Enea, a Nasdaq Stockholm listed supplier of network software platforms, is to acquire Qosmos, a Paris, France-based privately held IP traffic classification and network intelligence platform, for approximately €52.7M financed through cash and bank loans.
The close of the transaction is subject to approvals from French government authorities and is expected to be completed beginning December 2016.
Founded in 2000 and led by Thibaut Bechetoille, CEO, Qosmos is a supplier of Network Intelligence software based on Deep Packet Inspection. The company’s software provides detailed real-time traffic visibility, which is a critical component for applications such as mobile traffic management, cyber security, and network analytics.
More than 100 telecom networks worldwide use solutions powered by Qosmos.
The company, which has 90 employees, has estimated revenues of €14.2M in 2016. It was backed by venture capital firms Alven Capital and Draper Esprit, the GfK Group and public investment bank Bpifrance.
Together, Enea and Qosmos are building an strengthen its offering in the area of Software Defined Networking (SDN) and Network Function Virtualization (NFV).