KPN to acquire QSight IT; strengthens position as leading Dutch security services provider
KPN has agreed to acquire QSight IT Holding B.V. (“QSight IT” or the “Company”), a leading managed security services and public cloud consultancy provider in The Netherlands. The acquisition is in line with KPN’s strategy to grow its security and public cloud consultancy business and further strengthens its position as leading security services provider in The Netherlands.
QSight IT offers a breadth of managed security services including proactive 24/7 cyber threat security monitoring services, operational security management and cloud consultancy. QSight IT services companies in the public and private sector and generated approximately EUR 50m in revenues in 2016 with around 250 employees.
KPN is continuously growing its security services portfolio both organically and inorganically, most recently with the acquisition of DearBytes in January 2017. The acquisition of QSight IT is complementary to KPN’s current security services portfolio and further strengthens its detection and prediction capabilities. In addition, the leading public cloud expertise of the Company broadens KPN’s (public) cloud propositions. Supported by these acquisitions, KPN is able to offer a broad range of high quality (cloud) security services to all of its SME, LE and Corporate customers.
“Providing our customers with top notch security services and products is a strategic priority for KPN,” said Eelco Blok, CEO of KPN. “With the acquisition of QSight IT we add a team of highly-skilled security and Microsoft professionals, significant security detection and prediction capabilities as well as corporate and large enterprise customers. Together, we will be able to provide our customers with the full scale of products, services and consultancy necessary to ensure that they can keep their ICT networks, systems and products safe – from prevention to detection and prediction.”
The transaction is subject to regulatory approval.