Enea has signed an agreement to acquire AdaptiveMobile Security, a provider of security solutions for mobile networks, for EUR 45 million in cash.
Intel Capital and Doughty Hanson are majority shareholders of AdaptiveMobile Security. It has 135 employees
AdaptiveMobile Security has headquarters in Dublin, Ireland with regional offices in Dallas, Brno, Dubai, and Hyderabad.
Enea estimates that AdaptiveMobile Security will have sales of approximately EUR 17 million for the full year 2021, with an EBIT margin in 2022 that will be close to Enea’s operating margin target. Closing is expected in July 2021.
AdaptiveMobile Security delivers software and services for messaging and signaling security in mobile core networks. The company’s products protect mobile networks, their subscribers, and their data from all types of network-borne attacks.
AdaptiveMobile Security’s products and services have been deployed by more than 80 mobile operators globally. The two main customer segments are mobile operators and providers of communication platforms. More than half of its revenue is recurring, and the solutions are sold as software licenses, managed services, or cloud services.
Jan Haglund, President and CEO of Enea, said: “As the leader in mobile network security, AdaptiveMobile Security expands our market presence and broadens our offering to operators, creating interesting opportunities in areas such as 5G security.”
AdaptiveMobile Security will continue to operate under its current brand as a new business unit within Enea and will be headed by Brian Collins.