Swedish telecoms software developer Enea has acquired AdaptiveMobile Security for 5G security.
Enea estimates that AdaptiveMobile Security will have sales of approximately €17m in 2021 and confirmed it is playing €45m as the enterprise value. AdaptiveMobile, headquartered in Dublin, supplies 80 mobile operators around the world. Enea has just released a key 5G standalone release based on the previous acquisition of OpenWave Mobility in 2018.
AdaptiveMobile Security will continue to operate under its current brand as a new business unit within Enea and will be headed by current CEO Brian Collins. The deal aims to address 5G vulnerabilities, especially in 5G signalling security within the Security Edge Protection Proxy (SEPP).
The company had raised $19m from backers including Intel Capital, and has 135 staff with development centres in Finland and Brno in Czechia. It develops 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. Messaging security prevents unwanted traffic which can be linked to security threats, service abuse, or revenue loss. The purpose of signaling security is to prevent cyberattacks exploiting signaling traffic. The offering is a combination of carrier-grade signaling firewalls, reporting, and advanced monitoring.
“I am proud to announce an acquisition that significantly strengthens our cybersecurity portfolio,” said Jan Häglund, President and CEO of Enea. “As the global 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.”
“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 Enea’s product offerings, especially in the area of 5G.” said Brian Collins, CEO of AdaptiveMobile 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.”
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