• Acuity advises Hornetsecurity, German market leader in cloud security, on their cross-border acquisition of Spamina

    ACQUISITION

German cloud security expert Hornetsecurity, has announced the acquisition of Spamina, a leading Spanish email security company.

The acquisition will significantly expand its market by extending the international reach of Hornetsecurity throughout Spain as well as providing access to the South American market. Acuity’s Oliver Markl supported and advised Hornetsecurity on this transaction.

Hornetsecurity is the leading German cloud security provider and secures the IT infrastructure, digital communications and data of companies and organisations of all sizes. The product portfolio includes services in the areas of mail security, web security and file security. All of the company’s services can be implemented in a short time and are available around the clock. Around 200 Hornetsecurity employees are located in Germany, Spain, the Netherlands, the USA and South America. Among its customers are KONICA MINOLTA, Bitburger Braugruppe, LVM Versicherung, DEKRA, Melitta and the Otto Group.

Spamina is a European-based IT security company that secures corporate digital communications. Spamina provides a secure communications environment that ensures business continuity, service scalability and cost efficiency. Cloud services range from enterprise-wide secure email platform, enterprise mobile management, email and IM gateway protection, to archiving, encryption and DLP solutions for legal compliances. Spamina was advised by CREA Inversión.

Oliver Dehning, CEO of Hornetsecurity, commented:

“The acquisition of Spamina strengthens our position in the international market. Acuity brought this transaction to our attention and was instrumental in guiding us to an agreement in an entirely new setting – geographic and cultural – for us.”

Richard Baker, Managing Partner at Acuity said:

“Acuity played an instrumental role in this transaction and is testiment to the growing significance our German team has in European technology M&A. The combination of Hornetsecurity and Spamina is the perfect example of where we have been able to add value and bring together two well-matched companies.”

Oliver Markl, Partner at Acuity said:

“It has been a pleasure to work with Oliver, Daniel and Daniel. Hornetsecurity and Spamina are highly complementary and they are well on their way to become a major player in both Europe and Latin America with an exciting future ahead of them.”

“The acquisition of Spamina strengthens our position in the international market. Acuity brought this transaction to our attention and was instrumental in guiding us to an agreement in an entirely new setting – geographic and cultural – for us.”

OLIVER DEHNING | CEO
Hornetsecurity

With a background as M&A banker at J.P. Morgan and a senior private equity professional at mid-market firm Monitor Clipper Partners, Oliver has been exposed for over 20 years to a wide variety of transaction situations with European mid-cap and large cap companies, with a particular focus on software and financial services.

Oliver´s experience is very broad-based: he advised on M&A transactions and equity & debt raises, served on the board of portfolio companies, took operational CFO roles and restructured balance sheets. He also founded and ran his own software company, for which he raised close to EUR 10m. This 360° view allows him to understand everybody´s point of view and priorities when talking to shareholders, management teams and investors, and facilitates finding creative solutions and optimal transaction structures.

Oliver has a Diplôme d´Ingènieur from the Ecole Polytechnique in Paris and a diploma in international relations from Johns Hopkins SAIS in Bologna. He has lived in France, Germany, Austria, the UK and the US, and speaks mother tongue level German and French, as well as decent Italian and Spanish. He currently serves on the board of Reverse Logistics Group in Munich.

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