News : eSentire Announces Growth Equity Investment from Warburg Pincus
Cambridge, ON and New York August 21, 2017 0-- eSentire, Inc., ("eSentire" or the "Company") a pure-play Managed Detection And Response (MDR) provider, announced that funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing, have made a significant equity investment into the Company. The investment will be used to accelerate eSentire’s growth by expanding its technology services to existing clients and its outreach to more clients in new markets, as well as to provide liquidity to existing shareholders. Terms of the transaction were not disclosed.
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"eSentire has established itself as the leading provider of managed detection and response within the competitive cybersecurity market, as evidenced by 26 consecutive quarters of growth," said J.Paul Haynes, CEO of eSentire. "Our leadership team recognized that in order to enhance our leading position, we needed a partner that shared in our vision. I am pleased to say that we could not have found a better partner than Warburg Pincus, whose global reach, access to industry experts and extensive network will serve as a great catalyst for our future growth. We are excited that this investment will allow us to help more organizations mitigate the risks associated with cyberattacks."
"With the ever-increasing complexity around cybersecurity and scarcity of security talent, more companies are seeking comprehensive managed services that proactively detect and respond to cyber threats in real time," said Cary J. Davis, Managing Director, Warburg Pincus. "eSentire provides the most complete suite of technologies and services in the MDR market and has experienced industry-leading growth and impressive customer satisfaction. We are excited to partner with management to support the Company’s continued expansion and help them serve the complex cybersecurity needs of their customers."
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About eSentire, Inc.:
eSentire® keeps 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.
Published: Tuesday, August 22, 2017
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