Enea is acquiring privately-held Irish cybersecurity firm AdaptiveMobile Security, a vendor of security solutions for mobile networks, for EUR45 million on a cash and debt free basis.
AdaptiveMobile Security, which recently announced a new holistic cybersecurity offering for 5G networks, is a vendor of software and services that protect mobile networks, their subscribers, and their data from a wide variety of network-borne attacks. Their messaging security products mitigate risks from unwanted traffic linked to security threats, service abuse or revenue loss, while their signaling solution – a combination of carrier-grade signaling firewalls, reporting and advanced monitoring – helps network operators secure their signaling traffic.
“I am proud to announce an acquisition that significantly strengthens our cybersecurity portfolio. AdaptiveMobile Security expands our market presence and broadens our offering to operators, creating interesting opportunities in areas such as 5G security.”
Founded in 2006, AdaptiveMobile Security is headquartered in Dublin with regional offices in Dallas, Brno, Dubai and Hyderabad. A private company, it is majority-owned by Intel Capital and Doughty Hanson & Co. Its products and services have been deployed by more than 80 operators worldwide, with its target customers being mobile operators and providers of communication platforms. It is expected to have sales of approximately EUR17 million in 2021, and more than half its revenues are recurring on a licensed, managed service or SaaS basis. The company will continue to operate under its current brand as a business unit of Enea and will be headed by current CEO Brian Collins.
Collins said his company were “thrilled” to become part of Enea. “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 Enea’s product offerings, especially in the area of 5G.” he said.