Orange Cyberdefense acquires SCRT and Telsys
Orange's cybersecurity subsidiary "Orange Cyberdefense" has acquired the two Swiss companies SCRT and Telsys. The company is thus continuing its growth strategy in IT security.
On November 8, 2022, Orange Cyberdefense, subsidiary of the telecommunications service provider Orange, acquired the Swiss companies SCRT and Telsys at 100 %. The two sister companies share headquarters in Morges, near Lausanne, and employ approximately 100 people, all cybersecurity and related services experts, who are also spread across offices in Geneva and Bern. SCRT, which says it is the leader in the cybersecurity market in western Switzerland, has been accompanying its customers for 20 years with a range of complete cybersecurity solutions for managed services, consulting, pen testing and vulnerability remediation in the event of cyber attacks. Telsys, on the other hand, specializes in the management of IT solutions.
Further development of its cybersecurity subsidiary is a strategic priority for the Orange Group, according to reports. In a market growing at more than 10 % annually, the Orange subsidiary recorded a revenue increase of 14 % in 2021, with a target of one billion euros in 2023. With the acquisition of these companies, Orange Cyberdefense expands its expertise in the field of cyber threats, as well as its unique clout in the field of ethical hacking to 200 specialists. The latest transaction forms another step in Orange Cyberdefense's ambitious strategy of organic and inorganic growth. Already in 2019, SecureLink and SecureData were acquired. With a presence in nine countries (France, Belgium, Denmark, Germany, Netherlands, Norway, Sweden, United Kingdom and now Switzerland), its more than 2700 experts and 8500 customers, Orange Cyberdefense aims to extend its European leadership in cybersecurity.
The existing management team and structures of SCRT and Telsys will retain their local autonomy to accelerate expansion plans, especially in the Swiss-German territory, in synergy with the already established Orange Business Services. With the help of the Orange Group's expertise and resources, SCRT and Telsys will be able to expand their service catalog and offer their customers an even broader range of round-the-clock SOC services or an extended range of managed benefits and services. The financial details of the transaction were not disclosed.
Source: www.orange.com
