Swiss Post, the Swiss postal service provider, has acquired Tresorit, a Hungarian-based secure cloud storage company, to enhance its data security portfolio. The acquisition closed on July 8, 2021.
| Acquirer | Target | Value | Type | Close Date |
|---|---|---|---|---|
| Swiss Post (CH) | Tresorit (HU) | Undisclosed | Acquisition | July 8, 2021 |
The deal sees Swiss Post expanding its digital services offerings by integrating Tresorit’s end-to-end encrypted cloud storage solutions. This move is part of a broader strategy to bolster data security and privacy in an increasingly digitized environment.
Deal Rationale
Swiss Post aims to leverage Tresorit's proprietary technology, which ensures complete user control over encryption keys, thereby protecting against unauthorized access. By adding Tresorit’s capabilities to its service portfolio, Swiss Post seeks to cater to a growing demand for robust data protection solutions among businesses and individuals.
Financial Context
The financial details of the acquisition have not been disclosed. However, analysts believe that this strategic move aligns with Swiss Post's long-term vision to strengthen its cybersecurity services in line with regulatory requirements and customer expectations for secure data management.
Advisors
The transaction did not involve the disclosure of financial or legal advisors on either side. Tresorit will continue operating as an independent unit under the Swiss Post Group, maintaining its brand identity and service offerings.
Outlook
With the integration of Tresorit’s technology, Swiss Post is positioned to offer a competitive edge in secure cloud storage solutions. The company plans to continue supporting the growth of Tresorit's business while expanding its own digital services portfolio to meet evolving customer needs.