Hornetsecurity has acquired IT-Seal to enhance its cybersecurity product portfolio and expand international reach, reflecting a strategic alignment in addressing the growing market demand for cybersecurity solutions.
Target Information
Founded in 2016 with the support of EXIST, IT-Seal is a cybersecurity company co-founded by a trio of entrepreneurs who recognized the growing need for enhanced cybersecurity measures. The name 'Seal' reflects both Social Engineering Analysis Labs and the concept of a seal, symbolizing security and trust. The founders perceived a perfect opportunity to launch the business following the completion of their studies, characterized by a willingness to embrace risk without familial obligations.
Initially, IT-Seal focused on selling cybersecurity audits but soon discovered that their employee training programs proved to be more valuable to clients. Companies were not just interested in assessing their security levels; they sought proactive measures to improve their safety. As the team recognized this shift, they adapted their offerings to emphasize the ongoing value of security training.
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Industry Overview in Germany
The cybersecurity industry in Germany is rapidly evolving as businesses across all sectors become increasingly aware of the threats posed by cyberattacks. With a significant rise in data breaches and cyber incidents, organization
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Hornetsecurity
invested in
IT-Seal
in 2022
in a Other VC deal