Hornetsecurity Group to acquire Altospam, a leading French email security provider
Hornetsecurity to further extend its position as a European cybersecurity champion
Closing of the acquisition remains subject to the approval of the French Ministry for the Economy under the French Foreign Direct Investment regulations.
This latest acquisition would complement Hornetsecurity's strategy to provide European-built cybersecurity solutions to businesses and organizations worldwide, and would further expand the group's French expertise and footprint following its acquisition of Vade Secure in
Headquartered in
"We are excited to join Hornetsecurity Group, as this enables us to join an exceptional European cybersecurity champion in what is largely a US-centric cybersecurity world," said
"We are delighted to welcome Altospam to Hornetsecurity Group," said
He added, "As part of our pan-European approach, we ensure that customer data remains within the borders of their respective countries, safeguarding data sovereignty, security and privacy."
This transaction is in line with Hornetsecurity's strategy of product build-up and international expansion. Backed by PSG Equity, TA Associates and Verdane, three leading software and specialist growth investment firms, Hornetsecurity aims to establish itself as a leading international cloud security and compliance software champion.
Financial terms were not disclosed.
About Hornetsecurity Group
Hornetsecurity is a leading global provider of next-generation cloud-based security, compliance, backup, and security awareness solutions that help companies and organizations of all sizes around the world. Its flagship product, 365 Total Protection, is the most comprehensive cloud security solution for Microsoft 365 on the market. Driven by innovation and cybersecurity excellence, Hornetsecurity is building a safer digital future and sustainable security cultures with its award-winning portfolio. Hornetsecurity operates in more than 120 countries through its international distribution network of 12,000+ channel partners and MSPs. Its premium services are used by more than 125,000 customers. For more information, visit www.hornetsecurity.com.
About Altospam
Altospam is a limited liability company founded in
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SOURCE Hornetsecurity
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