Celcom Axiata Berhad has acquired Bridgenet Solutions Sdn Bhd, an IT solutions provider and MSSP that offers cybersecurity and networking solutions. Financial terms of the deal were not disclosed.
This is technology M&A deal number 752 that MSSP Alert and sister site ChannelE2E have covered so far in 2021.
Celcom Acquires Bridgenet: Mobile Operator and MSSP Background
Celcom, launched in 1988, is the first mobile operator in Malaysia. The company also offers roaming services in 197 countries via more than 462 network partners worldwide.
Bridgenet, founded in 2003, is based in Kuala Lumpur, Malaysia. The company has completed 2,200 projects and has served 3,000 customers, according to the Bridgenet website. Key partners include Check Point Software Technologies, Cisco Systems, CyberArk, F5 Networks, Fortinet, Palo Alto Networks, Trend Micro, and HP Inc., the site indicated.
Key services include:
- Enterprise IT solutions that address network infrastructure, network monitoring, video conferencing, Computing infrastructure, cloud platform and data storage systems.
- IT security solutions spanning network security, SIEM (security information and event management), cloud security, data security, security assessment, data loss prevention, endpoint and application security.
MSSP Acquired: Executive Perspectives
In a prepared statement about the deal, Celcom CEO Datuk Idham Nawawi said:
“The move to acquire Bridgenet will further strengthen Celcom’s position to grow its Enterprise business. An acquisition as large as Bridgenet will enable both companies to leverage on their strengths and develop world-class cybersecurity solutions for all business functions.
As Cybersecurity is a critical component in the digital world for both Enterprises and consumers, Celcom will soon make these cybersecurity solutions and services available for local enterprises. Upholding our role as a digital advocate, Celcom will continue its strong practice to safeguard our customers. It is also crucial for organisations to protect their systems and customers’ data against cyber threats from the boundaryless cyberworld, while thriving digitally within the new norm.
Added Bridgenet CEO Keane Leong Kin Man:
“We see the acquisition as a way to accelerate the company roadmap using the expertise and resources of a larger company like Celcom. Joining forces with Celcom will let us achieve our most important business goals years ahead of schedule. During the course of conversations with Celcom leadership, we shared optimism that the right technology and people can solve many cybersecurity challenges that to date have seemed intractable.”
