Private equity firm makes major investment in Logpoint

Summa Equity has announced the acquisition of a majority stake in Logpoint, the cybersecurity operations platform provider.

Summa has a proven track record of incorporating the UN Sustainable Development Goals (SDGs) framework in shaping value creation strategy to drive long term value. By investing in Logpoint, Summa is addressing a major global challenge, with cybersecurity incidents estimated to cost the global economy €7.6tn annually in 2023.

Founded in Denmark and present in 11 locations across Europe, the US and Asia, Logpoint is the only major European provider of foundational SIEM, UEBA, SOAR and SAP security technologies converged into a complete platform.

“By taking a majority stake in Logpoint, we are investing in securing the global tech-enabled transformation, which is vital to reaching most of our sustainable development goals,” said Christian Melby, Equity Partner and CIO, Summa.

“It is an investment in European cybersecurity resilience, ensuring that the technology to secure digital infrastructures thrives in Europe. Logpoint will serve as the platform for building a European cybersecurity powerhouse, as an alternative to the dominating US vendors.”

Jesper Zerlang, CEO, Logpoint added: “We are at a historical tipping point where the digital transformation is key to our collective future and prosperity.

“This foundational transformation is threatened by increasingly aggressive adversaries, organised crime and state-sponsored actors. The war in Ukraine, the energy crisis and the COVID-pandemic have made us realise our vulnerabilities, and advanced cyber-technology is a core element in securing the transformation.

“In partnership with Summa, we will create the strongest European cybersecurity company with global reach, making this technology available to organisations of all sizes.”

The investment is subject to final regulatory approval which is expected in Q2 2023.