Princeton, NJ (PRWEB) September 19, 2017
Edison Partners today announced the successful exit of eSentire, a leader in managed cybersecurity services. The company has received a significant equity investment from funds affiliated with private equity firm Warburg Pincus. The exit generated meaningful return and IRR for Edison Partners.
Headquartered in Cambridge, Ontario, eSentire is regarded as the pioneer in managed cybersecurity services detect and contain advanced threats that have bypassed all other security controls. The company began serving the financial services market and expanded rapidly to support other sectors including insurance, legal, healthcare, biopharma, engineering, technology, manufacturing and government agencies. Since Edison’s initial investment in 2013, revenue grew by 8X. The company has been recognized on Deloitte’s Fast 50 list of fastest growing technology companies in Canada and Fast 500 in North America.
“After 26 consecutive quarters of growth, it’s clear that eSentire has a proven, high-demand business model and solution that will continue to propel the company in the cybersecurity space,” said Lenard Marcus, Partner of Edison Partners and eSentire board member, who led the investment. “We’re thankful for J. Paul Haynes (CEO) and the entire eSentire management team who have done a tremendous job in leading the company’s market expansion and delivering an outstanding return for all stakeholders.”
“Edison Partners provided us with strategic go-to-market expertise and access to talent which allowed us to scale rapidly over the past four years,” said J. Paul Haynes, eSentire CEO. "We greatly appreciate their advice and support in our mission.”
Edison will maintain a minority ownership position in the new company.
Edison Partners has financed and guided more than 200 private companies, including 47 Enterprise technology companies. Noteworthy exits include Archive Systems, Best Software, Fiberlink, Insoft, Logfire, M5, Mathsoft, MDY, NFR Security, Notable Solutions, Presidium, RedVision, Tangoe, Telarix, TetraData, Uptivity, VFA, VirtualEdge and Visual Networks. Current Enterprise solutions portfolio companies include: All Traffic Solutions, Bricata, KEMP Technologies, KDS, Motionsoft, Neat, PlumChoice, Salsa, Vox Mobile and Zagster.
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 24×7 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 500™ 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 http://www.esentire.com and follow @esentire.
About Edison Partners
For more than 30 years, Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey and build successful companies. Through the unique combination of growth capital and the Edison Edge platform, consisting of operating leverage, the Edison Director Network, and executive education, Edison employs a holistic approach to accelerating growth and creating value for businesses ($5 to $20 million in revenue) in financial, healthcare, enterprise and marketing technology sectors. Edison’s active portfolio has created aggregate market value exceeding $10 billion. Its long-tenured team based in Princeton, N.J., manages more than $1 billion in assets throughout the eastern United States.