Enea signed an agreement to acquire Qosmos.
The total consideration amounts to approximately 52.7 MEUR and will be financed through cash and bank loans. Qosmos is headquartered in Paris and is estimated to generate sales of approximately 14.2 MEUR in 2016.
Closing of the transaction is subject to approvals from French government authorities and is expected to be completed beginning December 2016.
“I am proud to announce this highly complementary acquisition, which provides a significant and attractive extension of our portfolio. The combination of our companies will benefit the joint customer base, open up new market segments, and accelerate Enea’s growth going forward while maintaining a healthy profit margin” says Anders Lidbeck, President and CEO of Enea.
Qosmos is a supplier of Network Intelligence software based on Deep Packet Inspection (”DPI”) and commands a dominating share of its market. The company’s software provides detailed real-time traffic visibility, which is a critical component for applications such as mobile traffic management, cyber security, and network analytics. More than 100 telecom networks worldwide use solutions powered by Qosmos.
”I am very happy to join forces with Enea, a larger and well-established organization with a strong reputation in our adjacent markets,” says Thibaut Bechetoille, CEO of Qosmos. “In the new virtualized networks, application awareness is key for operators to deliver new, more personalized, and more secure services to their customers. The combined entity is well positioned to deliver products and services in this significant industry transition.”
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