January 12, 2021
Hornetsecurity has acquired Altaro, a global backup provider and Veeam rival.
Based in Germany, Hornetsecurity is the leading email security provider in Europe. It operates in more than 30 countries. Its services are sold through its international channel partner network and used by more than 40,000 customers.
The companies aren’t disclosing financial details of the acquisition.
Altaro’s Stephen Chetcut Bonavita
Stephen Chetcuti Bonavita is Altaro‘s co-founder and chief commercial officer.
“Partners who sell backup solutions also typically sell email security solutions,” he said. “It would be more convenient for a partner to get both types of offerings from a single vendor. By joining forces through this acquisition, Hornetsecurity and Altaro will now be in a position to meet that need.”
Altaro develops backup solutions for Hyper-V, VMware, physical servers, network endpoints and Microsoft Office 365. Those complement Hornetsecurity’s email and compliance solutions, particularly in the sphere of Microsoft 365 environments, Altaro said.
“As we integrate Altaro’s backup solutions into Hornetsecurity’s product portfolio, we can provide customers with a comprehensive data protection package,” Chetcuti Bonavita said. “This will enable our channel partners to provide their customers with a complete security and compliance solution for their cloud technologies.”
The Right Strategic Buyer
Hornetsecurity was “exactly the right strategic buyer” for Altaro, Chetcuti Bonavita said.
“Our combined know how and experience, and the innovative combination of our product suites places us in good stead to become Europe’s No. 1 security, compliance and backup provider,” he said. “Our goal is to make our partners’ and customers’ lives easier and this applies here, too. While it is too early to provide exact details, we are channel-focused and that will continue to drive what we do.”
Hornetsecurity’s Daniel Blank
Daniel Blank is Hornetsecurity’s COO.
“MSPs and IT outsourcers are rapidly expanding their cloud architectures and services,” he said. “With the acquisition of Altaro, we are not only expanding our security services for M365, but also responding to our channel’s growing need for Hyper-V and VMware backup solutions. Altaro’s 100% commitment to the channel, its partners’ clear respect of their technical support, and their excellent product were key factors in our decision. The acquisition will also strengthen our international marketing and sales. Together, we will strengthen and expand our partner networks, which will further boost growth of the entire Hornetsecurity Group.”
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