Provider of backup solutions, Altaro, has been bought by Hornetsecurity, an email cloud security provider. .
Hornetsecurity is a cloud security specialist headquartered in Germany that operates in more than 30 countries. Sold through Hornetsecurity's international channel partner network, its services are used by more than 40,000 customers including Swisscom, Telefónica and KONICA MINOLTA, it says. This new acquisition builds on Hornetsecurity's acquisition of Spamina, the Spanish provider of cloud email security solutions, in January 2019 and EveryCloud, its British market partner, at the beginning of 2020.
David Vella, CEO of Altaro says "All Altaro co-founders remain on board and will occupy leadership roles within the Hornetsecurity Group," The same goes for the Altaro worldwide team, which will expand as a result of the investment.
Altaro develops backup solutions for Hyper-V, VMware, physical servers, network endpoints and Microsoft Office 365, which complement Hornetsecurity's email and compliance solutions, particularly in the sphere of Microsoft 365 environments. "We have found exactly the right strategic buyer in Hornetsecurity and are delighted to become part of the group," he said. "The synergies between the two companies are obvious. Through our combined know-how and experience, and the innovative combination of our product suites, Hornetsecurity's European market leadership in cloud security has reached a new level."