Ekinops Strengthens Position in Cybersecurity Sector
EKINOPS (Euronext Paris: FR0011466069) has successfully completed the acquisition of Olfeo, marking a significant step towards establishing itself as a key player in the network cybersecurity landscape. This acquisition allows Ekinops to expand its offerings into the fast-evolving Security Service Edge (SSE) space, leveraging French expertise to secure its spot on the European and global stages.
The Acquisition Journey and Strategic Goals
On May 30, Ekinops finalized the transaction through its holding company, Oscar SAS, purchasing 100% of Olfeo's capital from various stakeholders, including founding shareholders and employee investors. This acquisition was entirely financed through cash, emphasizing Ekinops' commitment to growth and innovation in the cybersecurity domain.
Under this new arrangement, Olfeo's management team—including its founder and CEO, Alexandre Souillé—will continue to spearhead the cybersecurity initiatives within Ekinops. This transition marks the integration of Olfeo into Ekinops' accounts effective June 1.
A Closer Look at Olfeo
Founded in 2003, Olfeo has carved out a niche in the cybersecurity software market focusing on SSE and enterprise web security. The company is dedicated to protecting business IT systems against cyber threats and harmful internet usage by employees. Offering both SaaS and on-premises solutions, Olfeo’s web security gateway is known for its robust protective measures.
Employing a talented team of 60, roughly half of whom work in research and development, Olfeo has solidified its position as a leader in SSE. Their services are trusted by over 500 clients, spanning businesses, local governments, healthcare providers, and more. In 2024, Olfeo reported a recurring revenue of €6.3 million, with an impressive EBITDA margin exceeding 20%.
Ekinops’ Vision in the Cybersecurity Market
The digital transformation of businesses hinges on the integration of network and cybersecurity solutions. As companies increasingly seek unified platform solutions, the demand for sovereign and reliable network cybersecurity offerings intensifies.
The market for SASE in cybersecurity is projected to surpass $9 billion by 2025, with substantial growth anticipated over the coming years. Ekinops plans to target the "Unified SASE" segment, focusing on developing integrated solutions tailored for small and medium businesses. This segment alone is expected to grow to over $600 million by 2025, driven by an average annual growth rate exceeding 27%.
Future-Ready Solutions with Ekinops and Olfeo
By combining forces, Ekinops and Olfeo are well-positioned to cater to the increasing demand for secure and agile cloud access strategies. Together, they aim to deliver high-performance solutions characterized by compliance, ease of deployment, and necessary security measures.
This acquisition not only reiterates Ekinops' dedication to expanding its capabilities but also reinforces its intent to support organizations in navigating cybersecurity challenges effectively.
Frequently Asked Questions
What is the significance of Ekinops acquiring Olfeo?
This acquisition positions Ekinops as a leader in the growing network cybersecurity sector and strengthens its offerings in SSE.
When did Ekinops complete the acquisition of Olfeo?
The acquisition was finalized on May 30, 2025, with effective integration on June 1, 2025.
How does Olfeo contribute to Ekinops' business?
Olfeo enhances Ekinops' cybersecurity capabilities, offering advanced web security solutions essential for protection against cyber threats.
What services does Olfeo provide?
Olfeo offers cybersecurity software for enterprises, specifically focusing on SSE, including web security gateways available as SaaS and on-premises solutions.
What are the potential market implications of this acquisition?
This merger is expected to leverage Ekinops' existing customer base and provide tailored solutions, driving growth in the SASE market, projected to exceed $9 billion by 2025.
