HCAP Partnered with BOK Financial to Invest in MDR Cybersecurity Software Provider Lumifi Cyber, Funding the Company’s Acquisition of Datashield
HCAP Partners, a California-based private equity firm and nationally recognized impact investor, announced its investment in Lumifi Cyber, a next-generation managed detection and response (MDR) cybersecurity software provider. Terms of the investment were not disclosed.
Lumifi Cyber leverages AI, machine learning, and attack simulation to proactively identify security gaps before cybercriminals can exploit them. Their platform automatically remediates endpoint vulnerabilities to reduce the available attack surface and continuously monitors, detects, contains, and remediates threats 24/7/365. HCAP Partners’ investment in Lumifi Cyber helped fund its acquisition of Datashield, an end-to-end cybersecurity resilience services provider. The combined offering enhances Lumifi’s existing cybersecurity monitoring and management solution with Datashield’s MDR services, state-of-the-art security operations center, and team of ex-military and former DoD cybersecurity professionals.
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“The cybersecurity industry faces a staffing shortage while cybersecurity threats continue to increase,” commented Michael Malone, Lumifi Cyber CEO. “With this funding and our acquisition of Datashield, Lumifi is further able to execute on our vision of combining always-on attack simulation with automated remediation to alleviate the cybersecurity skills gap.”
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“We are pleased to support Lumifi and its development and deployment of affordable cybersecurity solutions that provide advanced levels of security to businesses of all sizes,” said Frank Mora, Partner at HCAP Partners. “The cybersecurity market is growing rapidly and Lumifi delivers cutting-edge solutions that are effective and accessible. We have successfully partnered with CEO Michael Malone in the past and we look forward to working with him once again in this next phase of Lumifi’s growth.”
“As the frequency of ransomware attacks and other cybersecurity threats has dramatically increased over the last few years, our customers have been seeking outsourced cybersecurity providers,” said Paul Tucker, Chief Information Security Officer, BOK Financial. “Lumifi provides Fortune-500-grade security to help protect businesses of all sizes from ransomware and the latest cyber threats.”
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