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The Coalfire Blog

Full Steam Ahead! Coalfire Systems Secures $5 Million in Funding from Baird Venture Partners

February 17, 2011, Rick Dakin, CEO, Co-founder and Chief Security Strategist

Rick Dakin

People often ask me what defines a successful company. At Coalfire Systems, it’s having a clear roadmap of services that clients need and want, which in turn drives growth and expansion. I am pleased to announce that Coalfire Systems has received an investment of $5 million dollars from Baird Venture Partners. As the governance, risk and compliance industry (GRC) really heats up, Coalfire is prepared to help clients meet their security challenges head-on. This funding will provide us with the capital we need to open more offices, hire more people and enhance our compliance management platform, Navis. As a result of this transaction investment, please welcome BVP Partners Jim Pavlik and Benedict Rocchio to the Coalfire Systems board of directors. Stay tuned—more exciting developments to come!

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