MSP security technology provider Hornetsecurity has sealed new funding to aid its growth.
The cloud security and compliance SaaS provider has taken a strategic growth investment from TA Associates. TA will join existing investors PSG Equity and Verdane in taking a slice of the company.
The vendor’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 integrated into businesses’ existing Microsoft 365 environment.
The majority of Hornetsecurity’s customers are served through a channel partner community of more than 8,000 value-added resellers, managed service providers and managed security service providers.
“Over the last two years, our partnership with PSG and Verdane has enabled us to execute on our strategic goal of providing all organisations with comprehensive cloud security and compliance solutions. We welcome TA as we invest further in our growth and product innovation. Together, we will work to deliver even greater value to our customers and partners,” said Daniel Hofmann, founder and 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. It is now targeting additional acquisitions.
Financial terms of the latest investment have not been disclosed.
