Ekinops Expands Cybersecurity Portfolio with Olfeo Acquisition

Ekinops, a prominent telecommunications provider, has marked a significant step in bolstering its cybersecurity capabilities with the acquisition of Olfeo, a recognized player in the cybersecurity sector specializing in Security Service Edge (SSE) solutions. This strategic move positions Ekinops as a leading European provider of Secure Access Service Edge (SASE) solutions, critical for modern enterprise security in an ever-evolving digital landscape.

The Acquisition

On May 15, 2025, Ekinops, listed on Euronext Paris under the ticker EKI, confirmed it has acquired 100% of Olfeo through its holding company, Oscar SAS. The deal, valued at an all-cash payment made to Olfeo's founders, shareholders, and employees, solidifies Ekinops' commitment to expanding its footprint in the cybersecurity market.

Olfeo has been a long-term partner of Ekinops and played a significant role in enhancing Ekinops' existing SD-WAN solutions. The collaboration has evolved into a full acquisition, enabling Ekinops to leverage Olfeo's specialized expertise and technology in security to meet increasing market demands.

Strengthening Market Presence

Founded in 2003 and based in Paris, Olfeo has established itself as a leader in the SSE domain, focusing on safeguarding companies' information systems against cyber threats. With over 500 clients, including governmental bodies and various enterprises, Olfeo has achieved an annual recurring revenue (ARR) of €6.3 million in 2024, demonstrating its robust business model. The company's innovative security gateways utilize a subscription-based model for SaaS and on-premises delivery, making its offerings versatile and adaptable to different organizational needs.

Combining Olfeo’s strengths with Ekinops’ existing solutions allows the combined entity to respond effectively to rising cybersecurity requirements. The global SASE market, valued at over $9 billion and projected to experience significant growth, underscores the strategic importance of this acquisition. Ekinops aims to tap into this burgeoning market while aligning with its strategic plan, known as Bridge, to enhance revenue streams from software and services.

Future Directions

Ekinops intends to introduce a unified SASE solution targeting mid-sized enterprises by 2026, tapping into a market expected to exceed $600 million with an impressive annual growth rate of 27%. The partnership with Olfeo empowers Ekinops to respond to an urgent industry need for integrated network security solutions that comply with regulatory standards while being user-friendly and easy to deploy.

Notably, Didier Brédy, President and CEO of Ekinops, highlighted how this acquisition aligns with both companies' values centered around innovation and customer service. Similarly, Alexandre Souillé, President of Olfeo, expressed enthusiasm about the potential for accelerated growth while maintaining their core principles of sovereignty and responsiveness to user needs.

Conclusion

This acquisition signifies not only a critical milestone for Ekinops but also represents a collaborative force in the cybersecurity landscape, ensuring that organizations can navigate their digital transformations with confidence and security. As the industry evolves, the integration of Olfeo’s capabilities alongside Ekinops’ extensive telecommunications solutions will create a formidable entity capable of addressing comprehensive security challenges. With this strategic alignment, both Ekinops and Olfeo are poised to lead the way in providing enhanced security services tailored for the modern enterprise.