KeyData Associates Enters into a Partnership with CIVC Partners
KeyData Associates entered into a partnership with CIVC Partners in July this year to support the company's expansion and steady growth in cybersecurity services.
It seems like new major cybersecurity breaches happen every day, though only big-name victims like Equifax, Twitter, Microsoft, and the Colonial Pipeline grab the headlines. But, quite frankly, companies of every size are at increasingly high risk of an attack, and as they draw more and more value from their data, they tend to carry larger and larger risks. At the same time, the pandemic completely upended the threat landscape as we know it, with ransomware accounting for 2.9 million attacks so far in 2021.
As cyberattacks become more frequent and sophisticated, the demand for cybersecurity-related services is naturally booming, and that may be something investors and partners are leveraging on. In addition, the incidents have created an unprecedented need for emerging technologies, attracting both security vendors and investors to look closer at newer cybersecurity technologies.
“We are seeing a perfect storm of factors coming together to create the most aggressive threat landscape in history for commercial and government organizations around the world,”said Dave DeWalt, Founder and Managing Director of NightDragon. “As an investor and advisor, I feel we have a responsibility to help these organizations better prepare themselves to mitigate this growing risk.”
Indeed, it is encouraging to see investors and security companies' CEOs pay serious attention by putting resources and capital in place to fund security innovations that address the cybersecurity challenges of today and tomorrow.
In that vein, KeyData Associates entered into a partnership with CIVC Partners in July this year to support the company's expansion and steady growth in cybersecurity services.
KeyData, an industry leader in cybersecurity advisory services, systems integration services, and managed services,was founded in 2005to service the needs of businesses suffering from cyberattacks that are growing exponentially every day. Currently, the company providesIAM solutionsand best practices designed to make sure that businesses get the most out of their identity and access management tools. Besides, KeyData offersprivileged access management (PAM) solutionsto help organizations govern rights and permissions that are more administrative. Another company's service iscustomer identity access management (CIAM), which ensures that customers' logins are safe from prying eyes. KeyData also providescloud security posture management (CSPM)focused on securing every place, and every way companies and users connect online. The CSPM services aim to maintain, control, and secure every site where employees and users connect to access corporate assets such as externally hosted software, data, or processes.
KeyData's customers represent a cross-section of North American companies, from Fortune 500 to Fortune 2,000 and from all industry sectors and governments (all levels). The company's industry-leading methodologies and risk-based approach, along with its multitalented expert resources, enable these clients to meet their business objectives and achieve success from design through implementation. Overall, KeyData's expert resources work closely with clients to assist them in reducing risks to their critical infrastructure, protect their crown jewels and sensitive data from unauthorized access and cyber threats, enable digital transformation, protect consumer privacy, and address regulatory and governance requirements.
According tothe official press statement released by CIVC, the “partnership provides KeyData with additional capital and resources to enhance and expand its identity security services to adjacent cybersecurity services, both organically and through strategic add-ons acquisitions.”
“We are thrilled to be partnering with the CIVC team to help us accelerate our growth trajectory,”said Rosa Caputo, Founder and Chief Executive Officer of KeyData. “CIVC has been an active investor for over 30 years, and they will be a highly strategic partner moving forward as we execute on our growth strategy.”
J.D. Wright, a Partner at CIVC, added that“KeyData is the undisputed leader in Canada for identity security services with an exceptional track record of client satisfaction, customer loyalty, and deep technical expertise. We are looking forward to our partnership with the KeyData team to further cement the company's market leadership.”
Undoubtedly, this partnership builds on CIVC's investment experience in the IT services sector.CIVC partnership criteria and approachinvolve aligning incentives with key members of management through broad equity participation. CIVC serves as a thought partner to management in developing a strategic plan and providing the management the flexibility and autonomy necessary to operate and grow the business, thereby creating long-lasting, mutually beneficial relationships. The partnerships are growth-focused, centered on growth rather than financial engineering or excess leverage to generate returns.
