The acquisition enables the HDI Group to offer cyber insurance policies and cyber security concepts, alongside other services from a single source
HDI Group acquires Perseus. (Credit: Pixabay/TheDigitalWay.)
The HDI Group has taken over Berlin-based Perseus Technologies GmbH. The start-up has specialised in the prevention of cyber risks and emergency cyber assistance. The acquisition enables the HDI Group to offer cyber insurance policies and cyber security concepts, alongside other services from a single source. The objective is to develop the business model of Perseus on an ongoing basis. The company will continue to be led by Richard Renner, who has been the Managing Director of Perseus since November 2018.
In the area of Cyber, the HDI Group has successful operations as a major industrial insurer and in the corporate customer sector. The acquisition will enable HDI to continue the present collaborative cooperation with Perseus. Since the beginning of 2019, HDI Versicherung AG and HDI Global SE have been partners of Perseus and they have integrated the services of the company in their cyber protection.
The purchase of the company was completed on 1 February 2020. Perseus with the entire workforce of some 35 employees will continue to be based in the Berlin Fintech Hub H:32 and it will retain its status as an independent brand and provider for existing customers and third-party companies.
The previous shareholders were Hannover Rück SE (Hannover Re), also part of the Talanx Group, and finleap, Europe’s leading Fintech ecosystem. They joined forces to build up Perseus and have made a significant contribution to the successful development of the company.
Source: Company Press Release