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.