InteliSecure Acquires UK-Based Pentura
InteliSecure, the leading managed security service provider (MSSP) delivering critical asset protection for enterprise organizations worldwide, today announced it has acquired Pentura, Ltd., a leading information security and MSSP based in the United Kingdom. The combination of InteliSecure and Pentura creates one of the world's largest managed security services organizations focused on critical asset protection. Financial terms were not disclosed.
Based on the acquisition, InteliSecure projects 2015 revenues to total more than $35M (£22.6M). Additionally, the company anticipates a 50 percent annual sales growth rate for the next three years. The combined organization now protects the critical assets and most sensitive intellectual property for more than 500 enterprise organizations across North America and Europe.
The acquisition follows InteliSecure's successful completion of an $8M Series B equity investment round led by Charlotte, N.C.-based Frontier Capital. To-date, InteliSecure has raised $22M of equity financing, combined with a $6M debt financing from Silicon Valley Bank to be used to fund development of InteliSecure's next generation managed security services platform, slated for launch in Q1 2016. In total, InteliSecure has generated $28M in strategic investment capital over the last 16 months.
"Pentura is the definitive leader in the UK security assessment market, providing world-class services to enterprises of various sizes throughout the UK and EMEA," said Rob Eggebrecht, President and CEO of InteliSecure. "Our acquisition is a win-win for our customers in North America and Europe, as well as for future enterprise customers who recognize the most effective stop-gap measure to combat today's escalating cybersecurity threats is through critical asset protection."
"We are thrilled to announce we are now a part of InteliSecure, a move that helps us accelerate, scale and extend our breadth of pen testing, DLP, and GRC service offerings for our customers," said Pentura CEO Tony Allen. "InteliSecure is the market leader in managed DLP and critical asset protection services, and we look forward to building our leadership position in the next generation managed security services market."
Founded in 2002, Pentura is a market-leading managed DLP provider within the UK. Through its highly accredited penetration testing, Data Leakage Prevention (DLP) and Governance, Risk & Compliance services (GRC) services, the company is recognized and respected in the UK for mitigating the risk for their clients by protecting mission-critical and sensitive data. This is achieved through consultancy-led, comprehensive services incorporating deployment of best-of-breed technologies.
Headquartered in the booming Denver Tech Center, InteliSecure protects more than 500 enterprise customers and three million users worldwide with managed security services tailored to safeguard enterprise assets from the escalating frequency and scale of global cybersecurity threats. InteliSecure challenges the status quo with unmatched human intelligence protection through its acclaimed Critical Asset Protection Program™ methodology, comprised of robust managed consulting, technical, incident response and security assessment services. By identifying and prioritizing critical assets such as intellectual property, InteliSecure delivers the continuous security monitoring intelligence required to protect organizations from internal or external compromise. InteliSecure is one of North America's fastest growing companies, ranking on the Inc. 5000 in 2015 and 2014, #2 on the Denver Business Journal's fastest growing companies, and is the recipient of numerous industry awards and accolades. InteliSecure supports leading security solutions from Symantec, McAfee, IBM® Security QRadar®, Websense, Proofpoint, Blue Coat, LogRhythm, Titus and Qualys, among others. To learn more visit www.intelisecure.com.