Enea completes acquisition of Qosmos
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:
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.