The thematic investment firm Summa has acquired a majority stake in FAST LTA with the ambition of building a new sustainable champion in secure and compliant data storage. Summa\u2019s acquisition will allow FAST LTA to continue the strong historic growth trajectory while exploring adjacent and international growth opportunities. This will further strengthen the competitive edge of FAST LTA and position the company as a champion for highly secure and compliant data storage and archiving solutions.<\/p>\n
Headquartered in Munich, Germany with around 100 employees, FAST LTA is a solution provider offering cutting edge high-security storage for archiving and backup & recovery of business critical and sensitive data. The protection of valuable data is a fundamental right that is increasingly under threat. With both software and hardware solutions to ensure protection against e.g., ransomware and other cybersecurity challenges, FAST LTA specializes in providing zero loss storage solutions.<\/p>\n
Founded in 2016, Summa is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges. Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. The investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society. The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Partnerships are part of Summa\u2019s DNA, exemplified by being a certified B Corporation and collaborating with Harvard Business School and the International Foundation for Valuing Impacts (IFVI).<\/p>\n
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The Deal The thematic investment firm Summa has acquired a majority stake in FAST LTA with the ambition of building a new sustainable champion in secure and compliant data storage. Summa\u2019s acquisition will allow FAST LTA to continue the strong historic growth trajectory while exploring adjacent and international growth opportunities. This will further strengthen the […]<\/p>\n","protected":false},"author":3,"featured_media":10807,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[131,104],"class_list":["post-10799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transactions","tag-debt-advisory","tag-technology"],"acf":[],"yoast_head":"\n