Deal comes as Orange reported 30 percent revenue growth for its cybersecurity offering in Q1
French telecommunications heavyweight Orange has bought its second cybersecurity company in twelve weeks, agreeing to pay private equity fund Investcorp €515 million for Dutch security services provider SecureLink and its 660-strong team.
The deal follows Orange’s February buyout of the UK’s SecureData.
It is Europe’s largest cybersecurity services deal to-date, Investcorp noted.
The acquisition, announced late Tuesday, “greatly accelerates Orange’s strategy to become a pan-European leader in cybersecurity services” Orange said, adding that it expects the deal to close by Q3 of this year.
SecureLink’s offering includes specialised security consulting, security maintenance and support with 24/7 service desks as well as advanced managed detection and response capabilities, Orange said, announcing the deal.