Ekinops Expands Cybersecurity Solutions Portfolio with Olfeo Acquisition

Ekinops Acquires Olfeo to Strengthen Cybersecurity Offerings

On May 15, 2025, Ekinops, a leading telecommunications solutions provider, announced its acquisition of Olfeo, a French company specializing in cybersecurity solutions through Security Service Edge (SSE) software. This strategic acquisition marks a significant step in Ekinops' ambition to expand its cybersecurity offerings and position itself as a leading provider of Secure Access Service Edge (SASE) solutions in the European market.

The Significance of the Acquisition

Olfeo, established in 2003 and headquartered in Paris, has built a robust reputation as a market leader in SSE solutions, providing security for internet access against cyber threats. With a strong client base comprising over 500 organizations, including public institutions and private enterprises, Olfeo generated an annual recurring revenue (ARR) of €6.3 million in 2024, showcasing its significant presence in the cybersecurity sector. The acquisition aligns with Ekinops' strategic plan, Bridge, which aims to enhance its leadership in rapidly growing segments of the market.

Ekinops plans to leverage its existing SD-WAN (Software-Defined Wide Area Network) solutions and combine them with Olfeo’s cutting-edge cybersecurity technologies to offer comprehensive SASE solutions that protect networks and systems across various customer environments. This approach not only meets the increasing demand for integrated security solutions but also provides a basis for sustained growth in the cybersecurity market, which is projected to exceed $9 billion by 2025 with an annual growth rate of over 13%.

Ekinops and Olfeo: A Shared Vision

The partnership between Ekinops and Olfeo represents a fusion of strategic objectives and expertise. Alexandre Souillé, the founder and president of Olfeo, expressed that the merger is an outstanding opportunity to accelerate the company's growth while maintaining its core principles of sovereignty, innovation, and customer proximity. He emphasized that combining forces with a reputable technology player like Ekinops enhances their offerings in SSE and SASE solutions, thereby continuing their mission to ensure secure internet access and cloud compliance under European regulations.

Likewise, Didier Brédy, the CEO of Ekinops, acknowledged the strategic importance of this merger, asserting that it will enable the two companies to meet the growing security demands of both public and private sector organizations efficiently. By delivering effective technology solutions from Europe, they will address the urgent need for robust network security amidst the ongoing digital transformation.

Future Growth Prospects

With Olfeo's technological expertise and existing client relationships, Ekinops is set to enter the unified SASE market segment by 2026. The company's vision includes targeting small to medium-sized businesses (SMBs) with fully integrated solutions that cater specifically to evolving cybersecurity needs. Ekinops estimates that the market for unified SASE could surpass $600 million by 2025, reflecting a rapid growth trajectory.

The acquisition will also allow Ekinops to expand its existing software service revenues, aiming for over 30% of annual revenue to come from software and services by 2028, with more than 50% derived from recurring revenue streams.

Conclusion

The acquisition of Olfeo positions Ekinops as a prime contender in the cybersecurity market, providing a crucial opportunity to develop and strengthen its service offerings. As cybersecurity becomes a central theme in the digital transformation of businesses, Ekinops is poised to deliver premium and comprehensive security solutions. The integration of Olfeo will enhance Ekinops’ capability to provide end-to-end connectivity and security solutions to international operators and their enterprise customers, making it a formidable player in the market.

In conclusion, with the acquisition of Olfeo, Ekinops not only augments its product portfolio but also solidifies its commitment to offering innovative, comprehensive, and secure network solutions across Europe and beyond.