Ekinops Acquires Olfeo to Strengthen Cybersecurity Offering
Deal News | May 15, 2025 | PR Newswire Cision Ekinops
Ekinops, a prominent provider of telecommunications solutions, has announced the acquisition of Olfeo, a French software company specializing in cybersecurity, particularly in Security Service Edge (SSE) solutions for businesses. The deal, financed entirely in cash, is in alignment with Ekinops' strategic 'Bridge' plan to strengthen its foothold in burgeoning market segments such as Secure Access Service Edge (SASE) and SSE. Olfeo, known for its innovative cybersecurity solutions, will enhance Ekinops' SD-WAN capabilities, making the combined entity a leading player in the European and global markets. Olfeo's software protects over 500 clients, boasting an Annual Recurring Revenue (ARR) of 6.3 million euros for 2024. The acquisition is expected to close pending customary conditions, with Ekinops maintaining a positive net cash position thereafter.
Sectors
- Cybersecurity
- Telecommunications
Geography
- France – Both Ekinops and Olfeo are based in France, and the article discusses their activities and strategic importance in the French market.
- Europe – The combined entity aims to expand its reach across European markets with enhanced offerings in cybersecurity.
Industry
- Cybersecurity – The article discusses the acquisition of a cybersecurity company, Olfeo, by Ekinops to enhance its cybersecurity offerings.
- Telecommunications – Ekinops is identified as a provider of telecommunications solutions, aiming to integrate Olfeo’s cybersecurity technology into their services.
Financials
- 6.3 million euros – Annual Recurring Revenue (ARR) of Olfeo for 2024.
- 29.5 million euros – Ekinops' positive net cash position at the end of 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ekinops | Bidding Company/Buyer | Company | A telecom solutions provider acquiring Olfeo to expand its capabilities in cybersecurity. |
| Olfeo | Target Company | Company | A French provider of cybersecurity solutions, specializing in Security Service Edge. |
| Oscar SAS | Selling Company | Company | Holding entity from which Ekinops acquires Olfeo. |
| Didier Brédy | CEO of Ekinops | Person | Key spokesperson discussing the strategic benefits of the acquisition. |
| Alexandre Souillé | President and Co-founder of Olfeo | Person | Leader expressing support for the acquisition and its strategic alignment. |