Email, cloud security and backup provider Hornetsecurity has acquired IT-Seal, a security awareness training company, for an undisclosed amount.
This is technology M&A deal number 499 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
Hornetsecurity Acquires IT-Seal
Founded in 2016, IT-Seal is headquartered in Darmstadt, Germany. The company analyzes human security awareness and offers training to over 800 customers, including the German Federal Bank, BMW and FC Bayern Munich, the company said.
The three co-founders, David Kelm, Alex Wyllie and Yannic Ambach, will remain on board and continue to develop IT-Seal's product and its range of services.
The deal is the latest in a string of growth-focused acquisitions by Hornetsecurity since 2019. Earlier acquisitions include backup solutions provider Altaro, Canadian email security provider Zerospam, Spanish cloud email security solutions provider Spamina and British partner EveryCloud.
Hornetsecurity, which has 400 employees, is backed by private equity investors Verdane and PSG Equity.
Hornetsecurity Acquires IT-Seal: Providing IT Security Training
Daniel Hofmann, CEO, Hornetsecurity, commented:
“We believe IT-Seal is a perfect addition to our portfolio. We always stress the importance of cybersecurity awareness to our partners and customers, and we provide this via informative and educational blog posts, ebooks, webinars, and reports. With IT-Seal on board, we will now provide IT security training as part of our package. This enables us to cover all aspects of the awareness-prevention-detection cycle, alongside our established email security and backup and recovery solutions.”
Hoffman continued:
“We have searched long and hard for the right addition to our team, and with IT-Seal we have found a second-generation approach to security awareness. Other solutions in this space are too complex and too maintenance-intensive for customers. Through its automated approach, IT-Seal can measure and compare the human security level across industries by their patented technology.”
David Kelm, idea generator and co-founder at IT-Seal, said:
“We are proud to be considered one of the most successful German cybersecurity start-ups. This acquisition is the perfect next step in our journey. Forming part of the Hornetsecurity Group will extend our services’ reach in the global B2B community, introducing our security training services to companies and organizations of all sizes and in all industries. This is in line with our mission to enable IT security managers to train their employees individually and reliably through our award-winning automation engine and easy-to-use workflow so that they can protect their company.”
