SaaS Alerts, a cybersecurity firm built for managed service providers, has secured a $22m growth investment from Insight Partners.
SaaS is purpose-built for managed service providers to protect and monetise their customers’ core business applications.
The company claims it was designed to help MSPs monitor and protect their customers’ usage of the most popular SaaS applications. It also was designed to safeguard against security threats to a business’ SasS environment, such as data theft and data at risk.
The firm will use the funding to accelerate the growth of its monitoring and response platform.
SaaS Alerts CEO Jim Lippie said, “We couldn’t be more excited to partner with Insight Partners and we see their investment in SaaS Alerts as a monumental endorsement for what we have built and what we intend to build as we collaborate going forward. I’m very proud of our team for reaching this milestone and look forward to working with Insight to continue to build value for our MSP partners and stakeholders.”
Insight Partners principal Philine Huizing added, “SaaS applications have become essential for businesses of every size and MSPs need the ability to better protect those applications on behalf of their customers.
“SaaS Alerts has pioneered SaaS security for MSPs and has a clear vision for how detecting and correlating abnormal user behaviour can greatly impact the MSP industry. We’re excited to partner with SaaS Alerts as the company scales to address this unique opportunity.”
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Copyright © 2018 RegTech Analyst