Name: GuidePoint Security Attracts New Round of Growth Capital
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GuidePoint Security Attracts New Round of Growth Capital

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My AccountNotificationsOverview+ New WatchlistBenzinga ResearchBenzinga ProLog In-------ContributeResearchMy StocksToolsCalendarsAnalyst Ratings CalendarConference Call CalendarDividend CalendarEarnings CalendarEconomic CalendarFDA CalendarGuidance CalendarIPO CalendarM&amp;A CalendarSPAC CalendarStock Split CalendarTrade IdeasInsider TradesTrade Idea FeedAnalyst RatingsUnusual Options ActivityHeatmapsFree NewsletterShort InterestMost ShortedLargest IncreaseLargest DecreaseCalculatorsMargin CalculatorForex Profit Calculator100x Options Profit Calculator-------Audax Private Equity invests in cybersecurity solutions provider to fuel expansionGuidePoint Security, a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, today 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."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."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.""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 &amp; Ellis served in the same capacity to Audax Private Equity. ABS Capital Partners, a prior investor in GuidePoint Security, participated in the transaction.About GuidePoint SecurityGuidePoint Security provides trusted cybersecurity expertise, solutions and services that help organizations make better decisions that minimize risk. Our experts act as your trusted advisor to understand your business and challenges, helping you through an evaluation of your cybersecurity posture and ecosystem to expose risks, optimize resources and implement best-fit solutions. GuidePoint's unmatched expertise has enabled a third of Fortune 500 companies and more than half of the U.S. government cabinet-level agencies to improve their security posture and reduce risk. Learn more at .About Audax Private Equity:Based in Boston and San Francisco, Audax Private Equity is a leading middle market investment firm with approximately $18 billion of assets under management, over 210 employees, and 100-plus investment professionals. Since its founding in 1999, the firm has invested in more than 165 platforms and 1,200 add-on acquisitions. Through our disciplined Buy &amp; Build approach, across six core industry verticals, Audax helps portfolio companies execute organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value. For more information, visit audaxprivateequity.com or follow Audax Private Equity on LinkedIn.© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Posted In: Press Releases

My AccountNotificationsOverview+ New WatchlistBenzinga ResearchBenzinga ProLog In-------ContributeResearchMy StocksToolsCalendarsAnalyst Ratings CalendarConference Call CalendarDividend CalendarEarnings CalendarEconomic CalendarFDA CalendarGuidance CalendarIPO CalendarM&amp;A CalendarSPAC CalendarStock Split CalendarTrade IdeasInsider TradesTrade Idea FeedAnalyst RatingsUnusual Options ActivityHeatmapsFree NewsletterShort InterestMost ShortedLargest IncreaseLargest DecreaseCalculatorsMargin CalculatorForex Profit Calculator100x Options Profit Calculator-------Audax Private Equity invests in...

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GuidePoint Security Attracts New Round of Growth Capital

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