Summa Equity completed the acquisition of a majority stake in FAST LTA from Afinum Management.

Summa Equity, a thematic investment firm, completed the acquisition of a majority stake in FAST LTA, a long-term data storage solutions provider, from Afinum Management, a private equity firm. Financial terms were not disclosed. "Critical industries like healthcare and the public sector are confronted with an escalating challenge in an age of growing data quantity and complexity as well as an increasing number of cyber-attacks, and FAST LTA offers a compelling technology solution to solve these challenges. By investing in FAST LTA, we further increase our efforts to partner with companies that help address crucial (cyber)security challenges, a core thematic focus within our tech investment strategy,” Matthias Fink, Summa Equity Partner.