Tecno Holding, Advent and Nextalia enter into a strategic partnership to accelerate the development of Tinexta

Advent
Advent and Nextalia announce the signing of binding agreements for the acquisition of a stake in Tinexta from current majority shareholder Tecno Holding and the subsequent launch of a mandatory tender offer aimed at delisting
Upon completion, Advent and Nextalia will hold the majority of the shares of Tinexta while Tecno holding will retain a significant minority stake

Milan, 5 August 2025 – Advent International L.P. (“Advent”) acting on behalf of certain private equity funds managed and / or advised by it, and Nextalia SGR S.p.A. (“Nextalia”), acting on behalf of the Nextalia Private Equity and Nextalia Flexible Capital funds (together the “Sponsors”), announce the signing of binding agreements for the acquisition of a stake in Tinexta S.p.A. (“Tinexta” or the “Group”) from the current majority shareholder Tecno Holding S.p.A. (“Tecno Holding”).

Tinexta is an Italian group with digital transformation at its core, operating across three divisions: Digital Trust, Cybersecurity, and Business Innovation. The Digital Trust division is a leading player in the Italian and European Digital Transaction Management market, enabling secure and trustworthy digital transactions between individuals and service providers as well as offering crucial digital tools for independent professionals. The Cybersecurity division offers a wide range of products and services within the Italian cybersecurity market. Lastly, the Business Innovation division supports SMEs and enterprises in innovation, sustainability, and internationalization processes through specialised advisory services.

Founded in 2009 and listed on the Euronext STAR Milan Segment since 2016, Tinexta has operations in 12 countries and over 3,000 employees. The Group has grown consistently over the past 15 years through a combination of organic growth and strategic M&A transactions, reaching total revenues in excess of €450 million in 2024.

As described in greater details in the press release available on Tinexta’s website, the transaction (the “Transaction”) entails the acquisition of a stake representing 38.74% of Tinexta share capital held by the current majority shareholder Tecno Holding by private funds managed by Advent and Nextalia (the “Acquisition”), and the launch, acting in concert with Tecno Holding, of a mandatory tender offer for Tinexta’s shares (the “Offer”), with the aim of delisting from the Euronext STAR Milan market, at the same price (€15 per-share) paid to Tecno Holding in the context of the Acquisition.

Completion of the Acquisition and launch of the Offer are subject to the approval of the Transaction by the shareholders’ meeting of Tecno Holding, convened for the 7th of August 2025, and to the receipt of all required legal authorisations.

Upon satisfaction of these conditions, the Sponsors will complete the Acquisition and proceed with the launch of the Offer, providing timely disclosures to the market.

Upon completion of the Transaction and assuming full success of the Offer, the Sponsors will hold the majority of Tinexta’s shares, while Tecno Holding will retain a significant minority stake.

Francesco Canzonieri, CEO of Nextalia, commented: This transaction is transformational for Tinexta and represents a compelling opportunity to unlock significant value and accelerate growth in high-potential sectors. It allows us to position  ourselves on an asset with the potential to become a consolidator and a key player in the Digital Transaction Management  market. We aim to give the Group a clear strategic direction and long-term industrial imprint. Nextalia, thanks to its industrial and financial expertise and its extensive network of relationships, will support the Group in the effective execution of its business plan. This also confirms our ability to seize the most compelling opportunities in the Italian market, executing complex and impactful transactions in partnership with leading international investors.”

Francesco Casiraghi, Managing Director at Advent, commented“Tinexta has a strong track record of innovation and is well-placed to become a European champion. Our investment in Tinexta reflects Advent’s commitment to backing leading growth-oriented businesses across Europe. Joining forces with Nextalia and Tecno Holding provides a unique opportunity to support the company’s next chapter, through enhancing its innovation capabilities, expanding internationally, and delivering long-term value. We look forward to working closely with the management team and our partners to accelerate Tinexta’s strategic development.”

Carluccio Sangalli, Chairman of Tecno Holding, commented: We are proud to join forces with Advent and Nextalia, who represent the best partners to support Tinexta’s development in the years ahead, by contributing additional financial and industrial expertise. We believe that, also thanks to Advent and Nextalia’s global network and capabilities, Tinexta is ready to take a further step in its growth and market consolidation strategy, particularly abroad. We are also confident that the transaction will enhance the Group’s positioning as a hub for talent retention and an attractive platform for highly qualified professionals, delivering benefits for all of Tinexta’s stakeholders.”

Advent and Nextalia were assisted by Rothschild & Co, Mediobanca, Barclays, and Banca Akros / Gruppo Banco BPM as financial advisors, by Chiomenti and PedersoliGattai as legal advisors, Alvarez & Marsal for financial due diligence and by Legance and KPMG for tax and structuring matters. Tecno Holding has been advised by Lazard as exclusive financial advisor and by Gatti Pavesi Bianchi Ludovici as legal advisor.

About Advent

Advent International is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $94 billion in assets under management* and have made over 430 investments across 44 countries.

Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.

As one of the largest privately-owned partnerships, our 660+ colleagues leverage the full ecosystem of Advent’s global resources, including our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.

*Assets under management (AUM) as of March 31, 2025. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.

About Nextalia

Nextalia SGR S.p.A. is an investment platform promoted by Francesco Canzonieri together with leading Italian institutional investors (Intesa Sanpaolo, Unipol Assicurazioni, Aurelia, Finprog Italia, Fondazione ENPAM, H14, Istituto Atesino di Sviluppo, Massimo Moratti S.a.p.a, Confindustria, Bonifiche Ferraresi and Micheli Associati.

With approximately two billion euros in assets under management, Nextalia has established itself as a key Italian player in private market investments, leveraging its extensive network and the expertise of a highly qualified team. Nextalia manages five funds, “Nextalia Private Equity”, “Nextalia Credit Opportunities”, “Nextalia Ventures”, “Nextalia Capitale Rilancio” and “Nextalia Flexible Capital” and has recently launched the fundraising phase for “Nextalia Credit Solutions”.

About Tecno

Tecno Holding S.p.Ais a financial company participated by Camere di Commercio, companies from the chamber system, and Unione Nazionale.

Media Contacts

Advent
Community
Giulia Polvara adventinternational@community.it
+39 334 2823514
Mafalda la Gala
mafalda.lagala@community.it
+39 347 74635

Nextalia
Marina Marchese
Gregorio Galimberti
IR@nextalia.com

MAIM Group
Andrea Pontecorvo
a.pontecorvo@maimgroup.com
+ 39 393 5486192

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Exein raises €70m Series C to protect critical infrastructure from back door attacks

Balderton

The round was led by Balderton and joined by Supernova and Lakestar, with additional participation from existing investors.

Exein, the embedded IoT cybersecurity company at the forefront of defending Europe’s critical infrastructure, has raised €70m in a Series C round. The fresh capital will drive Exein’s ambitious global expansion plans across the US, Japan, Taiwan, and South Korea, as well as to strengthen its established European presence.

Hackers, including many state-sponsored actors, have identified smart devices as a back door into critical systems at businesses and organisations, with one in three data breaches involving a IoT device. Exein, which secures more than a billion smart devices globally, including critical infrastructure for railway networks and healthcare providers, is creating a digital immune system for connected devices, which is fast becoming the global standard for embedded IoT security.

 

We’re living in an era where everything — from rail networks to industrial machinery — is connected, and therefore exposed. As critical infrastructure becomes increasingly software-defined and networked, the risks multiply, especially with AI enabling attackers to hit more targets faster than ever before. And they are no longer breaching through the front door; the microwave on a military ship, or the smart fish tank in a hospital waiting room – any one of these could be exploited to compromise the entire network.

Exein tackles this threat where it begins: on the device itself, embedding real-time security on the edge — continuously monitoring, learning, and responding in real time. There is no better team to take on this challenge, and we are immensely proud to be partnering with Gianni and team as they build the cybersecurity foundation for the AI-powered, hyper-connected world ahead.

Elena MonetaPrincipal, Balderton

Exein offers AI-enabled, real-time threat detection across key industries, including critical infrastructure, semiconductor, energy, automotive, healthcare, and robotics. Achieving over 450% year-over-year growth, Exein has formed strategic partnerships with the world’s leading chipset and OEM/ODM manufacturers, including MediaTek, Supermicro, Kontron, SECO and AAEON.

Exein’s end-point approach creates a digital immune system, securing individual devices rather than relying solely on network defences. This decentralised approach ensures that manufacturers can seamlessly integrate the latest security tools into their products, safeguarding devices from cyber threats and ensuring compliance with stringent global cybersecurity regulations such as Europe’s NIS2 and the Cyber Resilience Act – which comes into force in 2026 – and the US Cyber Trust Mark.

Exein Runtime Product – Incident Report Page

As part of Exein’s strategic global expansion, the company is also developing runtime security solutions to secure AI infrastructure and large language models (LLMs), addressing the growing demand to secure AI and LLMs operating within devices, rather than in a centralised cloud environment. Additionally, the funding will support Exein’s pursuit of strategic M&A opportunities in the cybersecurity industry, further enhancing its growth plans.

 

Exein’s extraordinary growth is a testament to the urgent demand to secure devices which are ubiquitous in our everyday lives. Embedded security at the device level is fundamental, and we are proud to support manufacturers in providing the highest levels of security, offering them confidence in knowing they are compliant with the latest security legislation. I’m extremely proud to be fortifying the foundations of European tech innovation, and to have the trust of our partners and investors as we expand globally and continue our mission of building the digital immune system for the connected world.

Gianni CuozzoFounder & CEO, Exein

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A-LIGN announces strategic investment from Hg to accelerate its global expansion

HG Capital

Partnership with Hg will accelerate A-LIGN’s growth trajectory and support its mission to become the global cyber compliance services champion.

TAMPA, FLORIDA, July 8th: A-LIGN, a leading provider of technology-enabled cybersecurity compliance services, today announces that it has secured a significant strategic investment from Hg, a leading investor in European and transatlantic software and services businesses. Hg will acquire a majority stake in the company from Warburg Pincus.

The investment comes as organizations face a surge in cyber-attacks, with AI-powered threats making compliance and security more critical and complex than ever before. This has increased the demand for sophisticated compliance partners to navigate this environment and provide assurance to stakeholders.

Headquartered in Tampa, Florida, A-LIGN’s cybersecurity compliance audits and related assessments allow organizations to provide assurances to their customers that sensitive data is protected, and that mission-critical operations are conducted with integrity.

Since its founding in 2009, A-LIGN has established itself as a category leader in cybersecurity compliance services, serving over 5,700 clients with audits and assessments including SOC 2, ISO, HITRUST, FedRAMP, CMMC and PCI standards.

A-LIGN’s customer-first approach and extensive use of technology has enabled the firm to deliver over 50% compounded annual growth over the past 15 years. A-LIGN’s delivery model combines deep domain expertise with proprietary technology, to deliver superior audit quality, while driving operational efficiency for its customers.

The partnership with Hg will support A-LIGN’s ambitious growth plans, leveraging Hg’s extensive network to accelerate its global expansion, and building on Hg’s commitment and expertise in data and AI to drive significant value for A-LIGN’s customers.

Scott Price, CEO of A-LIGN, commented: “This new partnership comes at the perfect time as we enter our next phase of growth. Hg’s deep expertise and track record in scaling tech-enabled services businesses globally, combined with world-class operational resources, makes them the ideal partner to help us provide the best possible services to our customers. I’d also like to thank Warburg Pincus and FTV Capital for their support over the last few years, in helping us reach this milestone.”

Hector Guinness and Joris van Gool, Partners at Hg: “Scott and his world-class team have built an exceptional and truly client-centric business. We have been particularly impressed by their unwavering commitment to quality, while leveraging proprietary technology to drive efficiency for their customers. This combination has created a sustainable source of competitive differentiation that we believe can extend A-LIGN’s growth in new regions, adjacent service lines, and new customer groups.”

William Holmes, Principal at Hg, added: “A-LIGN has all the hallmarks of what Hg looks for in tech-enabled services investments, and we are excited to support Scott and his world-class team to become the global champion in cyber compliance services.”

Brian Chang, Managing Director at Warburg Pincus, said: “It has been a privilege to support Scott and the talented team at A-LIGN through an exceptional period of transformative growth, partnering closely with them to expand the company’s service offerings and grow its customer base. A-LIGN is a strong example of our firm’s focus on accelerating the success of innovative market leaders in cybersecurity and compliance, especially as the number of cyber-attacks continue to rise and compliance and security needs become more complex. We wish Scott and the A-LIGN team the best in their next chapter and look forward to the company’s continued success.”

Jefferies LLC served as lead financial advisor and Guggenheim Securities, LLC served as financial advisor to A-LIGN and Warburg Pincus. Cleary Gottlieb Steen & Hamilton LLP served as legal counsel for A-LIGN and Warburg Pincus. Harris Williams served as financial advisor to Hg, with Latham & Watkins serving as Hg’s legal counsel.


For further information, please contact:

A-LIGN
Press inquiries, press@a-lign.com

Hg
Tom Eckersley, tom.eckersley@hgcapital.com
Sam Ferris, sam.ferris@hgcapital.com

Warburg Pincus
Kerrie Cohen, kerrie.cohen@warburgpincus.com

About A-LIGN
A-LIGN is the leading cybersecurity compliance partner, trusted by over 5,700 organizations worldwide to navigate the complexities of compliance, audit, and risk.

With a tech-enabled delivery model and deep domain expertise, A-LIGN has completed more than 31,000 audits. It is the #1 issuer of SOC 2 reports and a top three FedRAMP assessor. Founded in 2009, A-LIGN delivers high-quality, efficient audits across frameworks including SOC 2, ISO 27001, FedRAMP, CMMC, ISO 42001, PCI, and HITRUST. To learn more, visit: https://www.a-lign.com.

About Hg
Hg is a leading investor in European and transatlantic software and services businesses. We help to build sector-leading enterprises that supply critical software applications or workflow services to deliver intelligent automation for their customers.

We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to provide compelling support to entrepreneurial leaders looking to scale enduring businesses.

With a vast European network and strong presence across North America, Hg has more than $85 billion in assets under management and more than 400 employees. Our portfolio spans more than 50 companies worth over $160 billion in aggregate enterprise value, employing more than 126,000 people and consistently growing revenues at more than 20% annually.

About Warburg Pincus
Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles.

Today, the firm has more than $87 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

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Conscia, backed by Nordic Capital, acquires Dubex to further strengthen its cybersecurity competencies in Denmark as part of broader European growth strategy

Nordic Capital

Conscia, a leading European provider of cybersecurity, networking, hybrid cloud, observability and managed services, announces the acquisition of Dubex, a Danish cybersecurity specialist with deep expertise in advisory and managed security services.

With the acquisition of Dubex, Conscia is advancing its cybersecurity and security operations center capabilities across the Group while also deepening technical expertise and strengthening local competencies in Denmark. The acquisition is thus a strategic move to expand Conscia’s already strong security competencies and accelerates its ambition to become a pan-European leader in cybersecurity and managed services. This marks Conscia’s 16th acquisition in five years.

“Dubex is a perfect match and strengthens Conscia’s strategic position as Europe’s go-to cybersecurity company,” says Erik Bertman, CEO of Conscia Group. “Dubex adds deep security capabilities and a culture of leadership and excellence that aligns with our values. By combining their focused services with our pan-European platform, we can scale our leading cybersecurity capabilities and respond to rapidly evolving cyber threats more effectively.”

Dubex has a proven track record of more than 25 years dedicated to cybersecurity with a strong service offering across Governance, Risk & Compliance, Security Operations, Managed Security Services (including SIEM, MDR, and EDR), Incident Response, Offensive Security, and cybersecurity training. Dubex brings immediate scale to Conscia’s cybersecurity operations, both in terms of people and service breadth. With more than 80 specialists joining, including a high-capacity Security Operations Center (SOC), the Group significantly boosts its delivery power.

“Conscia Denmark now firmly establishes itself as a comprehensive cybersecurity partner. By integrating Dubex’s strong brand and capabilities in high-trust areas like incident response and offensive security, Conscia is positioned to be the first call when critical threats emerge. This significantly enhances our relevance and visibility among enterprise and public sector clients,” says Martin Høyer, General Manager of Conscia Denmark. “We’re excited to welcome a team that shares both our dedicated customer focus and strong technical DNA, and I look forward to working together with Dubex’s leadership to the benefit of customers from both companies.”

Dubex’s service offering and focus on cybersecurity fits well with Conscia’s scalable operational model while maintaining continuity in leadership, organisation and customer relationships.

“Joining Conscia is a natural step for us. We’ve always prioritized technical excellence and close customer partnerships – values we know Conscia shares,” says Gorm Mandsberg, co-founder and CEO of Dubex. “With access to new resources and broader capabilities, we can expand our impact and continue to lead in the cybersecurity field for our clients.”

The parties have agreed not to disclose financial details of the transaction and completion is subject to regulatory approval and customary closing conditions.

Press contacts:

Conscia Group
Daniel Siberg, Chief Sales & Marketing Officer
Phone: +46 734 082 778
Email: dasi@conscia.com

Conscia Denmark
Janne Rumle Becker, Communications- & Marketing Director
Phone: +45 51 29 32 20
Email: jbc@conscia.com

‍About Conscia

Conscia is a pan-European leader in cybersecurity and managed services for mission-critical IT infrastructure. Conscia secures and runs complex digital infrastructure for large organisations in an increasingly digital world facing rising threats and vulnerabilities. With global expertise and a local presence, Conscia designs, delivers, and manages cybersecurity, networking, hybrid cloud, and observability solutions that keep systems protected, connected, and high-performing. By safeguarding critical data and operations, Conscia ensures organisations stay resilient and prepared for what’s next – empowering them to secure progress. Founded in Denmark in 2003 and backed by private equity investor Nordic Capital, Conscia has grown into a pan-European leader. Headquartered in Denmark, the company now employs more than 1,400 people across Belgium, Finland, Germany, Ireland, Norway, Slovenia, Sweden, the Netherlands, and the UK, serving clients in multiple sectors including finance, healthcare, manufacturing, utilities, retail, and the public sector.

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Proofpoint Signs Definitive Agreement to Acquire Hornetsecurity

Thomabravo

Strategic acquisition marks significant milestone in advancing Proofpoint’s mission to deliver human-centric security solutions to businesses of all sizes across the globe

 Hornetsecurity will leverage Proofpoint’s capabilities to extend its reach and impact with Managed Service Providers (MSPs) globally with their unique cloud security solution for M365

Sunnyvale, Calif. and Hanover, GermanyProofpoint, Inc., a leading cybersecurity and compliance company, today announced it has entered into a definitive agreement to acquire Hornetsecurity Group, a leading pan-European provider of AI-powered Microsoft 365 (M365) security, data protection, compliance, and security awareness services.

The acquisition significantly enhances Proofpoint’s ability to provide human-centric security to small and mid-sized businesses (SMBs) globally through managed service providers (MSPs), further enabling all organizations to protect their people and defend their data. By combining Proofpoint’s global leadership with Hornetsecurity’s deep expertise in the MSP ecosystem, the two companies will advance their shared mission to protect organizations of all sizes and the people behind them.

Hornetsecurity brings a high-performing business into the Proofpoint portfolio with over $160 million in annual recurring revenue (ARR), more than 20 percent year-over-year growth, and performance above the Rule of 60 – an indicator of healthy market demand and exceptional business operations at scale.

Hornetsecurity and Proofpoint deliver world-class solutions servicing distinct segments of the market; Hornetsecurity provides solutions to over 12,000 channel partners and MSPs and more than 125,000 SMBs across Europe, while Proofpoint has established itself as a global leader in enterprise-grade security, trusted by 85 percent of the Fortune 100 and over half of the Fortune 1000. Together, the companies will deliver complementary, purpose-built platforms fueled by shared threat intelligence to serve every customer across the globe with a powerful new standard in human-centric security.

“As attackers grow more sophisticated and people remain the primary target, organizations need security that protects them wherever they work—across email, cloud applications, and every digital channel,” said Sumit Dhawan, CEO of Proofpoint. “With the addition of Hornetsecurity, we’re excited to extend our industry-leading, human-centric security platform to better serve the unique needs of MSPs and SMBs. We look forward to deepening our investment in the European markets as part of our global growth strategy.”

“Hornetsecurity’s AI-powered security platform enables thousands of MSPs to deliver enterprise-grade protection to their SMB customers across Europe,” said Daniel Hofmann, founder and CEO of Hornetsecurity. “With the breadth of human-centric risks only growing, joining Proofpoint is a natural next step in our journey to build the strongest global offering of M365 security services. By coming together, we can better serve our partners and customers and extend that protection globally to help MSPs everywhere safeguard their customers’ people, data, and operations.”

With M365 at the center of how many businesses operate, it has also become a top target for attackers. Proofpoint’s recently expanded partnership with Microsoft supports scalable innovation and delivers human-centric security to help mutual customers proactively detect and mitigate threats targeting people and the data they work with.

Hornetsecurity’s flagship product, 365 Total Protection, is the most comprehensive cloud security solution for M365, giving MSPs a multi-tenant, unified platform to deliver integrated services including advanced email security, backup, security awareness, access and permission control, and domain fraud protection. The Hornetsecurity team will continue to drive innovation across their Total Protection product platform to deliver additional innovative solutions to their partners and customers. Through the combination of shared threat intelligence and AI models, both Proofpoint and Hornetsecurity customers and partners will benefit from improved efficacy of their leading detection ensembles against threat actors.

Upon closing, Proofpoint intends to leverage its global reach to make the power of the Hornetsecurity platform available for MSPs and their customers worldwide – advancing the shared mission of protecting every organization’s people, data and operations. Hornetsecurity will serve as the central hub for all MSP and SMB customers within the group—ensuring a unified approach, enhanced service delivery, and accelerated innovation tailored to the needs of these key customer segments.

Hornetsecurity’s CEO Daniel Hofmann will remain at the helm of the company, continuing to drive its strategic growth and vision. The management team will remain on board, championing the company’s vision and proven product strategy—while accelerating innovation to deliver the next generation of cybersecurity solutions.

The acquisition is expected to close in the second half of 2025, subject to customary closing conditions. Terms of the deal are confidential.

###

About Proofpoint, Inc.

Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Leading organizations of all sizes, including 85 percent of the Fortune 100, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. More information is available at www.proofpoint.com.

About Hornetsecurity Group

Hornetsecurity is a leading global provider of next-generation cloud-based security, compliance, backup, and security awareness solutions that help companies and organizations of all sizes around the world. Its flagship product, 365 Total Protection, is the most comprehensive cloud security solution for Microsoft 365 on the market. Driven by innovation and cybersecurity excellence, Hornetsecurity is building a safer digital future and sustainable security cultures with its award-winning portfolio. Hornetsecurity operates in more than 120 countries through its international distribution network of 12,000+ channel partners and MSPs. Its premium services are used by more than 125,000 customers. For more information, visit www.hornetsecurity.com.

Read the release on the Proofpoint website here.

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Hornetsecurity to join Proofpoint, creating a leading global cybersecurity platform

TA associates

Hanover, Germany – Leading global investment firms TA Associates (“TA”), PSG Equity (“PSG”) and Verdane, are pleased to announce that their portfolio company Hornetsecurity Group (“Hornetsecurity”) has today entered into a definitive agreement to be acquired by Proofpoint, Inc. (“Proofpoint”).

Hornetsecurity is a global provider of comprehensive AI-powered M365 security, data protection, compliance, and security awareness solutions. Driven by innovation and cybersecurity excellence, Hornetsecurity is helping to build a safer digital future and sustainable security cultures with its award-winning product portfolio. The Company operates in more than 120 countries and serves more than 125,000 customers through its international distribution network of over 12,000 channel partners and Managed Service Providers (“MSPs”).

The acquisition will significantly enhance Proofpoint’s ability to provide human-centric security to small and mid-sized businesses (“SMBs”) globally through MSPs, further enabling all organisations to protect their people and defend their data. By combining Proofpoint’s global leadership with Hornetsecurity’s deep expertise in the MSP ecosystem, the two companies will together advance their shared mission to help protect organisations of all sizes and the people behind them.

“Hornetsecurity’s AI-powered security platform enables thousands of MSPs to deliver enterprise-grade protection to their SMB customers across Europe,” said Daniel Hofmann, founder and CEO of Hornetsecurity. “With the breadth of human-centric risks only growing, joining Proofpoint is a natural next step in our journey to build the strongest global offering of M365 security services. By coming together, we can better serve our partners and customers and extend that protection globally to help MSPs safeguard their customers’ people, data, and operations.”

Hornetsecurity will bring a high-performing business into the Proofpoint portfolio with over $160 million in annual recurring revenue (“ARR”), more than 20 percent year-over-year growth, and performance above the Rule of 60.

Verdane invested in Hornetsecurity in 2016 with PSG investing in 2020 and TA becoming a shareholder in 2022. Since 2016, the company has completed nine acquisitions to expand its cloud cyber security offering, adding cloud back-up solutions and security awareness training, among others.

“Over the past three years, it has been a privilege to collaborate with Hornetsecurity’s talented and impressive team, working closely with PSG and Verdane to build on the company’s leading position. We’re proud of what we’ve accomplished together, and believe Hornetsecurity is well-equipped to further extend its reach and impact as part of Proofpoint,” said Morgan Seigler, Managing Director at TA, and Stefan Dandl, Director at TA.

“We are proud to have supported Daniel Hofmann and the entire Hornetsecurity management team since our initial investment in 2020, scaling the business more than tenfold through a critical phase of growth alongside TA and Verdane. Hornetsecurity is exactly the kind of business that PSG likes to partner with and reflects our strong conviction in cybersecurity, the robust potential of the industry and structural tailwinds driving demand for next-generation cyber security solutions. It has been a privilege to support the Hornetsecurity team on its journey to becoming a European leader and now global cybersecurity champion. We are confident the company is exceptionally well-positioned for its next chapter of growth” said Dany Rammal, Managing Director and Head of PSG in Europe, and Christian Stein, Managing Director.

“Our journey with the Hornetsecurity team began in 2016 with the ambition to create a leader in what is today an AI-powered M365 security platform. It has been a great privilege to work with and support Daniel Hofmann and the Hornetsecurity team over the years through multiple acquisitions and reinvestments from Verdane. We are very pleased with this outcome welcoming Proofpoint as new owners”, said Emanuel Johnsson, Partner at Verdane.

The acquisition is expected to close in the second half of 2025, subject to customary closing conditions.

Arma Partners acted as exclusive financial advisor to Hornetsecurity, TA, PSG and Verdane. Latham & Watkins acted as legal counsel to Hornetsecurity and Hengeler Mueller acted as legal counsel to the management of Hornetsecurity.

About Hornetsecurity Group
Hornetsecurity is a leading global provider of next-generation cloud-based security, compliance, backup, and security awareness solutions that help companies and organisations of all sizes around the world. Its flagship product, 365 Total Protection, is one of the most comprehensive cloud security solutions for Microsoft 365 on the market. Driven by innovation and cybersecurity excellence, Hornetsecurity is building a safer digital future and sustainable security cultures with its award-winning portfolio. Hornetsecurity operates in more than 120 countries through its international distribution network of 12,000+ channel partners and MSPs. Its premium services are used by more than 125,000 customers. For more information, visit www.hornetsecurity.com.

About Proofpoint
Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organisations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber-attacks. Leading organisations of all sizes, including 85 percent of the Fortune 100, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. More information is available at www.proofpoint.com.

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Cegeka opens new Modern Security Operations Center (SOC) in the US

GIMV

From the heart of Europe to global 24/7 cyber resilience.

Cegeka, a leading IT company headquartered in Belgium, is expanding its global network of Security Operations Centers (SOCs) to the United States. The new Modern SOC will operate out of the headquarters of its subsidiary CTG in Buffalo, New York.

This expansion marks a major milestone in Cegeka’s growth and strengthens its ability to provide 24/7 protection against cyberattacks to customers in Europe and beyond. The new SOC is part of Cegeka’s growing Modern SOC network, which integrates advanced technology with human expertise to deliver next-level cybersecurity.
“With this expansion, we can better support our international customers, no matter the time zone,” said Fabrice Wynants, Global VP Cybersecurity & Networking at Cegeka. “Our clients can rely on our 24/7 Managed Detection & Response services, held to the highest standards, wherever they are. This not only offers peace of mind, but also ensures compliance with local data security and privacy regulations.”

Cegeka Modern SOC Network 
The new SOC in Buffalo joins Cegeka’s existing centers in Belgium and Romania, addressing the increasing demand for advanced cybersecurity services. Through its Managed Detection & Response offering, Cegeka helps organizations strengthen their defenses, especially at a time of growing regulatory pressure and a shortage of cybersecurity talent.

“The cybersecurity landscape has changed dramatically,” Wynants added. “Attacks are becoming more complex. Our solutions help customers not only detect threats early, but also respond quickly and recover efficiently. With our Security Observability Dashboard, we give businesses clear insights into their security posture and help boost their cyber resilience. Cybersecurity is no longer just a cost—it’s a strategic asset.”

From cybersecurity to cyber resilience
Cegeka Modern SOC stands apart from traditional SOCs by combining expert analysts with automated processes and detection tools. This results in more effective threat detection, faster response times, and improved recovery. Cegeka also supports organizations in making the critical shift from traditional cybersecurity to full-scale cyber resilience.

“Prevention alone isn’t enough anymore,” said Bart Watteeuw, Executive Vice President Services & Solutions at Cegeka. “In today’s threat environment, it’s not a matter of if an attack will happen, but when. Our solutions equip organizations with the tools and services to detect, respond, and recover—quickly and effectively.”

Ambitious, yet grounded 
“We’re ambitious as a group, but also realistic,” said CEO Stijn Bijnens. “Cyberattacks don’t respect borders, and neither do we. This move is a natural step in our international growth, while staying true to our European roots.”

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Quorum Cyber Continues Expansion in North America with Kivu Consulting Acquisition

Charlesbank

Quorum Cyber expands its Incident Response capabilities by adding digital forensics, business restoration, and ransom negotiations to its service catalogue with the acquisition of the U.S. based company.

Edinburgh, UK and Berkeley, California, U.S. – January 9, 2025 – Quorum Cyber – headquartered in the U.K., with offices across North America and UAE – today announced the acquisition of Kivu Consulting Inc, a leading global cybersecurity firm specializing in Incident Response.

The strategic move bolsters Quorum Cyber’s rapid global expansion, as it comes just months after it acquired Difenda, a North American company that specializes in Microsoft Security Managed Services.

Founded in 2009, Kivu Consulting Inc, or ‘Kivu’, is a trusted partner in the global insurance, legal, and government sectors. The company is a leader in digital forensics, cyber incident response, business restoration, and ransom negotiations. Since its inception, Kivu has helped define the market for response, managed, and advisory services to protect organizations against compromised data, theft of trade secrets, and unauthorized access to data.

Kivu holds established relationships in over 40 Insurance and Legal panels across the U.S. and the U.K. This transformative acquisition not only rapidly expands Quorum Cyber’s presence within these industries, but also provides a robust foundation to strengthen its alliances and cement its status as a premier global threat management firm, renowned for its exceptional incident response capabilities.

In addition, the acquisition of Kivu enables Quorum Cyber to deliver its market-leading threat management services from three operations centers in the U.S., the U.K., and Canada to its customers worldwide.

Federico Charosky, CEO and Founder of Quorum Cyber, stated, “We are incredibly excited to welcome Kivu to Quorum Cyber. Kivu’s reputation for excellence and its strong history in incident response perfectly complement Quorum Cyber’s capabilities.”

Charosky continued, “The integration of Kivu’s stellar incident response teams and U.S.-based SOC, together with Quorum Cyber’s existing U.K., U.S. and Canadian operations, enables us to provide unparalleled 24/7 security coverage. This transaction highlights our rapid growth among incident response and threat management providers globally, reinforcing our commitment to delivering exceptional cybersecurity solutions, throughout North America, the U.K., and beyond.”

Shane Sims, Chief Executive Officer at Kivu, commented, “For the past 15 years, Kivu has leveraged its talent and forensic labs in the U.S. and U.K. to deliver threat intelligence-driven cybersecurity outcomes across every continent, serving organizations in all industries. Our success has been built on trusted partnerships with leaders in insurance, legal, technology, and government – all sharing the same goal of fighting cybercrime. Our acquisition by Quorum Cyber represents a strategic alignment with an organization and team that share our mission, vision, and core values, while immediately scaling our team, capabilities, and services in a big way. This is a natural next step for Kivu, and I am excited about what it means for our employees, clients, and trusted partners.”

Quorum Cyber’s back-to-back acquisitions of Kivu Consulting and Difenda underscore its aggressive growth strategy across North American and U.K. markets. Bolstered by ongoing support from its investors, Charlesbank Capital Partners and Livingbridge, the two acquisitions equip Quorum Cyber with the resources to strategically expand its service offerings and customer reach. The integration of Kivu’s incident response expertise and connections, coupled with Difenda’s managed services capabilities, marks a significant step in Quorum Cyber’s mission of asserting its market presence globally.

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Truesec Acquires Foresights, a Specialist in Cyber Security Advisory and Intelligence

IK Partners

Stockholm, December 20, 2024

Picture from left to right: Rolf Rosenvinge, CEO Foresights; Anna Averud, CEO Truesec Group; Marcus Murray, Founder Truesec.

Truesec announces the acquisition of Foresights, a company specializing in cyber advisory and intelligence.

The combination of Truesec and Foresights will provide decision-makers and organizations with unique insights and tools to manage business risks.

35% of European enterprises will have dedicated budgets for cyber risk mitigation for the first time this year. This trend is driven by increased cyber threats and the need to protect against revenue loss, operational disruption, and reputational damage caused by these threats

Organizations are facing rapidly increased risks due to the current geopolitical landscape, digitization, and maturing cyber threats.

Decision makers are in urgent need of efficient solutions to navigate and mitigate cyber risks. The acquisition of Foresights is a key component in Truesec’s strategy to provide sustainability and resilience to organizations.

Foresights has an impressive track record and unique expertise in the industry. Together, Truesec and Foresights will provide unparalleled insights, advisory, and intelligence to the market.

“The market is seeking executive advisory and intelligence solutions within cyber. Everyone deserves maximum value for their cyber investments. We are very pleased to welcome Foresights to Truesec,” says Anna Averud, CEO Truesec Group.

Foresights’ founder and CEO, Rolf Rosenvinge, adds, “By becoming part of Truesec, we can combine our strategic insights and understanding of business risk with Truesec’s deep technical expertise and extensive knowledge of the cyber threat landscape. This mix will give our customers a true advantage against adversaries”.

The acquisition means that Foresights employees will be integrated into Truesec’s organization, and collaboration between the two companies will begin immediately.


Contacts

Anna Averud
CEO, Truesec Group
Email: anna.averud@truesec.com
Phone: +46-70 918 30 48

Jennie Mattar
CMO, Truesec Group
Email: jennie.mattar@truesec.com
Phone: +46-72 858 88 78

About Truesec

Truesec is an international cybersecurity company that offers market-leading managed services, incident management, and expert consulting services. Truesec operates the largest Security Operations Center (SOC) in the Nordics and has conducted over 35,000 hours of incident management in the past year. The company’s goal is to Prevent Breach and minimize impact. Since 2005, Truesec has delivered advanced security solutions to clients in both the private and public sectors worldwide. Today, the company comprises over 330 cyber specialists with deep expertise and a leading role in cybersecurity in the Nordics. For more information, visit Truesec.com.

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NSEIT Technology Business Rebrands as NuSummit, Ushering in a New Era of Global Innovation

Investcorp

A leading technology solutions provider NSEIT today announced the rebranding of its technology business to NuSummit, marking a transformative milestone in the company’s evolution as a strategic services provider with deep domain expertise. NuSummit, backed by leading global alternative investment firm Investcorp, aims to establish itself as a modern, global technology powerhouse committed to driving digital transformation across the BFSI sector and other industries.

This rebranding is part of a journey that began with the National Stock Exchange’s (NSE) divestment of NSEIT’s technology business to Investcorp in April 2024. The transaction excludes the digital examinations business that is also housed inside NSEIT. The launch of NuSummit will lay out the foundation for a powerful, unified brand with strengths in advanced cybersecurity, cloud transformation, app modernization, AI and data-driven solutions. Aujas Cybersecurity, an acquisition by NSEIT specializing in providing end-to-end cybersecurity services and solutions across industries, will now operate as ‘A NuSummit Company.’

Announcing the brand’s new identity, Mr Anantharaman Sreenivasan, Managing Director & Group Chief Executive Officer, NuSummit, said, “NuSummit symbolizes our commitment to helping clients achieve their peak potential. We are not just rebranding; we are reimagining how technology can orchestrate meaningful and measurable outcomes that empower businesses to meet and capitalize on the opportunities presented by the digital and AI-driven business landscape. With a strong focus on cybersecurity, we ensure that businesses remain secure while advancing their digital transformation. Backed by Investcorp’s strategic vision and resources, NuSummit is now positioned to enter new geographies and industries. We aspire to be the strategic technology partner for companies worldwide, trusted for delivering business-critical services and solutions. Our customers can rely on us to deliver future-ready, thorough, and robust systems and processes that enhance efficiency and scalability.”

Mr Varun Laul, Partner at Investcorp, added, “We are pleased to be NuSummit’s partner in their ambitious goals to unlock transformative value through technology. NuSummit is uniquely positioned in the market with its cutting-edge solutions. We will be closely working with the NuSummit team as they explore newer geographies offering innovative and tailored solutions to modernize their IT landscapes, with a focus on tangible business outcomes.”

NuSummit is a leading provider of advanced digital transformation and cybersecurity services across industries. Its core focus is on global customers in capital markets, insurance, and banking. NSEIT has a strong presence in India, North America, and the Middle East.

Over the next five years, NuSummit aims to be the partner of choice, particularly for BFSI organizations that aim to leverage technology as a business differentiator by adopting AI-led modernization and digital transformation, and zero-trust cybersecurity.

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