Enea Buys Netbricks

Enea acquires French software company Netbricks

April 22, 2008

1 Min Read

STOCKHOLM -- Enea®, (Nordic Exchange/Small Cap/ENEA), a world leading provider of network software and services, today announced the acquisition of French software company Netbricks SAS, a leading developer and supplier of networking protocol stacks. Netbricks protocols target telecom markets, where Enea already earns the majority of its revenue.

By acquiring Netbricks, Enea strengthens and expands its existing product portfolio dedicated for next-generation networking applications. The two companies also have complementary customers among international network equipment providers. Netbricks' customers include Alcatel-Lucent, Thales and Thomson.

Netbricks net sales for 2007 were EUR 2.5 million with a geographical sales split divided between Europe 60 percent and rest of the world 40 percent. The company has 17 employees with offices in France and in Israel.

"Netbricks is a well-run and profitable company with solid growth - a telecom jewel", says Johan Wall, president and CEO of Enea. "Netbricks' products will diversify and solidify Enea's product portfolio, at the same time increasing its value as Enea becomes a complete solutions supplier.

Enea AB

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