ReeVo, leading European Managed Security Service Provider (MSSP), has announced the acquisition of Hispasec Sistemas S.L. (Hispasec), based at Málaga TechPark.
Through the acquisition of Hispasec, a leading Spanish cybersecurity firm currently serving more than 300 clients across Spain and Latin America, ReeVo reinforces its commitment to becoming a key player in the Spanish market, particularly among small and medium-sized enterprises (SMEs).
This acquisition represents a significant milestone in ReeVo’s international expansion and mergers and acquisitions (M&A) strategy, which aims to triple the company’s revenue by 2030. In addition, it is ReeVo’s first M&A operation in Spain, building on its already existing local presence, and marks the company’s second acquisition outside Italy and its fifth in the past two years.
The combination of Hispasec’s assets and expertise with ReeVo’s scalability, as well as its technical and financial strength, will enhance the cybersecurity services offered to the market while preserving close local engagement with clients at the same time.
As a result of the transaction, Hispasec’s customers will benefit from cutting-edge technologies, continuous R&D investment, AI-driven defence capabilities, and secure, sovereign-by-design cloud solutions, delivering enterprise-grade protection to medium-sized businesses across Europe.
Drivers and Outcomes of the Transaction
This operation marks a turning point in the long-standing relationship between Hispasec and ReeVo, delivering a range of results and advantages:
- Growth trajectory: The acquisition provides Hispasec the confidence needed to scale and grow sustainably, while enabling ReeVo to integrate advanced cybersecurity consulting services at the same time.
- Market demand response: Hispasec and ReeVo’s joining of forces addresses the growing demand for advanced cybersecurity and managed security consulting services, particularly among SMEs.
- Local proximity with global strength: Hispasec’s established presence in Spain and Latin America is strengthened by ReeVo’s European footprint, investment capacity, R&D focus, and scalability.
- Combined proposal: ReeVo’s recognised 24/7 SOC and Hispasec’s robust cybersecurity consulting portfolio strengthens clients’ security and data protection capabilities.
- Expanded teams: Clients will benefit from ReeVo and Hispasec’s large, international team of cybersecurity experts and analysts.
- Client-centric approach: Tailored consulting and managed security services designed to address the specific challenges faced by SMEs.
- Use of sovereign and certified cloud services: Hispasec’s clients will gain access to a wide range of internationally certified cloud services.
According to Salvatore Giannetto, Co-CEO of ReeVo, “We immediately found in Hispasec a strong alignment of values and vision. Its cybersecurity services and the proven expertise of Hispasec’s team are key drivers for our growth, both internationally and in the Spanish market.”
Likewise, Julien Antoine, ReeVo’s International Chief Revenue Officer, added: “We are delighted to welcome Hispasec’s team, a group of entrepreneurs and professionals who live and breathe SOC and threat intelligence. Together, we will enhance our solutions and deliver greater value to our clients. Hispasec has become our launch platform for scaling in Spain as we move towards €200 million in European revenue, while continuing to prioritise simplicity, measurable results, and local proximity.”
An Alliance that Strengthens Cybersecurity
This alliance represents a natural step in Hispasec’s evolution. Miguel Manteca, CEO of Hispasec, commented: “As a leading cybersecurity firm in Spain, we have always prioritised technical excellence and close client relationships. This alliance allows us to project that legacy at a European level. We are excited to combine our advanced consulting and threat detection expertise with ReeVo’s sovereign infrastructure, offering our clients in Spain and Latin America unprecedented protection within a trusted European framework.”
On this matter, Antonio Román, shareholder of Hispasec, stated: “After 26 years at the helm of Hispasec, this marks the end of a chapter defined by the project’s growth and consolidation. I would like to thank the entire team for their professionalism, commitment and continuous contributions, key factors in achieving our goals over the years.” He added that “the company’s development has been the result of a sustained collective effort, for which I express my most sincere gratitude.”
ReeVo was advised by Livingstone as M&A advisor; Bufete Barrilero as lead legal advisor for legal and labour due diligence; Giovannelli e Associati for legal support; and Deloitte Italy for financial and tax due diligence. Likewise, Hispasec received advisory services from Deloitte Spain as M&A advisor and for financial, legal, tax and labour due diligence, as well as Baker McKenzie as legal advisor.
ReeVo’s Future Plans
ReeVo will continue to pursue strategic alliances and acquisitions to expand its presence in key European markets, with a focus on MSSP services and cloud-native security solutions for medium-sized enterprises.