Providence Equity Partners and Verdane to invest in Hornetsecurity.

Investment companies Providence Equity Partners and Verdane agreed to invest in Hornetsecurity, a cloud security provider in Europe. Financial terms were not disclosed. "Today’s transaction represents a strong vote of confidence in our team, product offering, and business model. We have built a solid technological platform since launching in 2007, expanding our geographic footprint and winning significant customers along the way. With the support of PSG and Verdane, we are now well-positioned to accelerate our growth and enhance our technology. We look forward to working together to deliver even greater value to our customers, partners, employees, and the communities in which we do business," Daniel Hofmann, Hornetsecurity Founder and CEO.