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ATA - RETRO event in Korça/A collection of old cars, an attraction of tourists
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ATA - Exports to Spain increased 42% in July this year
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NNA - لبنان ثالثا في بطولة غرب آسيا لكرة الطاولة
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Lusa - Business News - Portugal: Ryanair 'must observe labour, strike law' during stoppage - government
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Lusa - Business News - Mozambique: Government invites Ematum bondholders to accept debt restructuring
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Lusa - Business News - Portugal: PSI20 closes Friday down 1.33%
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CNA - اطلاق موقع الكتروني للأعمال الفنية المفقودة منذ الغزو التركي 1974
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
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Lusa - Business News - Macau: GDP declines 2.5% in H1, 2019
Macau, China, Aug. 23, 2019 (Lusa) - The Macau government admitted on Friday that the territory's economy may continue to...
CNA - السلطات القبرصية تؤكد ظهور حالة أخرى من فيروس غرب النيل وأخرى قيد التحقق
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قالت اليزابيث قسطنتينو المسؤولة الكبيرة في وزارة الصحة أنه لا يزال هناك أربعة أشخاص يتلقون العلاج في قبرص بسبب فيروس...
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صرح وزير الداخلية قسطنطين بيتريدس أنه سيتم توزيع 4.7 مليون يورو على 103 بلدية وإدارة محلية في جميع أنحاء قبرص...
Lusa - Business News - East Timor: Veteran journalists call on new generation to work for development
Dili, Aug. 23, 2019 (Lusa) – Two East Timor journalists who 20 years ago played a role in the process...
Lusa - Business News - East Timor: Veteran journalists call on new generation to work for development
Dili, Aug. 23, 2019 (Lusa) – Two East Timor journalists who 20 years ago played a role in the process...
Lusa - Business News - Mozambique: US bank to provide €4.5B for natural gas projects
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Lisbon, Aug. 23, 2019 (Lusa) – The Lisbon stock exchange opened in positive territory on Monday with the main benchmark...
Lusa - Business News - Portugal: Top headlines on Friday
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Lusa - Business News - Portugal: Sonae IM takes majority in Luxembourg cybersecurity provider Excellium




Lisbon, Jan. 10 (Lusa) – Portugal’s Sonae Investment Management (Sonae IM) on Thursday announced the purchase of a majority stake in Excellium, a Luxembourg-based leader in cybersecurity services with a presence in Belgium.
According to Sonae IM, a unit of Sonae that focusses on investment in technology, its new subsidiary has more than 100 expert staff who provide professional and managed services through its proprietary cybersecurity management solution SOC Eyeguard.
"The company has a customer base that includes the most renowned financial institutions, government entities and other economic groups with activity in Benelux," said Sonae IM in a statement.
With this acquisition, the price for which was not disclosed, "Excellium and S21sec – a company already in the portfolio of Sonae IM, a leader and pioneer at the Iberian level in cybersecurity services, with a major presence in Latin America - reinforce their portfolio of services and technologies, giving customers access to a still more complete, innovative and integrated offer of cybersecurity solutions," the company said.
It described the purchase as "particularly important" at a time when cybercrime has been growing exponentially, since it "increases the capacity for innovation of both companies for the provision of highly specialised services in combating these threats."
The Europe-wide scale of the two companies, "with a presence in several countries, will enable them to address the growing demand of all organisations and, more specifically, the needs of large enterprises in the European market, ensuring an agile and rapid response from highly specialised teams, working close to the customer," it said.
Given "the current fragmentation of the cybersecurity market”, it added, the move “positions Excellium and S21sec as one of the independent European leaders of managed security services, with more than 500 professionals and with the capacity to accelerate its growth plan."
The statement quoted Carlos Alberto Silva, managing director of Sonae IM, as saying that Excellium “represents our gateway to the high added value markets” of Europe’s most developed economies.
"Following the acquisition in 2016 of Sysvalue, in Portugal, and the merger of S21sec with Nextel in Spain, during 2018, this transaction reinforces our commitment to the consolidation of the sector,” he stressed. “In addition, this is a major milestone in our trajectory, as our tenth investment in cybersecurity since 2014."
Christophe Bianco, managing partner at Excellium, said that "in Sonae IM, Excellium has found not only a financial investor, but also a partner with knowledge of the sector and which has distinctive assets in the field of cybersecurity." This, he went on, “gives us the possibility of writing a new chapter in the development of the company.”
Sonae IM currently has more than 20 major stakes in companies with high-tech potential or in development phases ranging from startup to growth phases.
It has also invested as a limited partner in three funds managed by Armilar Venture Partners that has stakes in 22 companies, including Outsystems and Feedzai.
Excellium was founded five years ago in Luxembourg and currently has a commercial presence in six other countries (Belgium, France, Morocco, Tunisia, Senegal and Ivory Coast), working for more than 140 customers.

ALU/ARO // ARO.
Lusa


Agency : LUSA

Date : 2019-01-11 08:51:41







 

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