ABRY Partners has acquired SiteLock, a provider of website security solutions, from UnitedWeb.
SiteLock offers a cloud-based web product that monitors websites for cybersecurity threats. The company finds and fixes web threats, prevents future attacks, improves website performance and meets PCI compliance standards for businesses of all sizes (companies that accept card payments – and store, process and transmit cardholder data – need to host data securely and meet Payment Card Industry (PCI) data security standards). SiteLock was founded in 2008 and protects over 12 million websites worldwide. The company, led by CEO Neill Feather, is headquartered in Scottsdale, AZ (www.sitelock.com).
In 2017, SiteLock was named by Deloitte as the fastest growing software company in Arizona for the third consecutive year, and the fastest growing company in Arizona overall.
“The investment from ABRY Partners is a testament to our culture of innovation and dedication to building a reliable platform to protect organizations across the globe,” said Mr. Feather. “Cybersecurity attacks continue to increase at an unprecedented pace. During the fourth quarter of 2017 the average website experienced more than 44 attacks per day, and there was a 90 percent rise in the number of businesses targeted by ransomware for a total $5 billion financial impact. We are excited to work with the team at ABRY to continue to develop new products and solutions to support and protect our customers.”
“We are excited to partner with SiteLock to support their continued innovation of new products and solutions both organically and inorganically,” said Brian St. Jean, a Partner at ABRY. “As threats become more complex and frequent, organizations need a comprehensive and reliable solution to protect their online presence. We believe SiteLock is well positioned to continue to be the go-to partner for website security needs.”
ABRY invests in the media, communications, and business and information sectors. The firm is currently managing $5 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).
UnitedWeb, the seller of SiteLock, invests in companies that are active in the internet and technology infrastructure, website protection and cloud communication sectors. “We’re proud to have supported SiteLock for more than 10 years as it has grown to become the leading provider of website security solutions,” said UnitedWeb CEO Tomas Gorny. “We’re excited to see what’s next for their growing team and what they accomplish in partnership with ABRY Partners.” UnitedWeb was founded in 2008 and is based in Scottsdale, AZ (www.unitedweb.com).
© 2018 Private Equity Professional | April 13, 2018