[May 03, 2016] |
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Kudelski Group Acquires Milestone Systems
The Kudelski Group (SIX:KUD.S) announced today the acquisition of Milestone
Systems, Inc., a leading provider of cyber and network security
solutions. The move expands the Kudelski Group's focus on cybersecurity
solutions and provides a springboard for further growth.
With over 3500 employees and operations in 32 countries, the Kudelski
Group already has deep expertise in delivering digital security and
conditional access solutions globally, as well as providing
cybersecurity products and services for large enterprise and public
sector organizations in Switzerland.
Building on a long history of developing digital security products and
services, the Kudelski Group launched Kudelski
Security in 2012 to focus on cybersecurity solutions for the
European market. Last month the Kudelski Group expanded this strategic
focus through a strategic partnership with Kryptus
to extend cybersecurity offerings and innovation in the LATAM market.
The acquisition of Milestone Systems now extends the Kudelski Group's
focus and capabilities to the US market and is a sgnificant step toward
becoming a global provider of cybersecurity solutions.
André Kudelski, Chairman and CEO, Kudelski Group said: "The acquisition
of Milestone Systems further strengthens the Group's footprint in the US
market and represents a key step forward in the execution of our growth
strategy in cybersecurity."
This acquisition adds specific domain expertise, technology
partnerships, and strong services capability to support the Kudelski
Group's increased global focus on cybersecurity. The transaction also
provides a platform for continued new organic growth and enhances the
company's ability to deliver robust solutions and new innovation for
customers around the world.
Milestone Systems is widely recognized for its strong commitment to
clients as well as its deep expertise in network security and complex
infrastructure solutions. The company has an enviable list of Fortune
500 clients and is regularly named as a top solution partner for leading
cybersecurity technology companies, including F5, Palo Alto (News - Alert) Networks,
Juniper and Check Point.
Rich Fennessy, Group SVP - Cybersecurity Services and Technologies, and
CEO of Kudelski Security, said: "In a market where customer needs and
security strategies continuously evolve, we look forward to working
alongside the valued employees, customers, and partners of Milestone
Systems to help solve today's most complex cybersecurity challenges."
Michael Kohler (News - Alert), Founder & CEO of Milestone Systems, said: "The Kudelski
Group provides an impressive collection of services and a rich history
of innovation. The Milestone Systems team looks forward to working
closely with our new international colleagues to accelerate the
historical growth we have enjoyed across our business."
Further information relative to the Kudelski Group's global
cybersecurity strategy will be announced during the Black Hat
cybersecurity conference, held August 3-4 in Las Vegas, Nevada.
About the Kudelski Group
The Kudelski Group (SIX: KUD.S) is a world leader in digital security
and convergent media solutions for the delivery of digital and
interactive content. Its technologies are used in a wide range of
services and applications requiring access control and rights management
to secure the revenue of content owners and service providers for
digital television and interactive applications across broadcast,
broadband and mobile delivery networks. The Kudelski Group is also a
world technology leader in the area of access control and management of
people or vehicles to sites and events. The Kudelski Group is
headquartered in Cheseaux-sur-Lausanne, Switzerland. For more
information, please visit: www.nagra.com.
About Milestone Systems
Founded in 2000, Milestone Systems, Inc. is headquartered in
Minneapolis, Minn. and focused on enterprise network infrastructure and
security as well as support services including certified training,
project management, consulting, managed services, and 24x7x365 technical
support.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160502006149/en/
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