The deal was sponsored by a consortium of investors comprising Providence Strategic Growth Equity, TA Associates, and Verdane Capital Advisors.

Vade and Hornetsecurity began working at the end of 2023 to merge their products and teams, and they expect the integration work will be complete by the end of 2024.

Hornetsecurity is a leading global provider of next-generation cloud-based security, compliance, backup, and security awareness solutions that help companies and organisations of all sizes around the world.

Vade is a global leader in threat detection and response with an innovative approach to cybersecurity which helps ISPs, telcos, SMBs, and enterprises around the world protect their most critical data and supply chains.