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New Deal


Announced

Hornetsecurity to acquire IT-Seal.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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it security

Domestic

Germany

Private

Acquisition

Software

Pending

Majority

Friendly

Single Bidder

Synopsis

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Hornetsecurity, an email cloud security and backup provider, agreed to acquire IT-Seal, a security awareness training company. Financial terms were not disclosed. "We believe IT-Seal is a perfect addition to our portfolio. We always stress the importance of cybersecurity awareness to our partners and customers, and we provide this via informative and educational blog posts, ebooks, webinars and reports. With IT-Seal on board, we will now provide IT security training as part of our package. This enables us to cover all aspects of the awareness-prevention-detection cycle, alongside our established email security and backup and recovery solutions," Daniel Hofmann, Hornetsecurity CEO.

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