secunet Security Networks AG acquires cloud specialist SysEleven GmbH
German cybersecurity firm secunet Security Networks AG has acquired cloud specialist SysEleven GmbH. The acquisition is set to significantly enhance secunet's offerings in cloud solutions and cloud security.
secunet Security Networks AG, a German cybersecurity company, announced today that it has acquired 100 percent of the shares in SysEleven GmbH. The acquisition is expected to substantially strengthen secunet's solutions in the areas of cloud infrastructure and related security services.
SysEleven is an independent German provider of cloud infrastructure, managed services, and Kubernetes solutions. The company operates its own open-source-based cloud infrastructure with ISO27001-certified data centers in Germany. Its offerings also include the MetaKube platform for managing Kubernetes environments.
Axel Deininger, CEO of secunet, stated that the acquisition will accelerate secunet's activities in the rapidly growing cloud infrastructure market. He noted that the company will strengthen its technological position and gain a team of qualified experts in open-source and Kubernetes technologies.
Founded in 2007, SysEleven employs over 100 people and is headquartered in Berlin. The company serves more than 175 customers in the DACH region, focusing on clients who value security and independence. SysEleven is also part of the GAIA-X initiative. The company's management will continue its operational leadership under secunet's ownership. The purchase price is approximately 50 million euros, with potential performance-based earn-outs of up to 15 million euros extending into 2024. SysEleven's revenue for 2021 was around 15 million euros.