CIO Influence
CIO Influence News Machine Learning Security

ShorePoint Fuels Next-Level Growth with Strategic Investment from CM Equity Partners

From Prediction to Prescription: The Power of Merging Predictive Analytics with GenAI in Enterprises

ShorePoint Inc. Logo

New capital to power next-gen capabilities, deepen customer impact and enter new markets

ShorePoint Inc., an industry leader in cybersecurity that protects federal customers’ critical assets, announced a strategic investment from CM Equity Partners, a private investment firm specializing in providing growth capital to the federal services industry. ShorePoint remains a stand-alone company with their existing executive leadership team actively invested in and continuing to run the business.

Also Read: CIO Influence Interview with Duncan Greatwood, CEO at Xage Security

Together, we will be focused on rapidly accelerating our business by expanding our already extensive cyber capabilities, enabling us to bring them to new customers for the greatest mission impact.

“We made this decision to ignite our growth and seize opportunities in this rapidly evolving market,” said Matt Brown, co-founder and CEO of ShorePoint. “With CM Equity Partners, we found a partner with decades of experience supporting companies in the federal marketplace. Together, we will be focused on rapidly accelerating our business by expanding our already extensive cyber capabilities, enabling us to bring them to new customers for the greatest mission impact. This further enables significant growth opportunities for our team members as we adapt to the ever-changing cyber threat market.”

With a 30-year history of investing in the government market, CM Equity Partners focuses on making long-term strategic investments that align with management’s growth-oriented objectives.

“From day one, ShorePoint’s leadership stood out for its vision, expertise and strong track record in federal cybersecurity,” said Jeffrey Mark, Managing Partner at CM Equity Partners. “Our cultures are aligned, and we share a commitment to long-term growth. We are proud to partner with the ShorePoint team to support their continued expansion, enhance capabilities and empower employees to drive mission impact for federal agencies.”

All ShorePoint employees will continue with the company, ensuring stability and continuity for customers, partners and team members as the company enters its next phase of growth.

Catch more CIO Insights: The CIO’s Role In Data Democracy: Empowering Teams Without Losing Control

[To share your insights with us, please write to psen@itechseries.com ]

Related posts

Red Hat and Tech Mahindra Enable Greater Hybrid Cloud Flexibility for Telco Workloads

Business Wire

Going Bananas for ApeCoin Coin Cloud Digital Currency Machine (DCM) Network Adds New ApeCoin Token

CIO Influence News Desk

CrowdStrike Falcon Platform Certified at Highest Level in Spanish National Cryptologic Center STIC Products and Services Catalog

CIO Influence News Desk