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ALTARO – award winning Maltese startup founded in 2009 has been acquired by Hornetsecurity

Hornetsecurity is the leading German email cloud security provider in Europe, which protects the IT infrastructure, digital communication and data.

After acquiring Spamina, the Spanish market leader for cloud email security solutions in January 2019 and EveryCloud, the British market partner, at the beginning of 2020; Hornetsecurity is now delivering a new product segment that complements its services—reliable backup solutions.

ALTARO acquisition (in January 2021) contributes towards Hornetsecurity strategic goal – becoming a fully comprehensive security provider for Microsoft 365.

The combined capabilities of the two companies will result in more powerful offerings for organizations around the world. Altaro creates backup solutions for Hyper-V, VMware, physical servers, network endpoints, and Microsoft Office 365. These features complement Hornetsecurity’s email and compliance solutions, especially in the sphere of Microsoft 365 environments (solutionsreview.com).

Daniel Hofmann, CEO of Hornetsecurity said: “Our goal is to provide organizations with a complete security and compliance solution for their cloud technologies. By integrating Altaro’s backup solutions into Hornetsecurity’s product portfolio, we can provide a comprehensive package to protect customer data.”(hornetsecurity.com)

David Vella, CEO of Altaro, added: “We have found exactly the right strategic buyer in Hornetsecurity and are delighted to become part of the group. The synergies between the two companies are obvious, and with the combination of know-how and experience as well as the innovative combination of products, Hornetsecurity’s European market leadership in cloud security reaches a new level.“(altaro.com)

Stephen Chetcuti Bonavita is Altaro‘s co-founder and chief commercial officer explained: “Partners who sell backup solutions also typically sell email security solutions; 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.” (channelfutures.com)

4 Altaro founders
ALTARO founders – From left to right: David Vella, Julian Pace Ross, Simon Attard, Stephen Chetcuti Bonavita

The transaction is supported by Hornetsecurity’s shareholders PSG, a leading growth equity firm partnering with lower middle-market software and technology-enabled service companies, and Verdane, the specialist Northern European growth equity investor. Financial terms of the transaction have not been disclosed (privateequitywire.co.uk).

About Altaro

Altaro develops award-winning backup solutions for managed service providers (MSPs), IT resellers and companies. With 50,000+ customers in 121+ countries, 10,000 partners and 2,000+ MSPs, Altaro provides affordable, easy-to-use, enterprise-class functionality coupled with outstanding 24/7 tech support. Altaro is a one-stop-shop for all your backup and recovery needs, providing solutions for all key areas of your network, including Hyper-V and VMware virtual environments; Microsoft Office 365 mailboxes, OneDrive and SharePoint; roaming and on-premise endpoints such as network desktops and laptops; and physical Windows servers. Altaro also offers monthly subscription programs for MSPs, and is the only vendor on the market that enables MSPs to manage all their different types of backups from one central multi-tenant console, across all their customers. The company has offices in the US, the UK, Germany, France, North Macedonia and Malta.

Altaro Timeline

[All pictures used in the article are property of Altaro Software]