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Enea Completes AdaptiveMobile Security €45 Million Acquisition Deal

Enea announced that it had agreed to buy AdaptiveMobile Security Ltd, a prominent provider of mobile network security solutions. The acquisition has now been finished. On a cash and debt-free basis, the enterprise value of AdaptiveMobile Security is around EUR 45 million. AdaptiveMobile Security is expected to generate revenues of around EUR 17 million in 2021, with an EBIT margin in 2022 that will be near Enea’s operating margin target.

AdaptiveMobile Security develops software and services for mobile core network messaging and signalling security. The firm’s products protect mobile networks, subscribers, and data from all forms of network-based cyberattacks. Unwanted traffic, which can be linked to security issues, service abuse, or revenue loss, is prevented via messaging security. The goal of signalling security is to keep cyberattacks away from taking advantage of signalling transmission. The service combines carrier-grade signalling firewalls, reporting, and advanced monitoring into one package.

More than 80 mobile operators around the world have used AdaptiveMobile Security’s products and services. Mobile operators and communication platform providers are the two main client categories. The solutions are sold as software licenses, managed services, or cloud services, and more than half of its revenue is recurring.

“I am proud to announce an acquisition that significantly strengthens our cybersecurity portfolio. As the global leader in mobile network security, AdaptiveMobile Security expands our market presence and broadens our offering to operators, creating interesting opportunities in areas such as 5G security,” says Jan Häglund, President and CEO of Enea.

“We are thrilled to become part of Enea, a well-respected leader in the telecommunications and security markets. We are aligned on market strategy and can leverage product synergies that will drive market and customer penetration. Our unique offering of security products will enhance Enea’s product offerings, especially in the area of 5G. It is critical to protect mobile networks against an ever-increasing threat landscape to maintain the integrity of national and international communications. Together with Enea, we can now serve a wider range of customers and offer an unrivalled combination of networking and security expertise,” says Brian Collins, CEO of AdaptiveMobile Security.

Brian Collins will lead AdaptiveMobile Security, which will continue to function as a new business unit within Enea under its current name.

AdaptiveMobile Security announced first unified 5G network security solution to secure mobile networks

AdaptiveMobile Security, the global leader in mobile network security, announced a new trio of interlinked 5G security platforms that enable carriers to secure their 5G infrastructure from both internal and external security threats. This is the first unified 5G network security solution, combining a variety of cybersecurity features to secure 5G networks, vertical APIs, slices and subscribers.

5G networks are likely to be the subject of increasingly sophisticated cyberattacks. The security of 5G networks is an order of magnitude more difficult than that of prior mobile technologies. The attack surface has grown in size, telecom and internet technologies are merging, and attacker tools are becoming more freely available. To prevent nation-state adversaries and criminal groups from using other perceived “trusted” networks to perform missions against an operator’s 5G infrastructure, 5G networks must be secured at the interconnects with other networks and systems installed. Internally, networks must be secured against threat actors compromising rogue slices and new application APIs provided by 5G networks. Internally, networks must be secured against threat actors compromising rogue slices and new application APIs exposed by 5G networks must be secured to avoid the creation of new attack vectors.

“As it currently stands, we do not appear to have learned the security lessons from 3G and 4G. Security in 5G networks is not built-in as promised and major vulnerabilities have been exposed even before the technology has been deployed. 5G network core technologies will be fundamentally insecure, and operators face having to protect their networks from both existing and emerging threats. Attackers already have access to the tools and techniques that are known to be effective, exploiting the IT protocols on which 5G architectures are built. Trust is not a security or a business strategy – governments, regulators, mobile operators, and network equipment vendors must all step up and secure the critical infrastructure of 5G networks. Nation-states and cyber-criminal adversaries will take advantage of any security gaps in mobile networks with catastrophic consequences for nations, networks, enterprises and subscribers,” said Brian Collins, CEO, AdaptiveMobile Security.

AdaptiveMobile Security enables governments, regulators, and mobile operators to understand the nature of new threats, pinpoint global threat actors attacking their network, and prevent internal attacks on network slices by identifying and correlating sources of external and internal attacks on 5G networks and subscribers. Mobile operators can analyze, forecast, and protect against attackers’ methods, intentions, infrastructure, and evolution with the 5G network security solution, which proactively maintains defences against known sources of signalling attacks.

“5G is driving the mobile industry into adopting the technology and techniques of the IT world to increase efficiency and improve functionality. However, while laudable, there needs to be a wider mind-set change. When it comes to securing 5G, the telecoms industry needs to fully embrace a holistic and collaborative approach to secure networks across standards bodies, working groups, operators, and vendors. This new unified approach to 5G network security will be critical in protecting operators’ networks, enterprise customer and subscribers from new and emerging cybersecurity threats,” said Dr. Silke Holtmanns, Head of 5G Security Research, AdaptiveMobile Security.