French telecommunications firm Orange has announced 100% acquisition of SecureData Group, as well as its consulting subsidiary SensePost. Orange said that the UK-based firm is the biggest independent cybersecurity service provider in Europe’s largest market UK. The buyout is a strategic move on the part of Orange to establish its position as a prominent player in the European cybersecurity market.
SecureData Group has been in the industry for 25 years now, offering integrated cyber solutions specially designed and planned to measure risks, identify threats, protect the IT assets of customers, and respond to cyber breach incidents. Besides, SensePost, the groups consulting arm has a healthy worldwide reputation for its expertise in cyber-criminality, penetration testing, and security research.
Orange stated that SecureData registered an annual revenue of circa EUR50 MN last year, and enjoyed steady growth rates of nearly 20% since 2016. The additional technical cooperation of the consulting arm will aid Orange in strengthening its strategic position in cyber defense by offering a novel source of expertise and cutting-edge technology.
In UK, SecureData also runs an advanced cyber-Security Operations Center that will empower the Orange Cyberdefense’s international foothold by building upon the prevailing network of nine cyber-SOCs which are keeping an eye on the security breaches on behalf of its customers and are responding to the same.
According to Orange, the acquisition, and mainly SecureData’s operations in South Africa will reinforce its continental offering, backing the firm’s already recognized Morocco Cyberdefense office. In November last year, Orange opened Cyberdefense operations centre in Casablanca, the latest to enter its existing list of centres in Mauritius and Egypt in Africa, others in Canada, the US, India, Singapore and Malaysia, globally.
In this digital age, companies are increasingly investing in a data protection software to keep their business-processing breach-proof. The constant evolutions and power in data security risks continue to induce a paradigm shift towards the trend of bringing together all universal solutions. A recent report envisaged 14.1% CAGR for revenues from sales of data protection software in SMEs by 2028. It opined that investment in data security has gained prominence, especially among decentralized and mid-market companies.
Sneha Varghese is an experienced food & beverage consultant. She covers the latest trends and analysis impacting the food & beverages industry, informing and educating audiences through her writing.