The Orange subsidiary, Orange Cyberdefense, has purchased all of the shares of SCRT and Telsys, two Swiss businesses. These two sister companies, which have operations in Geneva and Bern, together with a joint headquarters in Morges, near Lausanne, employ over 100 professionals with expertise in cybersecurity and related services.
The growth of Orange Cyberdefense is a strategic goal for the Orange Group as it seeks to position itself as a top European cybersecurity business. The purchases, according to Orange, would strengthen the group’s cyberdefense business, which intends to generate 1 billion euros in revenue next year. The financial terms of this deal have not been disclosed.
Currently, Orange Cyberdefense operates in nine countries, including France, Belgium, Denmark, Germany, the Netherlands, Norway, Sweden, the United Kingdom and Switzerland.
With the acquisition of SCRT and Telsys, Orange Cyberdefense is now able to provide around-the-clock local assistance to Swiss organizations. Orange said that this agreement will increase its European experience in ethical hacking and cyber threat intelligence. Orange also stated that it intends to keep SCRT and Telsys’ management and employees on board, since it views them as essential in bolstering and accelerating its expansion goals.
Hugues Foulon, CEO of Orange Cyberdefense, commented: “We are delighted with this acquisition and happy to welcome these new teams as they will strengthen all of our capabilities. This is another step forward in our goal to establish ourselves as the European leader in cybersecurity. We are accelerating into the seventh cybersecurity market in Europe and thus consolidating the position of the Orange Group in the Swiss market.”
Eric Delangle, Chairman of SCRT and Telsys, added: “This operation will enable us to pursue our leadership project in Switzerland by relying on the size of Orange Cyberdefense, its portfolio of services and its operational model to better serve our national customers.”