational telco Orange is coughing up more than half a billion euros to demonstrate its ambitions to become a European leader in cybersecurity services.
The company announced this morning that it is acquiring 100% of The Netherlands-based SecureLink for €515 million, a little more than twice the latter's revenue total in 2018, from investment firm Investcorp.
SecureLink is among the largest independent cybersecurity services providers in Europe, with a strong presence in the Nordic, Belgian, Dutch, German and UK markets.
Founded in 2003, the acquired company provides more than 2,000 clients with a variety of cybersecurity services, including consulting, security maintenance and support with 24/7 service desks, and resells a range of security software and hardware solutions.
Earlier this year, Orange acquired independent UK cyber security services provider SecureData - and its consulting subsidiary SensePost - for an undisclosed sum.
As usual, the transaction is subject to customary closing conditions and is expected to complete in late Q2 or in Q3 2019, but it will likely be talked about quite a bit at next week's Vivatech conference in Paris.