Growing need for managed security services prompts Northern Europe acquisition for Japanese carrier

August 11, 2010

1 Min Read

TOKYO -- NTT Communications Corporation (NTT Com) and Secode AB (Secode), a leading provider of managed-security and security-consulting services in Nordic countries, announced today a definitive agreement under which NTT Com will acquire all shares of Secode through NTT Communications Deutschland GmbH, its wholly owned subsidiary in Germany. Terms of the deal were not announced.

Following the acquisition, Secode will operate as a wholly owned subsidiary led by Trygve Reinertsen, Secode’s current CEO.

The aim is to capitalize on the growing needs for managed-security services among multinational companies, who are increasingly outsourcing security management to professionals due to the difficulties of nurturing qualified engineers and ensuring 24/7 readiness against constantly evolving security threats.

NTT Com will leverage Secode’s high-quality managed-security and security-consulting services to strengthen and expand its capabilities to meet the security needs of customers in northern Europe. In addition, it will fold Secode’s security operation centers (SOCs) in Sweden and Norway into its existing group of SOCs in Japan, Germany, Singapore and the U.S., the latter three of which were added in October 2009 when NTT Com acquired a majority stake in Integralis AG in Germany.

NTT Communications Corp. (NYSE: NTT)

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