Hornetsecurity (the “Company”), a leading international cloud security and compliance SaaS provider, announced that TA Associates (“TA”), a leading global growth private equity firm, has signed a definitive agreement to make a strategic growth investment in the Company.
TA will join existing investors PSG Equity (“PSG”), a leading growth equity firm partnering with software and technology-enabled services companies, and Verdane, a European specialist growth equity investor named one of the region’s most active software investors, as well as the Company’s management team.
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Hornetsecurity provides a range of products which are rated among the best-in-class 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 archiving and continuity services, as well as security awareness training. Its flagship offering, the 365 Total Protection Suite, is specially developed for Microsoft 365 and can be seamlessly integrated into businesses’ existing Microsoft 365 environment. Hornetsecurity serves customers across a range of sizes and industries, with differentiated product offerings tailored to a range of security needs. The majority of 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 last 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 excited to welcome TA as a new investor, and to continue our partnership with PSG and Verdane, as we invest further 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 & 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 back-up solutions and security awareness training. This new round of investment aims to further support Hornetsecurity’s product build-out and international expansion strategy through continued organic growth acceleration and M&A.