eSentire Announces Growth Equity Investment from Warburg Pincus
Investment to accelerate growth for leading Managed Detection and Response (MDR) firm
CAMBRIDGE, ONTARIO and NEW YORK – August 21, 2017 – eSentire, Inc., (“eSentire” or the “Company”) the largest pure-play Managed Detection And Response (MDR) provider, today 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.
eSentire is regarded as the pioneer in managed cybersecurity services that detect and contain advanced threats that have bypassed all other security controls. The Company began operations serving the demanding financial services market and has expanded rapidly to support other sectors including insurance, legal, healthcare, biopharma, engineering, technology, manufacturing and government agencies. eSentire’s best-in-class MDR solution leverages purpose-built technology, and highly trained security analysts to detect, investigate and rapidly resolve cyber threats in customers’ internal and cloud environments before they become business-impacting events.
“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.”
Evercore acted as exclusive financial advisor to eSentire. The transaction is expected to close in September following various approvals.
eSentire® is the largest pure-play Managed Detection and Response (MDR) service provider, keeping organizations safe from constantly evolving cyber-attacks that technology alone cannot prevent. Its 24x7 security operations center (SOC), staffed by elite security analysts, hunts, investigates, and responds in real-time to known and unknown threats before they become business disrupting events. Protecting more than $5.7 trillion in corporate assets, eSentire absorbs the complexity of cybersecurity, delivering enterprise-grade protection and the ability to comply with growing regulatory requirements. In 2016, eSentire was named Best SME Cybersecurity Solution by SC magazine, and was included on Deloitte’s Technology Fast 500tm list. eSentire was included in Gartner’s 2017 Market Guide for Managed Detection and Response Services – a list of service providers that can support organizations seeking to improve their threat detection and incident response capabilities. For more information, visit www.esentire.com and follow @eSentire.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $44 billion in private equity assets under management. The firm’s active portfolio of more than 140 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 16 private equity funds which have invested more than $60 billion in over 780 companies in more than 40 countries. Warburg Pincus has been an active investor in cybersecurity companies, with investments including CrowdStrike, the leader in cloud-delivered endpoint protection, and Zimperium, a global leader in mobile threat defense.
The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore. For more information, please visit www.warburgpincus.com.
eSentire: Mandy Bachus, 519-651-2200 x5226, email@example.com
Warburg Pincus: Mary Armstrong/Christopher Beattie, 212-878-9201, firstname.lastname@example.org
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Products, service names, and company logos mentioned herein may be the registered trademarks of their respective owners. All rights reserved.
MRB Public Relations
2 East Main Street
Freehold, NJ 07728
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release eSentire Announces Growth Equity Investment from Warburg Pincus here
News-ID: 677905 • Views: 591
More Releases from eSentire
Hackers adopt ‘school of fish’ approach as they sharpen focus on mid-sized b …
CAMBRIDGE, ONTARIO – January 8, 2018 – Rudimentary attacks, like information gathering, reputation blocks, fraud, and brute force attacks, increased by 71% from 2016-2017, according to new data released by eSentire, Inc., the largest pure-play Managed Detection and Response (MDR) provider. The data represents a total volume rise in detected events from 15 million in 2016, to 21 million last year. Reports demonstrate a marked technique shift by attackers who favor
eSentire Ranks 247th Fastest Growing Company in North America on Deloitte’s 20 …
Cyber Security Company Attributes Revenue Growth to Development of Leading-Edge Technology to Meet Midmarket Security Services Demand CAMBRIDGE, ONTARIO – November 10, 2017 – eSentire, Inc., the largest pure-play Managed Detection and Response (MDR) provider, today announced it was named one of North America’s fastest growing technology companies in the Deloitte Technology Fast 500™ awards for the third consecutive year. The Technology Fast 500 provides a ranking of the fastest growing
eSentire Launches Next-generation Logging and Event Management Platform for Mana …
eSentire Launches Next-generation Logging and Event Management Platform for Managed Detection and Response (MDR) Purpose-built Cloud Platform MDR Integration Empowers Elite eSentire Security Analysts to Hunt and Kill Threats in Real-time CAMBRIDGE, ONTARIO – July 12, 2017 – eSentire, Inc., the largest pure-play Managed Detection and Response (MDR) provider, today launched esLOGTM, the first logging and event management platform that supports real-time threat detection and response across network, endpoint, and cloud services. Unlike
eSentire Named to 2017 Branham300 Top 250 list
Managed Detection and Response Provider Recognized as a Top Information and Communication Technology Canadian Company CAMBRIDGE, ONTARIO – June 6, 2017 – eSentire, Inc., the largest pure-play Managed Detection and Response TM (MDR) provider, today announced it was named one of the Top 10 Canadian ICT Security Companies in the 2017 Branham300, ranking #125 on the overall Top 250 Canadian ICT Companies list. The Branham300 is the definitive listing of Canada’s top
More Releases for Warburg
Private Equity Market Growing Popularity & Emerging Trends | Warburg Pincus, TPG …
What’s Ahead in the Global Private Equity Market? Benchmark yourself with strategic steps and conclusions recently published by AMA. According to survey, Private Equity Market Will Hit Big Revenues in Future with CAGR (Compound Annual Growth Rate) of XX%. Latest released the research study on Global Private Equity Market, offers a detailed overview of the factors influencing the global business scope. Private Equity Market research report shows the latest market insights
Private Equity Market Size by 2027: Top Investment Analysis and Modules by Black …
The private equity market is growing subsequently, and is expected to grow during the forecast period, owing to growth in demand for capital funding among large number of startups. Private equity is an alternate class of investment assets, which is usually not listed on the public stock market. The major source of investment capital in private equity comes from high-net worth individuals and institutional investors. Generally, investors and investment firms
Link Legal assists GHAL in a joint venture with ESR to build logistics park in H …
Link Legal has successfully represented GMR Hyderabad Aerotropolis Limited (“GHAL”), in setting up a 30:70 joint venture company in India, GMR Logistics Park Private Limited (“JV Company”) with ESR Hyderabad 1 Pte. Limited, a Singapore based entity (“ESR”). ESR, a Warburg Pincus-backed logistics developer, is engaged in the business of promoting, developing, operating and managing warehouses and industrial and logistics parks to cater to requirements of its clients. GHAL and ESR
Warburg Capital Group Announces Expansion into Asia Pacific Region
Warburg Capital Group, a leading investment firm, today announced its expansion plans into several key financial APAC financial centers. With this client driven expansion, Warburg Capital Group will be able to meet the huge institution and retail demand for the company’s investment products and services. “This is an extremely exciting time for Warburg Capital Group and we cannot wait to develop further our client base in the APAC region.” said
Industry Veteran, Eileen Maus, Joins Cervilenz Inc. Board of Directors
CLEVELAND, OH – June 21, 2011 Cervilenz Inc. announced today the addition of a new member to its Board of Directors. Eileen Maus brings 20 years of experience in the life sciences industry as a senior sales and marketing executive. Ms. Maus joins Tim Peterson and George Dunbar of Arboretum Ventures, Koleman Karleski of Chrysalis Ventures, Dr. Michael Ross, and Dean Koch on the Board of Directors. Cervilenz
Prof. Robert A. Weinberg receives the Otto Warburg Medal sponsored by QIAGEN
The discoverer of the cancer gene is the pioneer of molecular tumor research Hamburg, September 17, 2007. As part of the Fall Conference of the German Society for Biochemistry and Molecular Biology (Gesellschaft für Biochemie und Molekularbiologie, GBM), the American scientist Professor Robert A. Weinberg received today the Otto Warburg Medal, sponsored with 25 000 Dollar by QIAGEN. The Otto Warburg Medal has been awarded annually since 1963 by the