Hornetsecurity Announces Strategic Growth Investment from TA

HANOVER, Germany–(COMMERCIAL WIRE)–Hornetsecurity (the “Company”), a leading international provider of cloud security and compliance SaaS, today announced that TA Associates (“TA”), a leading global growth private equity firm, has entered into an agreement to achieve strategic growth investment in the Company.

TA will join existing investors PSG Equity (“PSG”), a leading growth equity firm that partners with software and technology services companies, and Verdane, a specialist European growth equity investor named one of the investors. most active software companies in the region, as well as the Company’s management team.

Hornetsecurity offers a range of best-in-class products that are designed to protect more than two million users against the latest and most sophisticated cyber threats. The company’s product portfolio includes email security, backup solutions, and archive and continuity services, as well as security awareness training. Its flagship offering, 365 Total Protection Suite, is specially developed for Microsoft 365 and can be seamlessly integrated into an enterprise’s existing Microsoft 365 environment. Hornetsecurity serves clients of a variety of sizes and industries, with differentiated product offerings tailored to a variety of security needs. Most customers are served through a trusted channel partner community of more than 8,000 value-added resellers (VARs), managed service providers (MSPs), and managed security service providers (MSSPs).

“Over the past two years, our partnership with PSG and Verdane has enabled us to execute on our strategic goal of providing all organizations with comprehensive cloud security and compliance solutions. We are pleased to welcome TA as a new investor and to continue our partnership with PSG and Verdane, as we further invest in our growth and product innovation. Together, we will work to deliver even greater value to our customers, partners, employees and the communities in which we do business,” said Daniel Hofmann, founder and CEO of Hornetsecurity.

Verdane invested in Hornetsecurity in 2016 and PSG made its investment in 2020. Since 2020, the company has completed three acquisitions to expand its cloud cyber security offering, adding cloud backup solutions and security awareness training. This new round of investment is intended to further support Hornetsecurity’s international expansion and product development strategy through the acceleration of continued organic growth and mergers and acquisitions.

”Hornetsecurity has continuously demonstrated its ability to innovate and identify solutions that meet the evolving cybersecurity and compliance needs of its clients. Looking ahead, we believe there is ample opportunity for the Company to further strengthen its product portfolio and increase its presence, both organically and through strategic acquisitions. We look forward to partnering with Hornetsecurity’s proven management team, led by Daniel Hofmann, PSG and Verdane to support the company’s growth journey,” said Morgan Seigler, CEO, and Stefan Dandl, Director of TA.

“Hornetsecurity’s management team has done an incredible job turning the company’s suite of solutions into a comprehensive cloud security and compliance offering. We warmly welcome TA to our existing partnership with Verdane and are excited to jointly support Daniel Hofmann, Daniel Blank (COO) and the entire Hornetsecurity team as they seek the next phase of company growth to create an international leading in cloud security and compliance software. ”, said Dany Rammal, general manager and head of PSG in Europe, and Christian Stein, general manager.

“We are excited to welcome TA as an equal partner in our journey to support the Hornetsecurity team in building the world’s leading cloud security and compliance SaaS provider. Since our investment in 2016, Daniel Hofmann and the entire Hornetsecurity team have built a cybersecurity powerhouse that continues to set new standards for cloud security. We look forward to continuing that journey in close collaboration with TA, our partner PSG and the entire Hornetsecurity team,” said Emanuel Johnsson, Partner, and Hendrik Wildhagen, Director of Verdane.

The transaction is expected to close in the fourth quarter of 2022, pending customary regulatory approval. Financial terms of the transaction were not disclosed.

TA is represented by Latham & Watkins, and PSG and Verdane are represented by Hengeler Mueller. Raymond James is serving as exclusive financial advisor to Hornetsecurity.

Notes to editors

About Hornet Security

Hornetsecurity is a leading cloud security and compliance SaaS provider, protecting the IT infrastructure, digital communication and data of businesses and organizations of all sizes. The security specialist offers its services worldwide through 11 secure and redundant data centers. Its product portfolio covers all important areas of email security, including spam and virus filters, compliant archiving and encryption, CEO fraud defense, and protection against ransomware; backup and recovery; as well as security awareness training. With more than 400 employees, Hornetsecurity operates in more than 30 countries through its international network of channel partners and its premium services are used by approximately 50,000 customers. For more information, visit www.hornetsecurity.com

About PSG equities

PSG Equity (“PSG”) is a growth equity firm that partners with technology and software services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having supported more than 110 companies and facilitated more than 400 add-on acquisitions, PSG brings extensive investment experience, deep software and technology expertise, and a strong commitment to collaborating with management teams. Founded in 2014, PSG operates from offices in Boston, Kansas City, London, Paris, Madrid and Tel-Aviv. For more information on PSG, visit psgequity.com.

About AT

TA Associates (“TA”) is a leading global growth private equity firm. Focused on specific sectors within five industries (technology, health care, financial services, business and consumer services), the company invests in profitable and growing companies with opportunities for sustained growth and has invested in more than 560 companies worldwide. . Investing as a majority or minority investor, TA employs a long-term approach, using its strategic resources to help management teams create lasting value in high-quality growth companies. TA has raised $47.5 billion in capital since its founding in 1968. The firm’s more than 110 investment professionals are based in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. You can find more information about AT at www.ta.com.

About Verdane

Verdane is a specialist growth equity investment firm that partners with sustainable, technology-enabled European companies to help them achieve the next stage of international growth. Verdane can invest as a majority or minority investor, either in individual companies or through portfolio companies, and seeks to deploy behind three core themes; the digital consumer, software everywhere and the sustainable society. Verdane funds have more than €4 billion in total commitments and have made more than 140 investments in fast-growing companies since 2003. The Verdane team of more than 130 investment professionals and operational experts, based in Berlin, Copenhagen , Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner for technology-based and sustainable businesses in Europe.

More information: verdane.com

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