Telenet acquires internet security specialist C-CURE
Mechelen -- June 1, 2010 -- Telenet announced today that it is taking over the Mechelen-based internet security specialist, C-CURE, and has acquired all shares from the existing shareholders. With this takeover, Telenet is seeking to integrate security solutions into its portfolio of corporate internet services while making managed security services a substantial part of its product offering.
C-CURE provides advice and integrates and develops advanced products related to internet and network security for corporate customers. C-CURE was founded in 1998 and generated a non-audited turnover of approximately €6.6 million in 2009. Major customer references include Press Agency Belga, Tele Atlas (TomTom), De Persgroep and Hansen Transmissions.
The purchase price paid by Telenet for C-CURE amounts to one third of its turnover. The transaction will have no impact on C-CURE’s personnel. The management team will remain intact and will continue to operate from the company’s current location in Mechelen-Noord.
C-CURE will be integrated within the activities of Telenet Solutions, Telenet’s business to business division.
“As a result of the increased accessibility of (network) bandwidth and better and cheaper data storage capacity, many companies these days are reorganising their IT and computer resources. One direct consequence of this reorientation is an increased demand for (managed) security solutions. Telenet’s acquisition of C-CURE is a logical step given this current climate,” explains Martine Tempels, Senior Vice President Telenet Solutions. “Thanks to C-CURE’s expertise and product portfolio, we will also be able to offer our customers a comprehensive range of integrated security services. There is a clear evolution to be seen where customers are not only purchasing connectivity products from us but also explicitly requesting that their service provider offer solutions for securing their networks and internet traffic. With C-CURE, we are even better placed to meet those expectations.”
Luc Dooms, co-founder and CEO of C-CURE NV is extremely satisfied: “This is a major step forward for C-CURE and an important impulse for our further development. Over the past few years, C-CURE has played a prominent role as a trusted security advisor for corporate customers. With this takeover, Telenet Solutions will provide us with the right framework for offering this specific knowhow to a broader audience.”
About Telenet
Telenet is a leading provider of broadband cable services in Belgium. Telenet provides cable television, high speed internet and telecom services, primarily to residential customers in Flanders and Brussels. Under the brand name Telenet Solutions, it also provides services for companies in Belgium and Luxembourg. Telenet is listed on the Euronext Brussels stock exchange under the ticker symbol TNET.
For more information, please visit: http://www.telenet.be
About C-CURE
C-CURE, an independent Belgian company, co-founded by Luc Dooms in 1998, specializes in network security and security analysis. The company supplies its customers with three independent services regarding complex security and internetworking projects: advice, implementation and management. C-CURE always starts with the security architecture before implementing and managing the security technology. For its technology C-CURE relies on a number of prominent partners.
For more information visit: http://www.c-cure.be/
Media Contact
Stefan Coenjaerts
Telenet Spokesperson
tel +32 15 33 55 44
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