Hornetsecurity Group, a Hanover, Germany-based cloud email security provider, acquired Zerospam, a Montreal, Canada-based email protection company.
The amount of the deal was not disclosed. The transaction was supported by Hornetsecurity’s shareholders PSG, a growth equity firm partnering with middle-market software and technology-enabled service companies, and Verdane, a Northern European growth equity investor.
With the acquisition, Hornetsecurity aims to extend its reach in the North American market.
Led by David Poellhuber, President and Founder, Zerospam provides cloud-based email security solutions to the SMB market across North America, helping them block unwanted emails and combat cybercriminals. The company currently serves more than 4,000 small, midsized and enterprise customers worldwide via an ecosystem of 400+ partners focused primarily on Canada and the US.
Led by Daniel Hofmann, CEO, and Daniel Blank, COO, Hornetsecurity is an email cloud security and backup provider, which protects the IT infrastructure, digital communication and data of companies and organizations of all sizes. The security specialist provides its services worldwide via 9 redundant, secured data centres. Its product portfolio covers all important areas of email security, including spam and virus filters, legally compliant archiving and encryption, defense against CEO fraud and protection against ransomware; as well as backup and recovery. With more than 300 employees, Hornetsecurity operates in more than 30 countries through its international channel partner network and its premium services are used by approximately 40,000 customers.