GuidePoint Security, a prominent figure in the realm of cybersecurity, has successfully completed its recent round of funding.
Established to aid organisations in making wiser decisions and diminishing risks, GuidePoint has secured this investment, notably led by the influential Audax Private Equity, well-regarded for their alternative investment endeavours in the middle market arena.
This newly-acquired funding will be pivotal for GuidePoint Security. As a company, they focus on safeguarding businesses against cyber threats, an ever-evolving challenge. With thousands of products on offer and an intricate cybersecurity landscape, GuidePoint strives to be the trusted advisor. The company aims to differentiate itself by offering localised engagement, unmatched cybersecurity expertise, and bespoke solutions tailored to each client’s unique requirements.
The investment will be utilised to propel GuidePoint’s expansion throughout the United States and initiate its international foray. The undisclosed terms of the investment come at a time when the demand for cybersecurity services and solutions is at its peak.
GuidePoint Security’s CEO, Michael Volk, provided insights into the company’s trajectory. He highlighted the increasing intricacies of the cybersecurity domain and the subsequent surge in demand for their services. Volk attributed the company’s sustained growth to its unwavering commitment to clientele satisfaction and innovative solutions. “We attribute this consistent and continued rapid growth to our steadfast commitment to partnering with our customers to solve their cybersecurity challenges. We’ve focused on hiring the best and brightest cybersecurity minds across the United States and investing in innovative service offerings to address new and emerging risks. Now with Audax Private Equity, we are set up to help even more customers across the U.S. and expand overseas.”
Audax Private Equity’s Managing Director, Iveshu Bhatia, and Partner, Tim Mack, also shared their perspectives. Bhatia emphasised GuidePoint’s reputation and their ability to stay ahead in addressing cyber risks, while Mack extolled GuidePoint’s technical prowess and their impressive growth over the past 12 years.
Notably, ABS Capital Partners, an earlier investor in GuidePoint Security, also participated in this round of investment.
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Copyright © 2018 RegTech Analyst
