TA Associates to acquire a minority stake in Hornetsecurity.

TA Associates, a growth private equity firm, agreed to acquire a minority stake in Hornetsecurity, a cloud security and compliance SaaS provider. Financial terms are not disclosed. “Over the last two years, our partnership with PSG and Verdane has enabled us to execute on our strategic goal of providing all organizations with comprehensive cloud security and compliance solutions. We are excited to welcome TA as a new investor, and to continue our partnership with PSG and Verdane, as we invest further in our growth and product innovation. Together, we will work to deliver even greater value to our customers, partners, employees and the communities in which we do business,” Daniel Hofmann, Hornetsecurity Founder & CEO.