KPN invests in cybersecurity firm

KPN, security

KPN has invested an undisclosed sum in local cybersecurity company SecurityMatters.

The Netherlands-based operator’s venture arm joins three other investors in putting money into the firm, which was founded in 2009.

SecurityMatters’ flagship product is SilentDefense, a network monitoring and intrusion detection system that is used in a range of sectors including the oil and gas industry.

It features self-configuring Deep Protocol Behaviour Inspection technology, which automatically analyses network communications.

In July, the company signed a collaboration agreement to help secure Japan’s critical infrastructure during the 2020 Olympic Games in Tokyo.

It is the second security company KPN has invested in this year.

In May, KPN Ventures took part in a funding round for EclecticIQ, a startup that offers threat intelligence software technologies to the enterprise market.

Herman Kienhuis, Managing Director KPN Ventures, said: “KPN has already been working together with SecurityMatters, bringing their SilentDefense cybersecurity monitoring software to industrial customers in The Netherlands.

“We are impressed by the expertise of the team and the quality of their product and see ample opportunity to expand our partnership and support the company in its growth."

The business market continues to be a problem for KPN, which registered revenue declines of 6.8 percent and 7.3 percent at its enterprise arm in the first and second quarters of the year.

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