HvS-Consulting

NORD Holding Small Cap Fund (“NSC”) acquires a majority stake in HvS-Consulting AG (“HvS”) based in Garching near Munich, as part of an owner buy-out. The founders and board members Michael Hochenrieder and Frank von Stetten will remain significantly involved and will continue to manage HvS operationally in the future. The entry of NORD Holding is intended to expand its market position as a leading cyber security consulting boutique in German-speaking countries and to further secure the dynamic growth of recent years.

HvS is a leading consulting boutique for cyber security and has been supporting international corporations and SMEs in all areas of IT security since its founding in 2002. The cyber security consulting division comprises consulting services, assessments and incident response. Under the IS-FOX product brand, the security awareness division primarily combines training and e-learning courses on topics such as cyber security, data protection and compliance. With more than 50 employees and other specialists in its partner network, HvS supports more than 500 customers, including around half of all DAX companies and hundreds of medium-sized companies.

Based on the steadily increasing relevance and demand for services and solutions in the area of cyber security, successful growth is to be continued together with NORD Holding. The two founders and board members Michael Hochenrieder and Frank von Stetten continue to manage the company; the HvS Consulting portfolio remains the same.

Michael Hochenrieder says: “We are looking forward to starting the next chapter in our company history together with NORD Holding. The topic of cyber security will continue to gain in importance, which is why we want to work together to find highly professional solutions for the worsening threat situation against the backdrop of stricter regulations.” Frank von Stetten continues: “The NORD Holding team met us on equal footing from day one and shares our vision. We have thus found the perfect partner who, with his experience, supports us in the further development of HvS, in particular in setting up the structures and processes required for further company growth..”

Jan Markus Drees, partner at NORD Holding Small Cap, says: “Since its founding, Michael Hochenrieder and Frank von Stetten have made HvS the absolute quality leader in the area of cyber security services and established a unique combination of consulting and awareness solutions. We are delighted to welcome HvS as the second company to our fund.” Johannes Fleck, Principal at NORD Holding Small Cap, comments: “Together, we will continue to drive the company's development forward. In the future, acquisitions may also be included in planning, especially in specialized areas of expertise. We see enormous potential to further develop HvS in a tried and tested way together with the two experienced founders and the motivated and highly qualified employees. ”

On the part of NORD Holding, the transaction was implemented by Jan Markus Drees, Johannes Fleck, Margarita Decker and Sven Langelahn.

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About HVs

Since its founding in 2002, HvS has been a leading security consultancy. With a holistic and pragmatic approach, HvS advises corporations and SMEs in all areas of IT security with the aim of protecting information and preventing cyber attacks. Thanks to many years of experience, HvS offers a wide range of solutions in the area of IT Security and Governance, Risk & Compliance (GRC). These include information security management in accordance with ISO 27001, TISAX® or KRITIS, effective prevention against industrial espionage, incident response, penetration testing, and a variety of training and e-learning on topics such as cyber security, data protection and compliance under the awareness product brand IS-FOX. HvS currently employs more than 50 people and is headquartered in Garching near Munich.