By PR Newswire

NTT Communications Corporation (NTT Com) and Secode AB (Secode), a leading provider of managed-security and security-consulting services in Nordic countries, announced on Aug. 11 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.

For Secode, the new arrangement will enable it to deliver services to a wider and more diverse range of companies in NTT Com's large customer base worldwide.

Secode provides managed-security services to financial institutions and public offices in Denmark, Finland, the Netherlands, Norway and Sweden. The company offers 24/7 services for intrusion detection and prevention, log management, vulnerability analysis, data-loss prevention, anti-virus and anti-spam, managed VPN/firewall and mobile security. In addition to its two SOCs, it operates support desks in local languages in Finland and the Netherlands. Secode also manages a specialized team for conducting tests and audits, as well as its staff of consultants who offer a wide range of professional security services. Established in 2000, Secode currently has approximately 90 employees.

“The addition of Secode will enrich the NTT Com group's portfolio of managed-security services and strengthen our Nordic business, together with our global security unit Integralis AG,” said Akira Arima, President and CEO of NTT Com. “This will enhance our capabilities to meet market demands for a variety of security services at the global level.”

Trygve Reinertsen said, “We are very pleased to be joining the NTT Com group, one of the largest global ICT solution providers. As an NTT Com group company, we will expand our customer base to reach much larger companies on a more global scale.”