Ekinops Expands Cybersecurity Solutions with Olfeo Acquisition, Aiming for Market Leadership

Ekinops Strengthens Its Cybersecurity Portfolio Through Olfeo Acquisition



Ekinops, a prominent telecommunications solutions provider based in Paris, has announced its strategic acquisition of Olfeo, a dedicated cybersecurity software company specializing in Security Service Edge (SSE) technologies. This acquisition marks a significant step for Ekinops in reinforcing its service offerings in the cybersecurity landscape, making it one of the leading firms in the European market for Secure Access Service Edge (SASE) solutions.

Overview of the Acquisition


On May 15, 2025, Ekinops confirmed that it had signed an agreement to fully acquire Olfeo's share capital. This move comes as part of Ekinops' broader strategic vision to enhance its product portfolio while driving growth in high-demand sectors such as cybersecurity. Ekinops believes the combination of its established telecommunications services and Olfeo's innovative cybersecurity solutions creates a formidable player in the burgeoning SSE and SASE markets.

Founded in 2003, Olfeo is recognized for its effective web security solutions designed to shield various businesses from cyberattacks and ensure compliance with European regulatory standards. With a robust customer base of over 500 companies, including public institutions and private enterprises, Olfeo has generated approximately €6.3 million in annual recurring revenue in 2024.

Strategic Vision and Market Growth


Ekinops' Bridge strategic plan outlines the company's ambition to achieve significant growth through acquisitions and enhance its service offerings in the software sector. The plan aims for more than 30% of Ekinops' annual revenue to come from Software Services by 2028, with particular emphasis on cybersecurity solutions. The partnership with Olfeo is expected to propel this goal forward as Ekinops aims to deepen its foothold in the SASE market, which is estimated to surpass $9 billion by 2025 with an annual growth rate of 13%.

By integrating Olfeo’s SSE offerings, Ekinops intends to roll out a unified SASE solution specifically tailored for mid-sized enterprises, a segment that is projected to grow significantly in the coming years. The total market for Unified SASE solutions is anticipated to exceed $600 million by 2025, reflecting over 27% growth annually.

Financial Aspects of the Deal


The acquisition is entirely financed using Ekinops’ cash reserves and a syndicated credit line dedicated to external growth. Following the transaction, Ekinops is expected to maintain a strong financial position with a positive net cash balance, ensuring the company can continue making strategic investments in its growth.

Olfeo's management will remain actively involved in driving the cybersecurity segment, with CEO Alexandre Souillé emphasizing the benefits of this partnership. He stated, “This alliance with Ekinops presents a unique opportunity for us to accelerate development while adhering to our founding values of sovereignty and customer-centricity.”

Didier Brédy, Chairman and CEO of Ekinops, echoed this sentiment by noting that the merger will enhance their offerings and strengthen their competitive position in the cybersecurity market.

Benefits of Combined Expertise


The union between Ekinops and Olfeo comes at a crucial time, as companies face increasing challenges related to cybersecurity threats and the complexities of digital transformation. By combining Ekinops' telecommunications expertise with Olfeo's cybersecurity solutions, the merged entity aims to provide comprehensive, high-performance, and regulatory-compliant solutions for organizations navigating their own digital transitions.

The integration of SSE technology into Ekinops’ existing services creates a more robust platform for customers seeking seamless and secure access to networks and applications, regardless of location.

Ultimately, this acquisition not only signifies a critical growth opportunity for Ekinops but also highlights the ongoing trend of digital transformation that necessitates integrated cybersecurity solutions. Ekinops is well-positioned to meet these evolving demands across Europe and internationally, emphasizing innovation and customer satisfaction in a rapidly changing technological landscape.

Topics Business Technology)

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