TA Associates, a global growth private equity firm, has made a strategic growth investment in Hornetsecurity, an international cloud security and compliance SaaS provider. TA joins existing investors PSG Equity and Verdane in the transaction.
Hornetsecurity provides email security, backup services, archiving and continuity services, and security awareness training for over two million users. The firm delivers its products through a trusted channel partner community of over 8,000 value-added resellers, managed service providers, and managed security service providers.
”Hornetsecurity has continually demonstrated its ability to innovate and identify solutions that meet the evolving cyber security and compliance needs of its customers,” said Morgan Seigler, managing director, and Stefan Dandl, principal, at TA. “Looking ahead, we believe there is ample opportunity for the Company to further strengthen its product portfolio and grow its footprint, both organically and through strategic acquisitions. We look forward to partnering with Hornetsecurity’s proven management team, led by Daniel Hofmann, PSG and Verdane in support of the Company’s growth journey.”
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.