Swiss Post acquires majority stake in Tresorit
Photo by Daniel Krason / Shutterstock.com
Swiss Post has acquired a majority stake in Swiss-Hungarian company Tresorit, which offers encrypted, cloud-based file sharing and collaboration services, PortfoLion Capital Partners, an early investor in Tresorit, said.
Tresorit's early investors have exited the company, but its founders remain minority owners, PortfoLion said.
The company was founded in 2011, by István Lám and Szilveszter Szebeni, computer science students at the Budapest University of Technology and Economics, and György Szilágyi, a student at Corvinus University of Budapest who brought economics, business, and product development knowledge to the startup.
Tresorit closed its first investment round in 2012, when Euroventures and nine angel investors put EUR 1.5 million into the company. LogMeIn founder Márton Anka joined Tresorit's investors in 2017, and the company raised EUR 11.5 mln in an investment round in 2018 led by 3TS Capital Partners, joined by PortfoLion and Day One Capital.
The company now offers its services to more than 10,000 corporate clients and several hundred thousand private customers. The company has offices in Budapest, Zurich, and Munich.
Tresorit had revenue of EUR 8.2 mln last year, up from EUR 6.5 mln in 2019.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.