The veteran Málaga-based company Hispasec Sistemas, considered one of the pioneers of cybersecurity in Spain, has been acquired by the Italian group ReeVo, specializing in cloud services and managed cybersecurity (MSSP). The terms of the deal have not been made public, but it represents a significant move in a European market that is becoming increasingly consolidated, with growing pressure to scale capabilities, talent, and “sovereign” cloud offerings.
What is known about the deal (and what changes from day one)
According to information shared by ReeVo and reported by financial media, this is ReeVo’s first M&A operation in Spain, part of an expansion plan aiming to triple its revenue by 2030 and approach 200 million euros in revenue across Europe.
For Hispasec, the takeaway is twofold: on one hand, it gains backing to compete in an environment where cybersecurity demands ongoing investment (R&D, automation, incident response, compliance); on the other, the company becomes part of a group that aims to operate at a European scale while maintaining—according to their narrative—the “local proximity.”
Operationally, the communicated message indicates continuity: ReeVo presents Hispasec as a foundation for growth in Spain, with a special focus on the mid-market and SMEs, and plans to enhance its offerings with “AI-driven defenses” and secure, “sovereign-by-design” cloud options.
A brand with a history in the Spanish ecosystem
Hispasec is well-known in the industry for its over two decades of experience and for being linked to the genesis of initiatives that marked milestones in Internet security from Málaga, such as VirusTotal (a project created in its environment and later acquired by Google).
Public communications have included internal messages of gratitude to the team and founding members, along with a recurring theme: the change is viewed as a “new chapter,” promising integration with ReeVo and expanded capabilities for the end customer.
ReeVo: why acquire in Spain now
The deal comes at a time when many European cybersecurity and cloud providers are seeking critical mass to respond to three key forces:
- Customer demands increasing: more compliance, more traceability, greater resilience, and shorter response times.
- Managed services: the MSSP model is gaining ground because many organizations cannot provide 24×7 coverage with their own teams.
- Sovereignty and localization: demand is growing for infrastructures and services with regional control and European frameworks.
Additionally, ReeVo is supported by top-tier venture capital and has announced significant financing in recent months, which explains its capacity to execute acquisitions and consolidate.
Frequently Asked Questions
Will Hispasec disappear after the acquisition?
Not necessarily. In such transactions, it is common to retain the brand, team, and local operations—at least in the short term—while integrating the group’s catalog, processes, and capabilities.
What does a customer gain from such an acquisition?
Typically, access to more investment in R&D, expanded managed services (SOC/MDR), and the ability to integrate cloud and cybersecurity as a combined offering, with greater operational strength.
Why are cybersecurity companies consolidating so much?
Because the cost of operating effectively (talent, tools, automation, compliance, 24×7 coverage) increases every year, and scaling helps distribute those costs and cover more use cases quickly.
Are the figures of the operation known?
Not yet: the financial terms have not been publicly disclosed in the available information.
via: LinkedIn