Altaro acquired by cloud security firm

Hornetsecurity aims to be 'Europe's #1 security, compliance and backup company'

Backup solutions provider Altaro has announced that it has been acquired by email cloud security provider Hornetsecurity.

Hornetsecurity is a cloud security specialist headquartered in Germany that operates in more than 30 countries. Sold through Hornetsecurity’s international channel partner network, its premium services are used by more than 40,000 customers including Swisscom, Telefónica and KONICA MINOLTA. This new acquisition builds on Hornetsecurity’s acquisition of Spamina, the Spanish market leader for cloud email security solutions, in January 2019 and EveryCloud, its British market partner, at the beginning of 2020.

Altaro develops backup solutions for Hyper-V, VMware, physical servers, network endpoints and Microsoft Office 365, which complement Hornetsecurity’s email and compliance solutions, particularly in the sphere of Microsoft 365 environments.

David Vella, CEO of Altaro, highlighted how the synergies between both companies would result in more powerful offerings for businesses and organisations around the world: "We have found exactly the right strategic buyer in Hornetsecurity and are delighted to become part of the group. The synergies between the two companies are obvious. Through our combined know-how and experience, and the innovative combination of our product suites, Hornetsecurity's European market leadership in cloud security has reached a new level."

Daniel Hofmann, CEO of Hornetsecurity said: "Our goal is to provide organisations with a complete security and compliance solution for their cloud technologies. By integrating Altaro's backup solutions into Hornetsecurity's product portfolio, we can provide a comprehensive package to protect customer data. We will expand the company’s current international locations in the coming years to provide our partners with new products and solutions even faster.”