Ekinops Acquires Olfeo in Strategic Cybersecurity Move
Deal News | May 15, 2025 | PR Newswire Cision Ekinops
Ekinops, a prominent supplier of telecommunications solutions, has announced its acquisition of Olfeo, a French cybersecurity software provider. This strategic move enhances Ekinops' position in the Secure Access Service Edge (SASE) market. Olfeo, established in 2003 and headquartered in Paris, specializes in Security Service Edge (SSE) solutions, safeguarding enterprise information systems from cyber threats. The acquisition, which will be fully financed in cash, strengthens Ekinops' existing product offerings, particularly its SD-WAN solutions. Olfeo's technology will be instrumental in fulfilling Ekinops' strategic "Bridge" plan, aiming for leadership in high-growth markets. Olfeo's contribution is significant, with an Annual Recurring Revenue (ARR) projection of €6.3 million for 2024, and the company holds a significant presence in the European SSE and SASE sectors. The SASE market is anticipated to reach over $9 billion by 2025, with a growth trajectory of 13% annually. This merger aligns with Ekinops' goal to achieve a greater share of revenue from software and services, targeting over 30% by 2028. The acquisition is poised to close soon, pending customary approvals, and aspires to propel both companies on the European and global cybersecurity stage.
Sectors
- Cybersecurity
- Telecommunications
- Software as a Service (SaaS)
Geography
- France – Olfeo is a French company based in Paris, and Ekinops is also a French telecommunications provider operating from Paris.
- Europe – The acquisition positions Ekinops as a key player in the European cybersecurity market, and the combined entity aims to expand its influence within Europe.
Industry
- Cybersecurity – The article involves Ekinops' acquisition of Olfeo, which is a cybersecurity software provider. This consolidates Ekinops' position in the growing Secure Access Service Edge (SASE) and Security Service Edge (SSE) markets.
- Telecommunications – Ekinops is a leading telecommunications solutions provider targeting telecom operators and enterprises, making it relevant to the telecommunications industry.
- Software as a Service (SaaS) – Olfeo provides cybersecurity solutions via a subscription model, highlighting its relevance in the SaaS sector.
Financials
- €6.3 million – Olfeo's expected Annual Recurring Revenue (ARR) for 2024.
- $9 billion – Projected value of the SASE market by 2025.
- $600 million – Estimated market size of the "Unified SASE" segment by 2025.
- €29.5 million – Ekinops reported net cash position at the end of 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ekinops | Acquirer | Company | Ekinops is a European provider of telecommunications solutions, focusing on enhancing its market leadership through strategic acquisitions like Olfeo. |
| Olfeo | Target company | Company | Olfeo is a French cybersecurity software company providing Security Service Edge (SSE) solutions to protect enterprise systems from cyber threats. |
| Oscar SAS | Acquisition vehicle | Company | Oscar SAS is the holding company through which Ekinops is acquiring Olfeo. |
| Alexandre Souillé | CEO of Olfeo | Person | Founder and CEO of Olfeo, remaining committed to the merger and continuing to lead cybersecurity efforts within Ekinops. |
| Didier Brédy | Chairman and CEO of Ekinops | Person | Leads Ekinops and spearheads strategic initiatives including the acquisition of Olfeo. |