[Press Release] The iliad Group acquires a majority stake in ITrust, France’s leading cybersecurity specialist

 

PRESS RELEASE

Paris, April 4, 2023

 

The iliad Group acquires a majority stake in ITrust, France’s leading cybersecurity specialist

 

The iliad Group is announcing that it has acquired a majority stake in ITrust, a technological software publisher and services company specialized in cybersecurity. A French pure player, ITrust is the only company in France to offer a cybersecurity platform that’s 100% proprietary and fully sovereign. Drawing on the expertise of ITrust, Free Pro – the B2B subsidiary of the iliad Group – is today launching its Cyber XPR offer to bring cybersecurity within every organization’s reach.

Thanks to the know-how built up over the past fifteen years by its R&D team, ITrust offers a unique, fully sovereign, cybersecurity solution based on artificial intelligence, and certified by France’s National Cybersecurity Agency (ANSSI).

The quality and reliability of ITrust’s services have won the trust of more than 400 clients worldwide, of which six are CAC 40 companies in France. These organizations operate in diverse sectors, including in sensitive domains and environments, such as the French Ministry of Defense and some fifty hospital groups that have signed with ITrust in the last 12 months. 

By becoming the majority shareholder of ITrust, the iliad Group is pursuing its strategy in the B2B market and is meeting one of the main current challenges of the sector – cybersecurity. Sharing Free’s same values of innovation, simplicity and entrepreneurial mindset, ITrust’s founder remains a shareholder in the company.  

Through this acquisition, Free Pro, an operator of Telecom and sovereign cloud services and the B2B subsidiary of the iliad Group, is cementing its strategy of partnering all organizations by bringing them technological innovations, and today is launching Cyber XPR, a unique protection solution in response to new cyber threats.

Thomas Reynaud, Chief Executive Officer of the iliad Group, gave this message: “With this acquisition, Free Pro is continuing to develop its service offering for all organizations and public-sector entities. ITrust will be a real accelerator for the Group in the strategic domain of cybersecurity. With ITrust we share the same entrepreneurial mindset and innovation values.”

Denis Planat, Chief Executive Officer of Free Pro, stated: “Faced with the risks of cyber threats, our role is to help companies and public sector entities adopt comprehensive solutions to effectively protect their network and IT infrastructures. With ITrust and our datacenters’ hosting services, Cyber XPR provides our clients with the only solution 100% made in France, guaranteeing the highest level of protection and total sovereignty. Our objective is for all of our clients, from the smallest company or public sector entity to the largest organization, to have access to a Free Pro cybersecurity solution best suited to their needs. As always, our investments for all of our customers are guided by our three watchwords: innovation, simplicity and affordability. This offer is available as from today”.