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Pradeo, a worldwide chief in cellular fleet and utility safety, enters into unique negotiations to amass Yagaan, a French-based utility safety software program firm. Subsequently, the chief in cellular safety is strengthening its path in the direction of unifying cybersecurity providers by offering complete options and experience within the fast-growing cellular safety market.

In 2021, the worldwide cellular safety market was valued at $3.96 billion and the worldwide utility safety market was valued at $6.95 billion, with respective projections of +20.75% and +18.3% CAGR from 2021 to 2028 .

Acknowledged as one of many leaders in its subject by the most important worldwide analyst corporations and awarded on a number of events for the ultra-relevance of its providing, Pradeo wished to increase its expertise with a strategic element devoted to the testing of utility supply code.

Pradeo’s objective is to turn out to be the only level of contact for CISOs, app builders, auditors, machine producers, and different cybersecurity stakeholders for all points associated to defending cellular apps and related internet providers, in addition to telephones. smartphones and tablets.

“Along with his European roots, Pradeo leverages his sensitivity to information privateness to take a worldwide management place. The adoption of Pradeo’s cellular safety options by Fortune 500 firms is a transparent endorsement of their implementation,” mentioned Nicholas J. Baugh, Frost & Sullivan Greatest Practices Analysis Analyst.

Because of the acquisition of Yagaan, whose staff has conceived and developed code mining, a disruptive expertise to audit the supply code of purposes, Pradeo expands its market share and consolidates its world growth. As soon as once more, the corporate demonstrates its technological management and might now pleasure itself on mastering all the cellular safety worth chain, from designing cellular purposes and related internet providers (safety by design) to detecting and responding to threats focusing on cellular units.

Created in 2017, Yagaan has 10 staff who will be part of the Pradeo staff to convey its employees to 60. Extra hires are deliberate for the top of the 12 months to assist the corporate’s progress. Yagaan groups will stay in France.

“Europe is fortunate to have plenty of extraordinarily profitable companies on its territory. Nevertheless, every of them has to compete with highly effective unified choices, usually overseas, that prevail on account of their ease of use. European firms must unify their providers by focusing on very particular markets with the intention to turn out to be world champions”, mentioned Clément Saad, co-founder and CEO of Pradeo.

“We share with Pradeo the identical style for technological excellence and the necessity to unify cybersecurity options. By integrating Yagaan’s strategic supply code auditing experience and expertise, Pradeo covers all the cellular safety chain and provides internet utility safety to its portfolio. By forging a typical future, this transfer consolidates Pradeo’s management and locations us on the forefront of the worldwide cybersecurity market,” added Hervé le Goff, CEO of Yagaan.

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Pradeo acquires Yagaan, strengthens its cybersecurity services unification strategy

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