C5 Capital, a UK-based fund investing focused on cybersecurity, cloud computing and artificial intelligence, has hired William Kilmer as a managing partner.
Kilmer, the former managing director of Intel Capital, has also been appointed as the new executive chairman of C5 portfolio company ITC Secure, the UK based provider of managed cyber security and advisory services. He will also be serving on the boards of Haven and C5 Capital, as well as C5 Holdings.
ITC Secure provides cyber threat advisory and managed security services to midsize and large enterprise clients. This includes cyber threat intelligence, insider threat analysis, network and user behaviour, vulnerability assessments and the increasing demands around compliance.
At Intel Capital, Kilmer invested in numerous companies in the US, Europe, Asia and the Middle East. He formerly managed the security investment strategy for Intel Capital and invested in notable security companies which were acquired by McAfee and Check Point Security, among others. He has also served as the chairman and CEO of several companies, including PublicEngines, a data and analytics startup acquired by Motorola Corporation. Kilmer previously served as chief marketing officer and chief strategy officer of M86 Security.
Andre Pienaar, C5 founder, said: “The past year has seen extremely exciting growth for both C5 Capital and ITC Secure and 2018 promises to continue the development of both companies. We’re very pleased to be bringing on board a new managing partner of William’s stature. William’s rare combination of a successful investment track record and proven operational leadership means he is the right person to lead ITC into the next phase of its development and his expertise will be invaluable as C5 Capital continues to seek out exciting new businesses and opportunities throughout Europe.”
Headquartered in London, C5 also has offices in Washington, Munich, Luxembourg and Bahrain. Back in 2014, C5 Capital launched its $125m (£73m) debut fund by investing in BalaBit through a $8m Series A round.
Earlier this year, the firm marked its first portfolio sale by offloading Balabit to One Identity. Based in Budapest, Hungary, Balabit is a provider of privileged access management (PAM), privileged account analytics and log management solutions that help businesses reduce the risk of data breaches associated with privileged accounts.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
