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Sonae IM Acquires A Majority Stake In Excellium

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The creation of the leading European cybersecurity group results from the merger of S21sec and Excellium, thanks to a new investment of Sonae IM in Benelux. This operation creates one of the most relevant cybersecurity services pure player in Europe.
(Featured Image: On the left, Christophe Bianco, Managing Partner of Excellium  / Image Credit © Dominique Gaul)

Counting with more than 500 professionals and direct presence in 13 cities across 6 countries Sonae Investment Management (Sonae IM), the technology investment arm of Sonae, announced it has acquired a majority stake in Excellium, a market-leading managed services security provider from Luxembourg, with presence in Belgium and more than 100 experts.

Excellium provides professional and managed cybersecurity services, namely, through its proprietary SOC Eyeguard Solution (security operations center), being one of the market leaders in the Luxembourgish and Belgian markets. The company holds a strong blue chip customer base which includes the most renowned financial institutions, governmental entities and other economic groups with operations in the Benelux region.

“Excellium represents our gateway to the high- potential markets of Central Europe.”

As a result of this transaction, together with S21sec, a leading and pioneer Iberian cybersecurity company with a strong presence in Latin America, both companies overall, based on their complementarity, further enhance their comprehensive services and technologies’ portfolio, enabling customers to have access to an even more complete, innovative and integrated suite of cybersecurity solutions.

Based on the soaring activity, complexity and impact of cybersecurity incidents, this operation is especially important as it further augments the range of capabilities that both companies have at their disposal to continue developing and providing the most highly-specialized services to combat cyber threats and cybercrime.

The significant European scale and cross-country presence of this group of cybersecurity companies will be key to address the increasingly challenging needs of all organizations and specially the requirements of those large and multi-national companies operating in the European space, while ensuring agile and fast response from specialized teams close to the customer.

In the highly fragmented cybersecurity landscape, this process results in one of the largest independent European Managed Security Services groups, with more than 500 professionals, strengthening its capabilities to pursue an accelerated growth plan.

“This transaction represents an important milestone on our trajectory, by being our 10th investment in cybersecurity since 2014.”

“This transaction restates our strong positioning as one of the largest pure player cybersecurity companies in Europe,” says Carlos Alberto Silva, Executive Director of Sonae IM. “Apart from the solid management team and market recognition of the company, Excellium represents our gateway to the high- potential markets of Central Europe. Following the 2016 acquisition of Sysvalue in Portugal, the S21sec & Nextel merger during 2018, this acquisition reinforces the commitment to our consolidation plan for the sector. In addition, this transaction represents an important milestone on our trajectory, by being our 10th investment in cybersecurity since 2014.”

Christophe Bianco, Managing Partner of Excellium, to conclude that “with Sonae IM, Excellium has found not only a financial Investor but also a partner who knows the sector and own interesting assets in our domain. It opens for us the possibility to write a new chapter of development with significant capabilities.”

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