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Private Equity | TMT

IT-Seal GmbH has been acquired by Hornetsecurity GmbH

The shareholders of IT-Seal GmbH have sold the company to Hornetsecurity GmbH.

IT-Seal is active in the cybersecurity segment and offers security awareness training software. The company specializes in establishing a sustainable security culture by using innovative technologies to train employees at businesses and organizations worldwide. IT-Seal uses a scientific, patented security awareness indicator (Employee Security Index - ESI®) to make security awareness measurable and comparable.

Hornetsecurity is a provider of cloud-based security services offering solutions in the fields of email security and data storage worldwide. Additionally, the company offers high level protection for customers’ IT infrastructures. Hornetsecurity is backed by financial investors and has been following a buy-and-build strategy by acquiring Spamina, the Spanish market leader for cloud email security solutions, Everycloud, the British market leader for cloud email security solutions, Altaro, the global provider of backup solutions and Zerospam, the Canadian email security leader.

Oaklins’ team in Germany acted as the exclusive financial advisor for the sellers in this transaction.

Service
M&A sell-side
Parties
“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.”

David Kelm

Idea generator and Co-founder, IT-Seal GmbH

Talk to the deal team

 Jan P.  Hatje

Jan P. Hatje

Managing Partner
Hamburg, Germany
Oaklins Germany
 Christoph  Rummelt

Christoph Rummelt

Director
Hamburg, Germany
Oaklins Germany
 Lukas  Girke

Lukas Girke

Analyst
Frankfurt, Germany
Oaklins Germany

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