M&A Deal Summary

Hornetsecurity Acquires Altaro

On January 12, 2021, Hornetsecurity acquired information technology company Altaro

Acquisition Highlights
  • This is Hornetsecurity’s 3rd transaction in the Information Technology sector.
  • This is Hornetsecurity’s 1st transaction in Malta.

M&A Deal Summary

Date 2021-01-12
Target Altaro
Sector Information Technology
Buyer(s) Hornetsecurity
Deal Type Add-on Acquisition

Target

Altaro

San Gwann, Malta
Altaro develops backup solutions for managed service providers (MSPs), IT resellers and companies. With a diverse set of global customers, Altaro provides affordable, easy-to-use, enterprise-class functionality coupled with 24/7 tech support.

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Buyer(S) 1

Buyer

Hornetsecurity

Hannover, Germany

Category Company
Founded 2007
Sector Internet Software and Services
DESCRIPTION

Hornetsecurity is a cloud security provider and secures the IT infrastructure, digital communications, and data of companies and organizations of all sizes. Hornetsecurity was founded in 2007 and is based in Hannover, Germany.


DEAL STATS #
Overall 3 of 6
Sector: Information Technology M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 6
Country: Malta M&A 1 of 1
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-14 EveryCloud Technologies

San Jose, California, United States

EveryCloud Technologies is an Email security provider with the mission to secure corporate communications using state-of-the-art technology and outstanding service. Today, over 9,000 customers mainly from the U.K., U.S., and Australia rely on EveryCloud's solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Zerospam

Montreal, Quebec, Canada

Zerospam is an operator of a cloud email protection specialist's fast-growing and profitable business that serves more than 4,000 small, midsized, and enterprise customers worldwide via an ecosystem of 400+ partners focused primarily on Canada and the US. Zerospam was founded in 2003 and is based in Montreal, Quebec.

Buy -