Hornetsecurity press information

LONDON, OSLO, AND HANOVER – [23] JULY 2020 – Providence Strategic Growth (“PSG”), the growth equity affiliate of premier asset management firm Providence Equity Partners (“Providence”), and Verdane, the specialist Northern European growth equity investor, today announced that they have entered into a definitive agreement for an investment in Hornetsecurity Group (“Hornetsecurity”), a leading European provider of cloud-based email security and data protection, whereby affiliates of PSG become new shareholders in the Company whereas Verdane re-invests.

Hornetsecurity, the German company which is Europe’s leading email cloud security provider, is expanding its presence in the UK through a strategic partnership with cybersecurity distributor Brigantia. The new partnership – which follows Hornetsecurity’s acquisition of the Poole-based email security provider Everycloud in January – will give it access to Brigantia’s network of resellers throughout the UK and Ireland and support its plans to become the UK market leader within 12 months…