ABRY Partners has made a minority investment in Edgile, a provider of security and risk consulting services to Fortune 500 companies. The new capital will be used to accelerate the company’s expansion.
Edgile’s services include security strategy, identity and access management, data protection, cloud computing, and governance, risk and compliance. The company was founded in 2001 and is led by its CEO Don Elledge. Edgile is headquartered in Austin with additional offices in San Mateo, CA and Bellevue, WA (www.edgile.com)
The rapidly increasing need for better cyber security has positively affected Edgile as the company has doubled its revenues each year over the last two years.
“Edgile has proven itself to be a high-value, trusted partner to the Fortune 500, having established longstanding relationships with top companies in financial services, healthcare and manufacturing,” said Tyler Wick, Principal at ABRY Partners. “After evaluating dozens of security products and firms, we believe that Edgile is a leader in the identity and access management (IAM), and governance, risk and compliance (GRC) sector. The business is well positioned to capitalize on the strong demand for IAM and GRC services.”
ABRY invests in the media, communications, and business and information sectors. The firm is currently managing $4.3 billion of total capital and investing out of a $1.9 billion private equity fund, a $950 million senior equity fund and a $1.5 billion senior debt fund. ABRY was founded in 1989 and is headquartered in Boston (www.abry.com).
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 4-8-16