May 7, 2019

Orange steps up cyber security push with SecureLink deal

Orange has made its biggest move into the cyber security market after acquiring Belgian technology company SecureLink in a deal that values the company at €515m including debt. It issued a convertible bond on the Oslo stock exchange in February to raise €150m. It is Orange's largest acquisition since it acquired some Airtel assets in west Africa in 2016 and the second significant cyber security acquisition that Orange has made this year. The French company has identified cyber security and banking as new growth areas for its traditional telecoms business. Orange said its cyber businesses, including its own Orange Cyberdefence whose sales grew 12 per cent last year and the acquired companies, now employ 1,800 people across Europe's largest markets and would have had pro forma revenue of €600m last year. Hugues Foulon, executive director of cyber security at Orange, said the deal would transform the telecoms company into the "Go-to defence specialist" due its size and the geographic spread of the acquired businesses.

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