Proofpoint, Inc. has announced its acquisition of Hornetsecurity Group, enhancing its cybersecurity offerings for SMBs through AI-powered Microsoft 365 security solutions.
Information on the Target
Proofpoint, Inc., a prominent cybersecurity and compliance firm, has announced its acquisition of Hornetsecurity Group, a leading provider of AI-driven security solutions for Microsoft 365 (M365), based in Hanover, Germany. Hornetsecurity is recognized for its innovative cloud security offerings that serve over 12,000 channel partners and Managed Service Providers (MSPs), serving more than 125,000 small and medium-sized businesses (SMBs) across Europe. With an impressive $160 million in annual recurring revenue (ARR) and over 20% year-over-year growth, Hornetsecurity exemplifies strong market demand and optimized operational performance.
This acquisition aims to enhance Proofpoint's ability to deliver human-centric security tailored for small and mid-sized businesses globally, reinforcing their commitment to protecting people and data in an increasingly digital landscape. Combining their expertise will enable both companies to offer advanced security solutions catering to varied market segments.
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Industry Overview in Germany
The cybersecurity industry in Germany is experiencing rapid growth, driven by increasing digitalization across sectors. With M365 becoming a central operational hub for many businesses, its security has su
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Disclosed details
Revenue: $160M