Audax Private Equity invests in cybersecurity solutions provider to fuel expansion
GuidePoint Security, a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, announced the closing of a funding round led by Audax Private Equity, a leading alternative investment manager and capital partner to middle market companies. GuidePoint will leverage the investment to further accelerate growth across the United States and expand internationally. Terms of the new investment are not disclosed.
“Our investment experience in this area should prove beneficial as we work closely with the GuidePoint team to drive growth.”
“As the complexity of the cybersecurity landscape becomes more pronounced — with ever evolving threats, thousands of products, and continued resource challenges — demand for our services and solutions has never been higher,” said Michael Volk, Chairman and CEO of GuidePoint Security. “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.”
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Founded in 2011, GuidePoint Security has become the trusted cybersecurity advisor to more than 3,800 organizations across the U.S., including one-third of the Fortune 50 and 40% of the Fortune 500, along with more than half of the U.S. government cabinet-level agencies. The company’s unique business model provides local engagement and delivery teams, national scale and purchasing power for industry-leading cybersecurity solutions, breadth and depth of cybersecurity expertise across all disciplines, and engagements that are tailored to each customer’s specific environment and needs.
“GuidePoint has distinguished itself as one of the premier providers of cybersecurity solutions, where local coverage, sophisticated technical skillsets, and industry expertise are crucial to address, mitigate and stay ahead of cyber risks,” noted Iveshu Bhatia, a Managing Director at Audax Private Equity. “Our investment experience in this area should prove beneficial as we work closely with the GuidePoint team to drive growth.”
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“GuidePoint Security’s value proposition revolves around the team’s sophisticated technical skillset coupled with deep industry expertise,” added Tim Mack, Partner of Audax Private Equity. “We see a tremendous opportunity to invest in the company’s continued expansion and build upon its track record of growth over the last 12 years.”
Guggenheim Securities, LLC served as the exclusive financial advisor, while DLA Piper provided legal counsel. Kirkland & Ellis served in the same capacity to Audax Private Equity. ABS Capital Partners, a prior investor in GuidePoint Security, participated in the transaction.
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