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Thursday, 30 November 2017

Telia reinforces its cyber security expertise by acquiring Propentus Oy

Telia subsidiary Cygate Oy acquires the identity and access right management pioneer Propentus Oy. The acquisition supports Telia’s strategy to invest in services that reinforce its core business. With the acquisition, Cygate Oy, known for its strong cyber security expertise, is able to offer its customers more extensive total solutions for information security. 

Propentus is a Finnish enterprise software company specialised in identity and access rights management, with core competences in information security, risk management and the implementation of cyber security. Propentus, based in Kouvola, has 55 employees and its services are used in over 30 countries. With the acquisition, Cygate is able to provide its customers more comprehensive services.

- “Propentus possesses unique expertise in utilising identity data to improve the efficiency and automation of business processes. The transaction will reinforce our data security competence in accordance with our growth strategy and is an excellent addition to our unique combination of network, information security, data centre and cloud services", says Markus Kalalahti, CEO of Cygate.

- "Cygate’s solid expertise in cloud technologies and services of high security level provides us with a superb opportunity to build highly productised total services. The top expertise and motivational work environment shared by both companies serve as an excellent foundation for innovating first-rate services to our customers”, says Tomi Hautala, CEO of Propentus.

The value of the agreement is not disclosed.

www.propentus.com/en/


Further information:

Markus Kalalahti, CEO, Cygate Oy
tel. +358 (0)40 842 1053
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Tomi Hautala, CEO, Propentus Oy
tel. +358 (0)40 055 3697
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