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Cassidian Takes Major Share in Arkoon Network Security Firm

Apr. 29, 2013 - 03:06PM   |  
By PIERRE TRAN   |   Comments
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PARIS — Cassidian has acquired for an undisclosed amount Arkoon Network Security, a French specialist in computer protection products, the defense and security division of EADS said in a statement April 29.

“Cassidian CyberSecurity signed an agreement to become the main shareholder of Arkoon Network Security, one of the recognised major European players in network security, information systems protection and data confidentiality,” the company said.

Cyber defense is one of the new priorities in the white paper on defense and national security, Defense Minister Jean-Yves Le Drian said as he presented the report April 29.

An acquisition agreement was signed April 26 for some 83.9 percent of Arkoon at “a maximum price of €3.25 ($4.25) per share,” the statement said, without giving the number of shares.

A Cassidian CyberSecurity spokeswoman declined to comment on the total value of the deal. Arkoon officials were unavailable for comment.

The acquisition is expected to be completed in May, Cassidian CyberSecurity said.

Arkoon Network Security, based in Lyon, central France, employs 80 staff and had 2012 sales of €13 million.

Cassidian’s purchase of Arkoon follows the Sept. 16 acquisition of Netasq, a French firm specializing in information technology security.

“The combination of Cassidian CyberSecurity, Netasq and Arkoon Network Security has created an industrial player with an international dimension, supplying trusted European solutions for guaranteeing the security of information systems,” said Jean-Michel Orozco, CEO of Cassidian CyberSecurity.

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