Summa Equity Takes Majority Ownership of Fast LTA

FAST LTA has garnered significant attention from analysts due to its distinguished reputation as a provider of secure secondary and long-term storage solutions tailored to meet the stringent data protection needs of businesses.Renowned for its robust and reliable storage systems, FAST LTA offers cutting-edge technology designed to safeguard sensitive data assets over extended periods. This emphasis on security is particularly crucial in today's digital landscape, where organizations face escalating cybersecurity threats and regulatory compliance requirements.

By leveraging innovative storage architectures and advanced encryption protocols, FAST LTA empowers businesses to mitigate risks associated with data breaches, data loss, and unauthorized access. The company's solutions are engineered to deliver exceptional reliability, scalability, and performance, ensuring uninterrupted access to critical data assets while adhering to stringent security standards.In an era marked by escalating data volumes and evolving regulatory frameworks, FAST LTA's commitment to data security and integrity has positioned it as a trusted partner for businesses across various industries. Analysts recognize the company's ability to address the growing demand for secure and compliant storage solutions, thereby driving its sustained growth and market prominence.

Thematic investment firm Summa Equity has made a significant move by acquiring a majority stake in German-based FAST LTA GmbH, a leading SaaS provider renowned for its secure and compliant data storage solutions.Based in Munich, Germany, FAST LTA boasts a workforce of approximately 100 employees dedicated to delivering cutting-edge high-security storage solutions tailored for archiving, backup, and recovery of business-critical and sensitive data.

Throughout 2023, FAST LTA demonstrated its robust performance by achieving €25 million in revenue, underscoring its strong market presence and customer confidence in its offerings.Summa Equity's investment underscores its strategic focus on supporting companies at the forefront of technological innovation, particularly those addressing critical needs in data security and compliance. With its acquisition of FAST LTA, Summa Equity aims to accelerate the company's growth trajectory and further solidify its position as a market leader in secure data storage solutions.

Summa Equity's strategic focus areas, including resource efficiency, changing demographics, and tech-enabled transformation, align closely with FAST LTA's mission to prioritize growth and international expansion. With Summa's support, FAST LTA gains access to a vast network, enabling it to leverage opportunities for global growth and collaboration.FAST LTA's distinguished reputation in the industry has enabled it to cultivate strong partnerships, boasting a network of over 40 high-profile technology partners and more than 60 resellers. This extensive network provides FAST LTA with invaluable resources and connections to drive innovation and market expansion.

In today's landscape, cybersecurity threats continue to pose significant risks to businesses and organizations. As such, there is a growing imperative for robust data protection measures to safeguard against potential cyber-attacks, data breaches, and privacy violations. FAST LTA's integrated approach, combining hardware, software, and services, positions it as a leader in delivering best-in-class data protection and privacy solutions. By leveraging its unique capabilities and expertise, FAST LTA is well-equipped to address the evolving needs of its customers and ensure the security and integrity of their sensitive data assets.

Steffi Körner, CEO at FAST LTA, expressed the company's dedication to enhancing its customer and partner relationships, driving innovation in secure storage solutions, and pursuing expansion into new markets with the support of Summa Equity. Körner emphasized FAST LTA's commitment to leveraging its expertise and capabilities to deliver cutting-edge solutions that meet the evolving needs of its clients.

Furthermore, Körner highlighted the significance of being chosen by Summa Equity, renowned for its tech-savvy and environmentally conscious investment approach. This recognition underscores FAST LTA's position as a leader in the industry and reaffirms its commitment to sustainability and technological innovation.