Feb 03, 2016
PRINCETON, NJ, FEBRUARY 3, 2016 – Edison Partners announced it co-led a $19.5 million follow-on investment in eSentire, alongside Georgian Partners with additional participation from Cisco Investments, Northleaf Ventures Catalyst Fund, and new investor, Information Venture Partners II, LP. eSentire will leverage the funds for market expansion into new geographies and verticals, as well as expand its cloud-based threat intelligence harvesting and automatic protection offering.
eSentire is the leader in managed cybersecurity services, helping mid-sized organizations protect against some of the most egregious cybersecurity attacks. The company delivers continuous monitoring and real-time threat detection 24x7 by challenging legacy security approaches, combining behavior-based analytics, immediate mitigation, and advanced threat intelligence. eSentire has already grown over 250% since Edison’s initial investment in 2013, and has been recognized as one of Deloitte’s Fast 50 in Canada and Fast 500 in North America.
“Since investing in eSentire in 2013, the company has been a standout in our portfolio with its impressive year-over-year growth. The leadership team continues to prove their ability to innovate and effectively mitigate threats for its clients and their success isn’t slowing down,” said Lenard Marcus, Partner at Edison Partners, and eSentire board member.
In 2015, eSentire opened its European headquarters and a second Security Operations Center in Cork, Ireland. eSentire also introduced its Targeted Retrospection Analysis Platform (TRAP), one of the most advanced forensic capabilities in cybersecurity.
“This investment marks a key milestone for our company and is a recognition of both our significant growth and leadership in the cybersecurity market,” said J.Paul Haynes, CEO of eSentire. “We are ever grateful for Edison Partners’ continued support and belief in our mission. Not only have we leveraged their network for two key executive hires, their strategic expertise and product roadmap guidance has played a major role in our success.”
Edison Partners has financed and guided more than 200 private companies, including 46 Enterprise 2.0 companies, encompassing security and cloud leaders that automate core business processes and solve infrastructure challenges. Noteworthy exits include Archive Systems, Assessment Systems, Axent, InSoft, Marcam, Octagon, Tangoe, VirtualEdge, Notable Solutions, Uptivity and VFA. Current Enterprise portfolio companies include Billtrust, Kemp Technologies, Logfire, Motionsoft, Neat and Operative.
About eSentire Inc.
eSentire® is a proven industry leader, keeping mid-size organizations safe from constantly evolving cyber attacks that traditional security defenses simply can’t detect. eSentire combines people, process and technology to deliver an unmatched, premium level service that detects, remediates and communicates sophisticated cyber threats in real-time, 24/7. Protecting more than $2.5 trillion in Assets under Management (AuM), eSentire is the award-winning choice for security decision-makers in mid-size enterprise. eSentire has received multiple accolades for exceptional service, which includes HFM (Hedge Fund Manager) Service Provider awards (2013, 2014, 2015). In 2015 eSentire was named to Deloitte’s Technology Fast 50 TM and Fast 500TM and included in the list of “Cool Vendors” in the Cool Vendors in Cloud Security Services, 2015 report by Gartner, Inc. For more information visit www.esentire.com and follow @esentire.
About Edison Partners
For 30 years, Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey and build successful companies. Through the unique combination of expansion capital and the Edison Edge platform, consisting of strategic advisory, the Edison Director Network, and executive education, Edison employs a holistic approach to nurturing invention and creating value for growth stage businesses ($5 to $20 million in revenue) in financial technology, healthcare IT, enterprise IT, and marketing software industries. Edison investment objectives also include: buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison’s active portfolio has created aggregate market value exceeding $5 billion. Its long-tenured team, based in Princeton, NJ, McLean, VA, and Cleveland, OH, manages more than $1 billion in assets throughout the eastern United States.
Contact:
Elizabeth Stotler
Edison Partners
609-873-9224
