Highly secure and compliant data storage and archiving technology solution
FAST LTA at a glance
Fast LTA is a leading German solution provider for high-security archiving, storage, and recovery of business critical and sensitive personal data. The company offers both long-term archiving and backup solutions for small to enterprise customers with requirements for robust data integrity, compliance assurance, protection against data manipulation and against ransomware.
- Year acquired
- 2024
- Sector
- Cyber security
- Revenue
- EUR 25m
- Location
- Germany
- Employees
- ~100
- Website
- https://www.fast-lta.de/en
- Investment theme
- Tech-Enabled Transformation
- Contact
- matthias.fink@summaequity.com
The challenges we face:
-
+80%
rise in ransomware attacks in the global healthcare sector in 2023
-
90%
of European critical industry actors have experienced at least one cybersecurity attack in the past two years
How does FAST LTA help?
Reality today:
Given the increase in volume and complexity of data sets, the stricter regulatory environment, and increasing sophistication of ransomware attacks, companies in critical industries (such as healthcare or the public sector) require a highly secure data storage and recovery solution to i) prevent data loss in case of a ransomware attack, and ii) be compliant with data storage regulations in their industry. Also, given the growing need for data processing and storage, which have a material contribution to climate change due to the electricity required to store and archive data, all sectors will need more energy efficient storage solutions to mitigate climate consequences.
FAST LTA’s approach:
By offering their solutions to clients with highly sensitive data (e.g., public sector, healthcare), Fast LTA ensures strong protection against data losses caused by ransomware attacks on data archives and backup protecting sensitive business and personal data; thereby contributing meaningfully to protecting the fundamental human right to data protection and privacy (e.g. through WORM technology on controller level). Additionally, Fast LTA’s offering has the potential to contribute to customers’ energy savings through technologies such as Air Gap, enabling hardware to go off the grid when data does not need to be accessed (thereby powering down, leading to zero energy required).
Aspirational future:
A more resilient society and infrastructure where individuals and businesses are protected from cybercrime and recovery times after an attack are significantly shortened.
Who is impacted?
As many companies in critical industries / governmental institutions store highly sensitive data about employees, clients and patients, individuals significantly benefit from increased security of sensitive personal data and reduced risk of falling victim to malicious attempts to access said data. Furthermore, business critical information can be protected and restored promptly, thereby ensuring continuity and resilience in case of an attack or other incidents.
Contribution
Fast LTA clients are companies in critical industries or governmental institutions that work with sensitive data and are therefore often targeted by ransomware attacks – through Fast LTA’s solutions they prevent data losses and business disruptions. Furthermore, clients benefit from the replication-based disaster recovery solution allowing them to continue operations even in case of the destruction of the physical server (e.g., flooding in Germany in 2021).
Risks:
Issues resulting from human error, such as misconfiguration during setup, improper management of encryption keys, or weak access control could lead to vulnerabilities.