Paris (ots/PRNewswire)
- OLFEO is a French provider of SSE software (Security Service Edge) To secure internet access from cyber attacks
- Over 500 customers – Annual Recurring Revenue (ARR) of 6.3 million ꞓ in 2024
- In combination with its SD-WAN solution, Ekinops becomes a leading European provider of SASE solutions (Secure Access Service Edge) for the cybersecurity of networks and is thus in line with the Bridge strategy plan
- The takeover is fully financed in cash
EKINOPS (Euronext paris: Fr0011466069) (Euronext Paris: EKI), a leading provider of telecommunications solutions for telecommunications operators and companies, announces that he is with the shareholders of O olowoa French provider of software for cyber security in the area of Secure Service Edge (SSE) for companies, signed an agreement on the acquisition of 100 % of the company’s capital. Olfeo is a long-time partner of Ekinops and has already contributed as a technology partner to his SD-WAN solution.
This merger creates a leading European competitor on the rapidly growing markets for SSE (Security Service Edge) and SASE (Secure Access Service Edge), who now brings this outstanding French expertise for cyber security from networks at a European and international level.
Olfeo, French market leader in SSE, web security for companies
Olfeo, based in Paris, was founded in 2003 and is a provider of software for cyber security that protects the information systems of companies from cyber attacks and risks related to internet use by employees.
The solutions for web security gateways from Olfeo are sold via a subscription model and are either available as SaaS (software as a service) or “on-premise” (on site).
Olfeo is a European market leader in the SSE area (Security Service Edge) and offers a web security solution that combines several security levels (SWG, CASB, DNS, DLP, etc.) (1) to protect the IT systems of companies.
With 60 employees, half of them in the area of F&E, Olfeo secures the network and web access of more than 500 customers and partners (companies, local authorities, health facilities, service providers or infrastructure operators of the French state- operators of systemically relevant services and operators of essential services- etc.).
In 2024 Olfeo achieved a recurring turnover of 6.3 million ꞓ (Arr-Annual Recurring Revenue) at an Ebitda margin (2) of over 20 %.
Thanks to the global presence of Ekinops and its expertise in the management of critical networks
This merger opens up new growth perspectives in Europe and worldwide for the innovative solutions of OLFEO, which can now be combined with those of Ekinops.
Ekinops becomes a European market leader in the area Secure Access Service Edge (SASE) and pursues a common vision for a safe cloud
The integration of network connectivity with the challenges in the field of cyber security is now the focus of the digital transformation of companies.
Operators have an enormous need for confident network security solutions from a single source that are immediately available and combine performance, security, easy provision and regulatory compliance.
There global sase (Secure Access Service Edge) Market for the cyber security of networks will be estimated at over $ 9 billion by 2025, with an average annual growth rate of over +13 % in the coming years (3).
From 2026, Ekinops intends to position itself in the “Unified Sase” segment with a fully integrated solution that is particularly aimed at medium -sized companies (SMB and SME (small medium businesses/enterprises).
Ekinops plans to address this market in the expansion of its existing installed basis for large telecommunications providers.
This market segment of the Unified Sase will be estimated for over $ 600 million for 2025, with an average annual growth rate of over +27 % in the coming years.
Together, Ekinops and Olfeo will now meet the growing requirements of public and private organizations with regard to the security of cloud access and agile network infrastructures by providing powerful and effective technology from Europe.
A takeover in harmony with the goals of the strategy plan Bridgeto expand the management position of Ekinops in the most dynamic market segments
This transformative step is an important first stage in the implementation of the strategy plan Bridge of Ekinops with which the group wants to position itself in rapidly growing markets.
With Bridge Ekinops strives for a quick return to double -digit growth rates, with more than 30 % of the annual turnover of software & services by 2028, of which more than 50 % of them from ARR (Annual Recurring Revenue – recurring annual sales).
With OLFEO, Ekinops achieves 22 % of its sales in the area of software & services (pro-forma indication for 2024).
Modalities of the takeover
The takeover includes the acquisition of 100 % of the Olfeo capital via the holding company Oscar SAS from the founding partners, financial investors and employees.
This takeover is fully financed in cash – thanks to the syndicated credit line for external growth, which Ekinops have with its bank partners. The final conclusion of the takeover is subject to certain market conditions. The Pro-Forma balance (4) of the combined company remains very solid, with a net cash position, which is also positive after the transaction (5). As a reminder: Ekinops showed a positive net cash position of 29.5 million ꞓ at the end of 2024
The takeover is subject to the framework that is customary in the market and is expected to be completed in the coming weeks.
The Olfeo management team is fully behind the merger. In this context, Alexandre Souillé, founder and president of Olfeo, and his team will further advance the development of cyber security business within Ekinops.
“This merger with Ekinops is an excellent opportunity for olfeo to accelerate its development and at the same time remain true to its basic values: sovereignty, innovation and the proximity to the customer. Through the merger with a renowned French technology company in the field of telecommunications networks, we strengthen our offer for SSE and SASE solutions and at the same time continue our mission, internet access and cloud in compliance with the European To secure regulations “, Explains Alexandre Souillé, President and co -founder of Olfeo.
“OLFEO is a technology jewel that shares strong values with Ekinops, such as innovation and customer orientation. With this strategic merger, we want to expand our offer in the field of cyber security for networks, strengthen our position on the seed market by providing a sovereign European solution and meet new requirements in connection with the transformation of cloud use. Together we are a leading European player, international players Operators and their corporate customers can offer end-to-end solutions for connectivity and security “, says Didier Brédy, managing director of Ekinops.
Over Security Service Edge (SSE) and Secure Access Service Edge (SIX)
Security Service Edge (SSE) includes security services that protect networks from cyber threats (malware, data theft, phishing, etc.).
In contrast to conventional solutions, the protection of which is mainly geared towards the central network, the cloud-based SSE solution shifts its safety functions where the users and devices connect. This protects the network both at the company location and remote.
With SSE, companies can provide flexible new services and adapt much more easily to the requirements of their users than with a centralized solution.
An SSE solution in combination with an advanced SD-WAN forms a seed architecture (Secure Access Service Edge) that combines network and security functions.
SAS integrates SD-WAN to manage data traffic with SSE in a uniform architecture and thus ensure connectivity and security regardless of the location of the user or devices. This ensures safe access and good network performance on the EDGE.
About Olfeo
OLFEO is a French provider of solutions for web security gateways and security service Edge (SSE) for Internet access and cloud.
The olfeo solutions are sold in the SaaS model, are available in the cloud and on-premise and, by combining the SWG, CASB functions as well as DNS and DLP filtering, offer maximum protection.
OLFEO has been a French market leader in the field of internet access security for over 20 years and is used by more than 500 organization (customers and partners) that value compliance, cybersecurity and digital independence.
You can find more information at www.olfeo.com.
About Ekinops
Ekinops is a provider of open, reliable and innovative network connection solutions for service providers (telecommunications operators and companies) worldwide.
The solutions from EKinops developed with high -quality software enable the quick and flexible provision of new optical transmission services with high bandwidth and speed as well as company services, in particular through network virtualization.
The solution and service portfolio includes three excellent complementary brands:
- Ekinops 360 for the requirements of optical transmission networks in metropolitan areas, regions and over large distances based on WDM technology for simple, compact and integrated architecture;
- OneAccess to offer a large selection of physical and virtualized provision options for language and data transmission;
- Compose to define networks using a variety of management tools and services via software, including the scalable SD-WAN XPress solution and the EDGE-to-cloud solutions from SIXSQ.
Since service providers are increasingly sdn- (Software Defined Networking) and NFV models (Network Functions Virtualization) Use, Ekinop’s solutions enable you to seamless migration to open and virtualized architectures.
Ekinops is a global company and listed on Euronext in Paris.
Name: Ekinops
ISIN-Code: FR0011466069
Tickersymbol: eki
Number of shares that compose the share capital: 27.034.997
You can find more information at www.ekinops.com.
1. SWG: Secure Web Gateway (Safe web gateway)
CASB: Cloud Access Security Broker (Safety instance for cloud access)
DNS: Domain Name System
DLP: Data Loss Prevention (Prevention of data loss)
2. The EBITDA (Earning Before Interest, Taxes, Depreciation, and Amortization) corresponds to the ongoing operating result, adjusted by (i) allocations and resolutions of depreciation and provisions as well as (II) expenses and income in connection with stock -based remuneration.
3. Those: of the gold group
4. Based on the annual financial statements of the companies on December 31, 2024 5. Netto-Cash = means of payment and payment of payment minus minus liabilities (without bank liabilities in connection with the pre-financing of the French F & e-tax credit (CIR) and IFRS-16 leasing liabilities).
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