STOCKHOLM, Sweden, Dec 14, 2016 /PRNewswire/ --
Enea® today announced the completion of the acquisition of Qosmos, a privately held company with leading positions in IP traffic classification and network intelligence. After approval by the French Ministry of Finance, the acquisition is a step in Enea's strategy of creating a bigger and stronger company, with focus on embedded software for communication and networking.
The total consideration amounts to approximately 52.7 MEUR and is financed through cash and bank loans. Qosmos is estimated to generate sales of approximately 14.2 MEUR in 2016. The acquisition will have limited positive effect on Enea's revenue and earnings for the full year 2016.
Qosmos is a supplier of Network Intelligence software based on Deep Packet Inspection ("DPI") and commands a dominating share of its market. The company's software provides detailed real-time traffic visibility, which is a critical component for applications such as mobile traffic management, cyber security, and network analytics. More than 100 telecom networks worldwide use solutions powered by Qosmos. The strategic complementary acquisition provides a significant and attractive extension of Enea's portfolio, especially in the area of Software Defined Networking (SDN) and Network Function Virtualization (NFV).
"We will be able to help customers identify, classify, and analyze network traffic in real-time, and we will be able to serve and assist them in new areas such as traffic management and network security analytics", said Anders Lidbeck, President and CEO, Enea. "Customers will also find a strong partner and supplier in us as a company, with increased resources, broadened expertise, and expanded geographical presence".
For more information about Qosmos, see www.qosmos.com.
Read the financial press release from October about the acquisition here:
http://www.enea.com/about-us/Press/Press-releases/Press-release/?item=1209756
This information is information that Enea AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at December 14, 2016 at 08.00 CEST.
CONTACT:
For more information please visit www.enea.com or contact:
Anders Lidbeck, President & CEO
E-mail: anders.lidbeck@enea.com
Fredrik Medin, SVP Marketing and Communication
Telephone: +46 709 71 40 11
E-mail: fredrik.medin@enea.com
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http://news.cision.com/enea-ab/r/enea-completes-acquisition-of-qosmos,c2148239
The following files are available for download:
| Press release as pdf |
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