Allot Communications, a leading global provider of intelligent broadband solutions that empowers communication service providers to optimize and monetize their networks, announced today that it has signed an agreement to acquire the operations of Optenet, a global IT security company providing high-performance Security-as-a-Service (SECaaS) solutions to service providers and large enterprises worldwide. The deal is worth approximately $6.5 million in cash.
According to Allot, the acquisition will significantly broaden Allot’s addressable security market potential enabling Allot to become a leading player in the SECaaS consumer market, working with mobile operators. Optenet’s products complement Allot’s existing security offerings, especially in the market of DDoS protection and anti-malware. The combined offerings present a strong value proposition to Allot customers by adding Optenet’s security value-added services to the Allot Service Gateway. The combined offerings allow Allot to address the rapidly growing security market and operator demand for solutions that protect their customers from threats.
Andrei Elefant, President & CEO of Allot Communications
Our acquisition of Optenet will help Allot become a leading player in the consumer Security-as-a-Service market. We have been working with Optenet since 2013 and during that time we have won more than 10 service provider customers together, half of which are large tier one operators. In addition to bringing value to stockholders, this strategic move augments our position in the security market, strengthens our network operator value-added services approach, and complements our cloud and enterprise vision.
Francisco Martin Abreu, CEO, Optenet
I’m thrilled with the opportunity this acquisition represents. Combining Allot’s Service Gateway with Optenet’s technology creates an industry-leading security suite of SECaaS applications and services that position the company to take advantage of a significant market opportunity. Our security expertise coupled with a strong operator and enterprise customer base will enable Allot to provide value to both Allot and Optenet customers.
