Hornetsecurity Announces Strategic Growth Investment from TA
HANOVER, Germany–(Company WIRE)–Hornetsecurity (the “Company”), a leading intercontinental cloud security and compliance SaaS supplier, declared currently that TA Associates (“TA”), a foremost global advancement non-public equity business, has signed a definitive arrangement to make a strategic growth expenditure in the Corporation.
TA will be part of current buyers PSG Equity (“PSG”), a foremost expansion fairness company partnering with application and engineering-enabled solutions organizations, and Verdane, a European professional expansion fairness investor named just one of the region’s most lively software package buyers, as perfectly as the Company’s administration group.
Hornetsecurity presents a range of items which are rated among the ideal-in-course that are designed to guard much more than two million end users from the most current and most complex cyber threats. The Company’s product or service portfolio consists of email safety, backup solutions, and archiving and continuity companies, as well as stability awareness schooling. Its flagship featuring, the 365 Overall Security Suite, is specifically developed for Microsoft 365 and can be seamlessly integrated into businesses’ existing Microsoft 365 ecosystem. Hornetsecurity serves clients throughout a assortment of dimensions and industries, with differentiated product offerings tailor-made to a array of security wants. The the greater part of shoppers are served via a trustworthy channel companion community of additional than 8,000 price-added resellers (VARs), managed services vendors (MSPs) and managed safety provider suppliers (MSSPs).
“Over the very last two decades, our partnership with PSG and Verdane has enabled us to execute on our strategic purpose of offering all corporations with detailed cloud stability and compliance remedies. We are psyched to welcome TA as a new investor, and to carry on our partnership with PSG and Verdane, as we spend even further in our expansion and solution innovation. Together, we will operate to deliver even better worth to our consumers, partners, workforce and the communities in which we do company,” claimed Daniel Hofmann, founder & CEO of Hornetsecurity.
Verdane invested in Hornetsecurity in 2016, and PSG made its expenditure in 2020. Given that 2020, the Corporation has finished 3 acquisitions to extend its cloud cyber protection presenting, adding cloud back again-up methods and protection recognition training. This new round of financial commitment aims to further more aid Hornetsecurity’s solution establish-out and international growth technique via continued natural expansion acceleration and M&A.
”Hornetsecurity has regularly shown its potential to innovate and establish remedies that meet up with the evolving cyber protection and compliance requires of its customers. Wanting ahead, we consider there is sufficient opportunity for the Firm to further more reinforce its product or service portfolio and improve its footprint, both of those organically and by way of strategic acquisitions. We seem ahead to partnering with Hornetsecurity’s proven administration workforce, led by Daniel Hofmann, PSG and Verdane in help of the Company’s advancement journey,” explained Morgan Seigler, Managing Director, and Stefan Dandl, Principal, at TA.
“The Hornetsecurity administration crew has carried out an extraordinary career scaling the Company’s option suite into a complete cloud stability and compliance offering. We warmly welcome TA into our current partnership with Verdane and are energized to jointly again Daniel Hofmann, Daniel Blank (COO) and the whole Hornetsecurity staff in their pursuit of the Company’s future section of expansion to produce a leading international cloud safety and compliance software winner,” said Dany Rammal, Managing Director and Head of PSG in Europe, and Christian Stein, Handling Director.
“We are thrilled to welcome TA as an equal spouse on our journey to help the Hornetsecurity staff in developing the world’s main cloud safety and compliance SaaS provider. Given that our expense in 2016, Daniel Hofmann and the entire Hornetsecurity workforce have developed a cyber security powerhouse that continues to set new standards for cloud stability. We look ahead to continuing on that journey in near collaboration with TA, our present associate PSG and the overall Hornetsecurity workforce,” explained Emanuel Johnsson, Lover, and Hendrik Wildhagen, Director at Verdane.
The transaction is envisioned to shut in the fourth quarter of 2022, pending customary regulatory acceptance. Financial phrases of the transaction have been not disclosed.
TA is represented by Latham & Watkins, and PSG and Verdane are represented by Hengeler Mueller. Raymond James is serving as special money advisor to Hornetsecurity.
Notes to Editors
Hornetsecurity is a main cloud security and compliance SaaS supplier, which protects the IT infrastructure, electronic interaction and information of businesses and businesses of all sizes. The safety expert presents its providers throughout the world through 11 redundant, secured knowledge centres. Its item portfolio addresses all significant regions of email stability, together with spam and virus filters, lawfully compliant archiving and encryption, defense towards CEO fraud and protection against ransomware backup and restoration as properly as security awareness coaching. With far more than 400 workers, Hornetsecurity operates in a lot more than 30 countries by means of its global channel associate community and its quality expert services are utilised by about 50,000 clients. To find out more, pay a visit to www.hornetsecurity.com
About PSG Equity
PSG Fairness (“PSG”) is a progress equity business that companions with application and technological innovation-enabled services businesses to assist them navigate transformational advancement, capitalize on strategic options and make solid teams. Obtaining backed more than 110 organizations and facilitated around 400 insert-on acquisitions, PSG delivers comprehensive investment decision experience, deep know-how in computer software and technological innovation, and a organization dedication to collaborating with management groups. Founded in 2014, PSG operates out of workplaces in Boston, Kansas Town, London, Paris, Madrid and Tel-Aviv. To find out a lot more about PSG, check out www.psgequity.com.
TA Associates (“TA”) is a major world-wide expansion non-public equity business. Focused on specific sectors inside of five industries – technological know-how, health care, monetary solutions, buyer, and business enterprise companies – the company invests in successful, increasing providers with options for sustained progress and has invested in more than 560 corporations close to the world. Investing as either a vast majority or minority investor, TA employs a extended-phrase strategy, employing its strategic assets to assist management teams construct lasting price in high good quality growth corporations. TA has lifted $47.5 billion in cash because its founding in 1968. The firm’s much more than 110 financial commitment experts are based mostly in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be identified at www.ta.com.
Verdane is a specialist progress fairness financial investment company that partners with tech-enabled and sustainable European firms to help them attain the future phase of worldwide expansion. Verdane can invest as a minority or majority trader, either in one corporations or by means of portfolios of organizations, and appears to deploy guiding 3 core themes the Electronic Purchaser, Computer software Almost everywhere and Sustainable Society. Verdane money keep about €4 billion in overall commitments and have made in excess of 140 investments in rapidly-developing enterprises considering that 2003. Verdane’s team of over 130 investment decision industry experts and working specialists, based out of Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, is committed to staying the most popular development associate to tech-enabled and sustainable firms in Europe.
A lot more data: www.verdane.com
Adhere to Verdane on LinkedIn