Summa Equity to acquire a majority stake in Logpoint.

Summa Equity, a private equity firm, agreed to acquire a majority stake in Logpoint, a cybersecurity solutions provider. Financial terms were not disclosed. “By taking a majority stake in Logpoint, we are investing in securing the global tech-enabled transformation, which is vital to reaching most of our sustainable development goals. It is an investment in European cybersecurity resilience, ensuring that the technology to secure digital infrastructures thrives in Europe. Logpoint will serve as the platform for building a European cybersecurity powerhouse, as an alternative to the dominating US vendors,” Christian Melby, Summa Equity Partner and CIO.