THANK YOU FOR SUBSCRIBING
Enterprise Security Magazine | Monday, July 26, 2021
Enea has signed an agreement to take over Adaptive Mobile Security, the top mobile network security solutions provider.
FREMONT, CA: Enea has agreed to acquire Adaptive Mobile Security Ltd, a prominent provider of mobile network security solutions. On cash and debt-free basis, the enterprise value of Adaptive Mobile Security is around EUR 45 million. Adaptive Mobile Security is expected to generate revenues of around EUR 17 million in 2021, with an EBIT margin in 2022 near Enea's operating margin target. The project is planned to be completed in July 2021.
Adaptive Mobile Security develops software and services for mobile core network messaging and signaling security. The organization's products secure mobile networks, subscribers, and data against all forms of network-based threats. Unwanted traffic, connected to security issues, service abuse, or revenue loss, is prevented through messaging security. The goal of signaling security is to discourage cyberattacks from taking advantage of signaling traffic. The service combines carrier-grade signaling firewalls, reporting, and complex monitoring.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
More than 80 mobile operators around the world have used Adaptive Mobile Security's products and services. Mobile operators and communication platform providers are the two primary customer categories. The solutions are offered as software licenses, managed services, or cloud services, and more than half of its revenue is recurring.
"I am proud to announce an acquisition that significantly strengthens our cybersecurity portfolio," says Jan H¤glund, President and CEO of Enea. "As the global leader in mobile network security, Adaptive Mobile Security expands our market presence and broadens our offering to operators, creating interesting opportunities in areas such as 5G security."
"We are thrilled to become part of Enea, a well-respected leader in the telecommunications and security markets. We are aligned on market strategy and can leverage product synergies that will drive market and customer penetration. Our unique offering of security products will enhance Eneas product offerings, especially in the area of 5G," says Brian Collins, CEO of Adaptive Mobile Security. "It is critical to protect mobile networks against an ever-increasing threat landscape to maintain the integrity of national and international communications. Together with Enea, we can now serve a wider range of customers and offer an unrivalled combination of networking and security expertise."
More in News