Coalfire Secures Strategic Investment - Positions Company to Double Market Share by 2017
Will provide growth capital for expanded offerings, hiring, technology enablement and international expansion
Louisville, Colo. – Sept. 16, 2015 – Coalfire, a leader in cybersecurity risk management and compliance services, today announced that it has received a strategic investment from The Carlyle Group (NASDAQ: CG) and The Chertoff Group. With its new investment partners and existing investment partner, Baird Capital, Coalfire is well-positioned to double its market share globally by 2017 through the growth of its cyber risk advisory, compliance assessment, technical testing and software services. The investment is being directed to rapidly expand its market presence domestically and internationally, recruit top talent and enhance its Labs services and software platform.
According to recent industry and company analysis, nearly 80 percent of Chief Information Security Officers report having suffered an attack in the last 12 months. Threats come from states and difficult-to-counter actors, and they require development of an effective strategy and support system to meet the current and emerging digital threats to protect corporate assets. Organizations are turning to the trusted adviser, Coalfire, to answer the call for new technology, support and sophisticated cyber risk and compliance solutions for corporations around the globe.
The changing nature of cyber threats has now become an executive- and board-level issue for organizations, creating a nearly $6 billion market opportunity for Coalfire, including:
$1.9 billion for cyber risk advisory solutions
$1.8 billion for compliance assessment
$1.4 billion for technology vulnerability assessment testing
In the last two years, more than 60 of the FORTUNE 500 have turned to Coalfire to define their roadmap for technology implementation, meet compliance mandates and test the efficacy of their processes and technologies.
“With spending on cybersecurity solutions and services continuing to rise, Coalfire is uniquely positioned to provide enterprises with the information they need to create stronger cyber risk plans and policies and better protect their assets from cyber criminals,” said Larry Jones, CEO of Coalfire. “This investment from The Carlyle Group and The Chertoff Group is further validation of our prowess in the space and will help us to expand rapidly, enabling Coalfire to recruit the best talent and be the trusted security adviser that enterprises around the world need.”
The Carlyle Group and The Chertoff Group have developed strong enterprise and security portfolio practices and continue to expand their investments in successful cybersecurity companies. Coalfire is the latest well-established cyber risk leader and trusted partner in the space, with proven and differentiated methodology and vision.
Recently, Coalfire announced a new suite of cyber risk services aimed at the executive suite and board of directors to provide an industry-specific focus on the types of cyber threats inherent to their business, identifying and protecting the organization’s most sensitive data and measuring and testing the effectiveness of such investments.
Coalfire’s expanded Cyber Risk Advisory services include:
Cyber Risk Advisory – Identify and understand the risks inherent to the individual business
Cybersecurity Strategy – Build the organization, policies and technology to protect valuable corporate data
Incident Response – Contain and recover from cyberattacks quickly and efficiently
Cyber Risk Scorecard – Define ongoing metrics and review of effectiveness of security policies, procedures and investments
More than 1,500 enterprises and governments worldwide rely on Coalfire’s expertise to protect their businesses from security breaches and data theft while complying with global financial, government, industry and legal mandates. Coalfire professionals use a combination of IT experience, industry depth and intelligent technology tools to independently advise, assess and test the entire information management structure.
More information about Coalfire’s services is available here.
Coalfire is the global technology leader in cyber risk management and compliance services for private enterprises and government organizations. Coalfire’s professionals are renowned for their technical expertise and unbiased assessments and recommendations. Coalfire’s approach builds on successful, long-term relationships with clients to achieve multiple cyber risk management and compliance objectives, tied to a long-term strategy to prevent security breaches and data theft.
Coalfire is currently listed as #74 in the “Cybersecurity 500 Hottest Security Companies” and was recently named one of the Top 20 Most Promising Risk Management Solution Providers. For more information, visit www.coalfire.com.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $193 billion of assets under management across 128 funds and 159 fund of funds vehicles as of June 30, 2015. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,700 people in 35 offices across six continents.
About The Chertoff Group
The Chertoff Group is a premier global advisory firm focused exclusively on security and risk management. The Chertoff Group helps clients grow and secure their enterprise through business strategy, mergers and acquisitions advisory, and risk management security services. In addition, The Chertoff Group makes principal investments to provide growth capital to selected private companies in the security industry. Most recently, The Chertoff Group made a principal investment in Delta Risk, Inc., a global provider of high-impact cybersecurity, risk management and capacity building services to government and private sector clients. Headquartered in Washington D.C., The Chertoff Group maintains offices in Houston, London, Menlo Park, and New York City. For more information, visit www.chertoffgroup.com.
About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Baird Capital’s venture team invests in early and expansion-stage technology-enabled services and healthcare companies. Having invested in more than 285 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit www.BairdCapital.com.
The Carlyle Group:
The Chertoff Group:
Angela Pittman Taylor
+1 617 624 3218
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