By Ramone Param, Director, Equiteq
- Industry deals profiled include Orange’s acquisition of SecureData, Point B’s acquisition of Independence Consulting and Blackstone’s investment in Lionpoint Group.
- The Equiteq Knowledge Economy Share Price Index experienced rises over the month.
Orange broadens its cyber security capabilities in the UK with its acquisition of SecureData
Target: SecureData is the largest independent cyber security provider in the UK with additional operations in South Africa.
Buyer: Orange is a France-headquartered provider of a range of telecommunications, data transmission and related services.
Demand for cybersecurity solutions is growing as technology plays a greater role in critical business functions across industries. According to data from ResearchAndMarkets.com, Europe’s cybersecurity market is anticipated to grow at a CAGR of 11.3% and will be worth $47.2bn by 2023.
Orange acquires strong capabilities in this growing industry, particularly within cyber-criminality, security research and penetration testing. The acquisition extends Orange Cyberdefense’s existing operations in France and Belgium into the UK and South Africa. The acquisition follows Orange Business Services’ purchase of data and digital services specialist Business & Decision. These deals form part of the buyer’s strategy to become a global player in digital transformation and a leader across data services.Continue reading