Hornetsecurity Group Enhances Cybersecurity Strategy with Altospam Acquisition

Hornetsecurity's Strategic Move to Acquire Altospam

In a significant announcement made during the Forum INCYBER Europe event in Lille, Hornetsecurity, a global leader in cloud-based cybersecurity, revealed its plan to acquire Altospam, a distinguished French provider specializing in email security. This strategic acquisition underscores Hornetsecurity's commitment to enhancing its cybersecurity solutions and expanding its footprint across Europe.

Hornetsecurity, headquartered in Hannover, Germany, is widely recognized for its forward-thinking approach to cybersecurity, which encompasses a range of services such as compliance, backup, and security awareness. With the addition of Altospam, which boasts an established reputation in protecting professional emails, Hornetsecurity aims to further solidify its position as a top cybersecurity provider.

The acquisition is slated to close pending approval from the French Ministry for the Economy, as it falls under the regulations governing foreign direct investment in France. Nonetheless, this move aligns perfectly with Hornetsecurity's broader strategy of providing sophisticated, European-built cybersecurity solutions to organizations worldwide.

Jean-Christian Dumas, CEO of Altospam, expressed enthusiasm for joining Hornetsecurity, highlighting how this merger positions them within a strong European entity in a predominantly US-dominated cybersecurity landscape. He believes that this partnership will grant customers and partners access to a wider array of AI-enhanced cybersecurity solutions, extending beyond email protection to encompass backup, compliance, and more.

On the other hand, Daniel Hofmann, CEO of Hornetsecurity, welcomed Altospam into the fold, emphasizing the synergy in mission and operational goals. He reassured that with the company's pan-European approach, customer data would remain within national borders, thus respecting data sovereignty and bolstering security and privacy measures.

Hornetsecurity's commitment to innovation and excellence in cybersecurity has been further supported by investments from PSG Equity, TA Associates, and Verdane, three renowned growth investment firms. This acquisition not only strengthens Hornetsecurity's product lineup but also enhances its strategy for international expansion; the company aims to establish its presence as a leading cloud security firm on the global stage.

Founded in 2002 and based in Bordeaux, Altospam has been at the forefront of developing solutions to secure email communications, safeguarding countless businesses and local authorities across France. With products like Mailsafe and Mailout, Altospam has effectively managed to protect entities operating under the SaaS model.

This partnership marks another notable step for Hornetsecurity, particularly following their recent acquisition of Vade Secure, illustrating a consistent pattern of growth and consolidation in the European cybersecurity market. The financial specifics of the acquisition remain undisclosed, but the added value of the merger is expected to significantly impact both companies’ offerings to customers.

In summary, the acquisition of Altospam by Hornetsecurity is a strategic move that aims to enhance the cybersecurity landscape in Europe. With Hornetsecurity's comprehensive security suite and Altospam's expertise in email protection, the two companies are poised to create a formidable alliance that not only benefits their respective clients but also contributes to a safer digital environment across the continent.

As the agreement progresses towards closure, industry stakeholders will be keenly observing how this merger unfolds and its implications for the cybersecurity sector. For more information about Hornetsecurity and its offerings, visit Hornetsecurity's website.