NEON advises parts of the management of the Hornetsecurity Group on TA’s growth investment

14 September 2022 | NEON has advised parts of the management of Hornetsecurity Group, a leading international SaaS provider of cloud security and compliance solutions, on its strategic growth investment of TA Associates (TA), a growth-oriented private equity firm. TA joins existing investors PSG Equity, a leading growth equity firm, and Verdane, a European investor specializing in growth capital.

Hornetsecurity provides software products that already protect more than two million users from cyber threats. Its product portfolio includes email cloud security, backup solutions, replication and recovery of emails, endpoints and virtual machines, as well as security awareness training. The company has grown to more than 400 employees in recent years through several strategic acquisitions, including IT-Seal GmbH, and serves companies in more than 30 countries.

With the current investment, Hornetsecurity will primarily expand its product portfolio as well as drive its international expansion strategy by accelerating organic growth and further acquisitions.

Background:

NEON has already advised IT-Seal and its management on the acquisition by Hornetsecurity.