Obrela Security Industries announced the acquisition of Encode

Obrela Security Industries, a leading provider of cyber security data analysis and risk management services, announced that on 30/12/2021 it acquired all the shares of Encode, which is also very successful in the field of cyber security. The acquisition makes Obrela the largest cybersecurity service provider in Greece and one of the leading Managed Detection and Response (MDR) service providers worldwide.

According to the announcement, the acquisition of Encode creates a new dynamic scheme with a strengthened capital base, consolidated turnover of 18 million euros, physical presence in five countries, high know-how, experienced human resources of 180 people and an expanded international clientele. The forthcoming merger of the two companies is expected to change the cybersecurity landscape and make the integrated scheme a global innovation vehicle, capable of claiming new, larger market shares, delivering significant added value to customers, employees and shareholders.

The CEO and co-founder of Obrela Security Industries, Mr. George Patsis, said: “The acquisition of Encode is an important milestone for Obrela and the cybersecurity industry in general. The future of the industry requires the joining of forces and business synergies to effectively address ever-changing market conditions, in a highly competitive globalized, rapidly evolving digital environment, together we are able to support even more vigorously and focused our common mission of “We keep your business in business “, ensuring the smooth operation of our customers’ business activities and their effective protection from cyber threats in real time. We seek the gradual and smooth merger of companies for the benefit of customers, investors and company people. Our goal is no only to maintain but to strengthen the human resources, following our international expansion strategy and creating 50 new specialized jobs in 2022 “.

Obrela’s founding executives, as well as its major shareholders, EOS Capital Partners and the LATSCO Family Office, say they are satisfied with the excellent prospects offered by the new agreement, while they are committed to supporting the long-term development of the consolidated scheme and its future movements in the international market.

For his part, Mr. Apostolos Tamvakakis, Head of EOS Capital Partners said “We are very pleased that our investment in Obrela, one of the most growing companies in our country, with a significant international presence, is evolving dynamically. The acquisition of Encode takes place “At the right time, as the pandemic accelerated the digital transformation of businesses and governments and highlighted the need for cybersecurity.

Mr. Nikos Voutyhtis, Chief Investment Officer of LATSCO Family Office in Greece said: “Recently investing in Obrela, we were well aware that the cyber security industry is in full development and remodeling with the unification of companies in the area to be an obvious and desired Encode’s integration with Obrela serves this strategy and provides the integrated scheme with significant economies of scale and complementarity in cybersecurity services, large enough to create a sense of trust for its customers. professionals in the field “.