Insurtech

HDI Group takes over cyber specialist Perseus

The HDI Group has revealed it has acquired Berlin-based Perseus Technologies GmbH – the start-up which specialises in the prevention of cyber risks and emergency cyber assistance. 

HDI said the acquisition enables the group to offer cyber insurance policies and cyber security concepts, alongside other services from a single source. The objective is to develop the business model of Perseus on an ongoing basis. 

The company will continue to be led by Richard Renner, who has been the managing director of Perseus since November 2018.

The group added the acquisition will also enable HDI to continue the present collaborative cooperation with Perseus. Since the beginning of 2019, HDI Versicherung AG and HDI Global SE have been partners of Perseus and they have integrated the services of the company in their cyber protection.

It also revealed Perseus with the entire workforce of some 35 employees will continue to be based in the Berlin Fintech Hub H:32 and it will retain its status as an independent brand and provider for existing customers and third party companies.

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