Spanish market leader Spamina is now part of Hornetsecurity Group

Spanish market leader Spamina is now part of Hornetsecurity Group

Hannover (07.02.2019) – Hornetsecurity completed the acquisition of the Spanish email security company Spamina successfully. This makes the Hanover-based company the leading German email cloud security provider in Europe and expands its locations with offices in Madrid and Barcelona as well as in Central and South America. Spamina’s activities will continue as part of the Hornetsecurity Group, to provide customers of both companies with even more efficient technology and worldwide competent support.

The investors High-Tech Gründerfonds (HTGF), Verdane Capital and HCS Beteiligungsgesellschaft mbH are extremely satisfied with the successful development of Hornetsecurity. According to Ansgar Kirchheim from High-Tech Gründerfonds: “We have been accompanying Hornetsecurity since its foundation in 2007. With the acquisition of Spamina, Hornetsecurity will not only continue its outstanding expansion, but also be able to accelerate it.” Emanuel Johnsson of Verdane Capital agrees: “We are delighted with the great progress of Hornetsecurity. Especially the past two years and the dynamic growth of the company have shown that the management and its team are doing an excellent job. The acquisition of Spamina strengthens Hornetsecurity Group’s strategic position in the global IT security market”.

Acuity Advisors, a technology focused M&A advisory headquartered in the UK, initiated the successful acquisition. During the process, Oliver Markl advised and supported Hornetsecurity: “Hornetsecurity and Spamina complement each other perfectly, making them the leading operators in the European email cloud security market.”

Harbert European Growth Capital financed the deal and is also impressed by Hornetsecurity’s organic growth over the past few years: “With the acquisition of AVIRA’s spam filter division, the very professionally organized company has already shown how quickly the takeover and integration of a company can be implemented. We are very pleased to have been able to support Hornetsecurity in the successful accomplishment of its expansion plans”, says Johan Kampe, Senior Managing Director and co-Head of Harbert European Growth Capital.

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Hornetsecurity remains on its dynamic growth course and is consistently continuing its international expansion. The team of Hornetsecurity expands to around 200 IT specialists, who from now on will provide bundled know-how for the qualitative and innovative cloud security solutions which existing business customers already know.

About Hornetsecurity Group:

Hornetsecurity is the leading German email cloud security provider in Europe, which protects the IT infrastructure, digital communication and data of companies and organizations of all sizes. The security specialist from Hanover provides its services worldwide via 9 redundantly secured data centers. The product portfolio covers all important areas of email security, including spam and virus filters, legally compliant archiving and encryption as well as defense against CEO fraud and ransomware. With around 200 employees, Hornetsecurity is represented globally at 11 locations and operates in more than 30 countries through its international distribution network. The premium services are used by approximately 40,000 customers including Swisscom, Telefónica, KONICA MINOLTA, LVM Versicherung, DEKRA, Claas, and the Otto Group.

About Spamina:

Spamina is a European-based IT security company which secures corporate digital communications. The Simile Fingerprint Filter® technology protects corporate networks from sophisticated attacks such as zero-day attacks. Spamina provides a secure communications environment that ensures business continuity, service scalability and cost efficiency. Cloud services range from enterprise-wide secure email platform, enterprise mobile management, email and IM gateway protection, to archiving, encryption and DLP solutions for legal compliances.

About High-Tech Gründerfonds:

The seed investor High-Tech Gründerfonds (HTGF) finances technology start-ups with growth potential. With a total volume of EUR 892.5 million distributed among three funds and an international partner network, the HTGF has supported more than 500 start-ups since 2005. Its team of experienced investment managers and start-up experts supports the young companies with know-how, entrepreneurial spirit and passion. The focus is on high-tech start-ups in the software, media and Internet industries as well as hardware, automation, healthcare, chemistry and life sciences. To date, external investors have invested more than 2 billion euros in the HTGF portfolio in around 1,400 subsequent financing rounds. In addition, the fund has successfully sold shares in more than 100 companies.

Investors in the public-private partnership include the Federal Ministry of Economics and Technology, KfW, the Fraunhofer-Gesellschaft and the commercial enterprises ALTANA, BASF, Bayer, Boehringer Ingelheim, B.Braun, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Group, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.

About Verdane:

Verdane seeks to be the preferred investor and active owner of technology-enabled growth companies in Northern Europe.
Verdane’s core investment strategy is to realize the potential of unlisted assets by being a knowledgeable and active owner. Verdane funds are distinctive in that they can invest in a single company, or in portfolios of companies. In each case, Verdane builds on its expertise and experience to unlock the underlying potential of small- and medium-sized growth companies.

About Harbert European Growth Capital:

The Harbert European Growth Captial Funds (HEGC) seek to generate superior returns for their investors by identifying and investing in promising emerging growth stage technology and healthcare companies. The HEGC Funds’ Investment Team combines substantial investment, advisory, and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans.

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¡Olé! Hornetsecurity acquires Spanish market leader Spamina

¡Olé! Hornetsecurity acquires Spanish market leader Spamina

On its way to become Europe’s largest cloud security provider: German cloud security expert Hornetsecurity announces the acquisition of Spanish email security company Spamina. The market leader in the German-speaking area is thus significantly expanding its market position. This strategic decision not only qualifies Hornetsecurity as the market leader in Spain, but also opens up access to the South American IT security market. As a part of the Hornetsecurity Group, nearly 200 specialists will guarantee secure email communication for more than 40,000 companies worldwide.

“The acquisition of Spamina strengthens our strategic position in the international market,” says Daniel Blank, CEO of Hornetsecurity. The acquisition of the Spanish company, Hornetsecurity gains further international locations, in addition to Madrid and Barcelona, especially in Central and South America. Following the expansion of its business in the USA and Australia, the opening up of the Benelux region through the takeover of Avira’s spam filter division and the recently concluded partnership with Swisscom, Hornetsecurity is thus consistently continuing its international expansion. “The added value for our employees, customers and business partners is obvious. In the future, all stakeholders will benefit from efficient technology, excellent support and bundled development resources,” Blank adds.

A further purpose of the takeover is to strengthen activities in the South American market. Many of the local companies in South America are looking for cloud security services that meet their linguistic and technical needs.

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“This is where we start: With our bundled know-how and innovative services, we offer high-quality cloud security solutions including cultural and communicative competences”, says Daniel Hofmann, CEO of Hornetsecurity.

Blank once again emphasizes the importance of this strategic milestone for the company’s future growth: “Spain is one of the fastest-growing economic powers in Europe and one of South America’s strongest trading partners. In addition, the annual growth in gross domestic product clearly shows that countries such as Argentina, Peru and Colombia are among the emerging service markets. This is where we see a significant, strong market potential.”

The international fast-growing cloud security expert expects an even faster market expansion due to the focus on common target markets and worldwide distribution of its product portfolio. Founded in Madrid in 2005, Spamina guarantees the security of its customers in the three main areas of “Email Firewall”, “Threat Prevention” and “Secure Collaboration”. Numerous well-known companies such as ARAG SE, Europcar and Azimut Benetti Group rely on these security solutions in their daily business. “The company and our products complement each other in every aspect and we are sure that with our innovative services and associated, comprehensive know-how, the digital future of our customers will be even more secure”, says Hornetsecurity’s CEO Oliver Dehning.

About Spamina:

Spamina is a European-based IT security company that secures corporate digital communications. The Simile Fingerprint Filter® technology protects corporate networks from sophisticated attacks such as zero-day attacks. Spamina provides a secure communications environment that ensures business continuity, service scalability and cost efficiency. Cloud services range from enterprise-wide secure email platform, enterprise mobile management, email and IM gateway protection, to archiving, encryption and DLP solutions for legal compliances.

Swisscom chooses Hornetsecurity for email security

Swisscom chooses Hornetsecurity for email security

Hanover (10.12.18) – As a leading provider of ICT services in Switzerland, Swisscom is one of the driving forces in the digitalization of the Swiss economy. Furthermore, the company is one of the most important and largest providers in the security and cloud market throughout the country. For its Security Service Provider business, Swisscom is now implementing Premium Cloud Security Services from Hornetsecurity starting in first quarter of 2019.

In the context of internationalization and globalization of more and more companies, they are faced with the decision to make company data available in the cloud from any location. Convincing advantages of cloud computing, such as flexibility, scalability, resource and cost savings, allow companies to operate faster and more efficiently in the market. With its comprehensive Managed Security Services, the Security Operations Center in Switzerland (staffed by specialists 24/7) and professional threat detection & response services, Swisscom protects customer systems in real time.

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Due to the worldwide network, new threats are emerging, which is why security solutions from the cloud and companies with high expertise in the area of cybercrime are particularly in demand. With many years of experience, Hornetsecurity has already established itself as a pioneer in several parts of the European cloud security market. The partnership with Swisscom is in line with the international growth-oriented strategy of the cloud security company from Hanover. “We were looking for a provider that could replace the various and highly customized solutions we have seen so far and that could reliably meet our customers’ high expectations in terms of scalability, security and convenience. Hornetsecurity convinced with the wide range of features of its Email Security Services, the convenient multi-client interface and high flexibility”, says Tim Rückforth, Product Manager Web & Mail Security at Swisscom.

Hornetsecurity’s services offer the same high-quality protection against sophisticated attacks for all company locations. When it comes to data protection, Swisscom customers will remain on the safe side:

 

“During the next eight weeks, Hornetsecurity will implement its infrastructure in Swisscom’s redundant data centers in Switzerland. The data of the Swiss customers are thus handled exclusively in the local data center. The protection and preservation of our customers’ sensitive and important data is our top priority,” says Daniel Hofmann, CEO of Hornetsecurity.

 

“With Email Security based on Hornetsecurity, we will offer the best protection against spam, malware and other threats to our customers, which fits perfectly into our Managed Security Services portfolio and we will actively promote through our channels. I am sure that this is the beginning of a successful partnership,” Rückforth added.

“Technology Fast 50 Award 2018” – Hornetsecurity honoured for the fourth time

“Technology Fast 50 Award 2018” – Hornetsecurity honoured for the fourth time

Hanover (13.11.2018) – The IT sector is one of the strongest growing and fastest expanding industries in Germany. The steps in the development of digital technologies are getting increasingly larger and in order to survive in this tough competition, specialized companies have to meet high demands, such as innovative ideas, strong know-how and special solution-oriented skills. Based on its many years of experience, the internationally operating consulting agency Deloitte knows about the efforts behind the success of fast-growing companies in this environment and has been honoring the 50 fastest growing technology companies in Germany every year since 2002.

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“Numerous rapidly expanding companies from Germany have positioned themselves in future-oriented fields of technology in recent years. This is accomplished by entrepreneurs who have managed to consistently pursue their visions, with a willingness to take risks and an entrepreneurial spirit.“, says Dr. Andreas Gentner, Partner and Head of Technology, Media & Telecommunications EMEA at Deloitte.

“With the Fast 50 Award, we want to honor outstanding entrepreneurial achievements for Germany as a tech location.” The ranking is based on the percentage sales growth of the last four financial years. Hornetsecurity increased its growth by 117.42% during this period and was awarded with the Deloitte Technology Fast 50 Award 2018 last week.

By now, the cloud security expert received this special recognition for the fourth time. “The award for once again being one of the 50 fastest-growing IT companies makes us extremely happy and is yet another clear sign for us that we are on the right track. It’s the proof for the hard work of the last years and we are proud of the success of our company. We will continue to focus on innovative solutions and high-quality products in the future.“, says Oliver Dehning, CEO of Hornetsecurity, who proudly received the award at “The New Yorker” in Cologne.

With regard to its ongoing growth strategy and in addition to its extensive product range, Hornetsecurity also relies on its latest product: 365 Total Protection is the first comprehensive Security & Compliance Suite designed specifically for Microsoft Office 365. As part of 21 business and security features, the cloud solution offers a range of innovative functionalities that complements the Microsoft cloud service.

Advanced Persistent Threats – The invisible threat

Advanced Persistent Threats – The invisible threat

What do the Olympic Winter Games, the Information Network Berlin-Bonn and large companies as well as SMBs have in common? They were and still are targets of highly evolved cyber-attacks that are aiming to spy on and sabotage internal processes and to steal and copy important and secret data. The realization happens as undetected as possible and over a longer period of time. These types of attacks are commonly known as “Advanced Persistent Threat” (APT).

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The attacks are presumed as “advanced” because the attacker has large amounts of time and money available and thus gives himself an advantage in terms of access to information and development capacities. For victims, the infiltration of their IT infrastructure is hardly traceable and difficult to discover, so that the intruder can act undetected in the internal network for several weeks or even months. Cybercriminals are often a group of individuals that operate together, and it is not unusual that competitors, organizations or even states are the initiators of those ingenious attacks.

Their objectives differ and range from copying as much detailed information as possible about company internals as well as military and political facts to financial enrichment in terms of financial and credit card theft. In Germany, the Federal Office for the Protection of the Constitution recently warned against a renewed wave of APT attacks targeting German media companies and organizations in the field of chemical weapons research.

In general, cybercrime increases with the ongoing digitalization in companies. According to a recent study by Bitkom on digital espionage, sabotage and data theft, 68 % of the companies surveyed in Germany stated that they had been affected by cybercrime in the last two years (as of October 2018).

Five Stages of an APT Attack

Unlike “common” virus and spam attacks, in which hackers send a large number of infected emails to hit random victims, an APT grouping deliberately seeks a high-ranking target chosen for its objectives. The attackers proceed according to a classic pattern, which can be divided into 5 stages:

1. Exploring and researching

Once a target has been selected, the first phase of the attack is to gather as much information as possible about the company or organization. Hackers are particularly likely to access corporate websites, social media and other sources open to the public to find possible points of entry into the target’s systems.

2. Invasion of the system

If the attacker has gathered a conception of the structure of his target and knows which IP addresses, domains and systems are connected in which way, he will be able to search for vulnerabilities in detail. To finally gain access to the systems of the target, the hackers use various methods: Social engineering, such as CEO fraud & phishing as well as ransomware, blended and targeted attacks are among the best known. Cyber security is not just about computer systems and networks – APT groupings often use the “human factor” as a vulnerability by exploiting human traits such as helpfulness and trust. A recent survey conducted by the Federal Office for Information Security (BSI) revealed that one in six employees would respond to a fake email from the executive floor and disclose sensitive company information.

3. Spying out and spread

As soon as the hackers have access to the system, they usually operate as carefully as possible so as not to attract attention. The company’s security measures and deployed software are identified so that further security holes can be exploited to extend attackers’ access to the network. With the help of keyloggers and the found data, an attempt to find out passwords and thus gain access to other data records and systems is made.

4. Execution of the attack

The perpetrators access the unprotected systems and start to act according to their motivation and objectives for this attack. For example, sensitive company data can be collected over a long period and/or malware can be installed to the IT system. Also, the paralyzing of systems and thus of the operational procedures is an option.

5. Filtering and analysis of the data

The data and information collected is sent to the APT Grouping’s base for analysis. To have further access to the infected system of the company at any time and especially unnoticed, a kind of “back door” can be installed by the attackers.

Detecting and preventing APTs

Regarding such individualized and manual procedures in particular, the focus of IT security should rest on targeted detection and immediate reaction to possible attack attempts. With the daily flood of incoming and outgoing emails, manual monitoring of individual attachments or content indicating CEO fraud, for example, cannot be handled.

With Hornetsecurity Advanced Threat Protection, innovative forensic analysis engines provide real-time monitoring of corporate communications and immediately prevent attacks. The APT service is directly integrated into Email Security Management and offers protection mechanisms such as sandboxing, URL rewriting, URL scanning, freezing and targeted fraud forensics in addition to the spam and virus filter. In the event of an attack, it is important to that a company’s IT security team is immediately notified with specific details about the nature and target of the APT attack, the sender and why the email was intercepted. Thanks to Real Time Alerts, Hornetsecurity ATP is able to inform a company’s IT security team about current attacks. This up-to-date information can be used for countermeasures, so that security gaps can be effectively closed in the shortest possible time and additional protective measures can be set up.

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