Enea has signed a three-year agreement for core network applications with an affiliate of a European Tier-1 operator. The solution will ensure secure authentication for all subscribers in the customer’s mobile network.
The agreement, which covers new business with an existing customer, includes software licenses, professional services, as well as support and maintenance. Software licenses corresponding to a value of EUR 0.4 million are booked in the fourth quarter of 2021, while remaining revenues are recognized over the full contract period. The total deal value is EUR 3.1 million.
Enea’s Policy and Access control products serve hundreds of millions of subscribers across the world. The software is cloud native and is commercially deployed on multiple platforms, including public cloud providers. Enea’s software applications support the latest 4G, 5G, and Wi-Fi standards.
Enea is one of the world’s specialists in software for telecommunications and cybersecurity. The company’s cloud-native products are used to enable and protect services for mobile subscribers, enterprise customers, and the Internet of Things. More than 3 billion people rely on Enea technologies in their daily lives. Enea is headquartered in Stockholm, Sweden, and is listed on Nasdaq Stockholm.
Data communication has been at the core of Enea’s business ever since the company was founded more than 50 years ago. Enea was the first company in the Nordics to connect to the Internet, and received Sweden’s first email.
Enea also registered Sweden’s first Internet domain and was the hub for all Internet traffic in Sweden during the early stages of the Internet. In short, Enea has been a pioneer in the emergence of the Internet and mobile data communication.
Enea also has a Software Development Services organization that provides expertise in markets such medical devices, aerospace engineering, telecommunications, and consumer goods.