Funding to facilitate growth in Managed Security Services
San Diego, CA (November 10, 2014) – Huntington Capital Fund III, LP (“Huntington”), a San Diego based lower-middle market focused private equity fund, has announced the completion of a $4.0 million mezzanine loan and equity commitment in Datashield, LLC (“Company”), a managed security services provider. The new financing will be used to help build out the Company’s direct sales force and grow the security operations center team.
Founded in 2009, Datashield is one of the fastest growing cyber security firms in North America with over 40+ employees. The Company handles company data and cyber security in several business sectors including: healthcare, financial services, energy and gaming. It is a leading provider of managed security services to the mid-market and leverages human-based intelligence driven by an advanced security operations center that provides continuous network monitoring, detection, analysis and reporting. The Company was recently awarded Platinum status by RSA, the Security Division of EMC and is the first to achieve this premier level under the new RSA® Managed Service Provider program released earlier this year.
Frank Mora, Principal at Huntington Capital, commented, "We look forward to partnering with the Datashield management team and being a part of the Company's growth. Cyber security threats are growing exponentially and we believe leading vendors like Datashield will provide its customers an invaluable tool and service for combating these threats."
In 2013, Datashield became RSA’s first Managed Security Partner (MSP). The union pairs industry leader RSA’s state-of-the-art software to detect and identify advanced security threats, along with Datashield’s security experts and processes to make sense of the results and provide actionable data. Together, Datashield and RSA help customers sift through the mountains of data to successfully identify, analyze, and respond to advanced data security threats.
"We are very pleased to partner with Huntington to grow our managed security services business. Huntington brings valuable experience and strategic insight that will help us realize the potential for our services. The Company enjoys strong, supportive relationships with its clients, and we are well positioned to capitalize on the need for managed security services from companies across the U.S. and worldwide", commented Michael Malone, Datashield’s founder and CEO.
Datashield is a leading provider of customized managed security services for enterprise-level organizations, combining cutting-edge technology with deep industry expertise to build threat-driven security operations. The Company offers fully managed security and critical incident response services to customers, leveraging RSA’s advanced, intelligence-driven security operations center (SOC) capabilities. Datashield makes these capabilities available and accessible to companies of all sizes to help accelerate the detection, investigation, remediation, and management of security incidents and vulnerabilities. For more information, please visit www.datashieldprotect.com
About Huntington Capital
Based in San Diego, CA, Huntington Capital is a leading mezzanine capital provider to underserved, lower middle market companies throughout California and the Western United States. Founded in 2000, Huntington is currently making new investments out of its third fund, Huntington Capital Fund III, L.P. Huntington seeks to invest in established lower middle market businesses generating between $10 million and $75 million in revenues across a broad range of industries; investments are typically structured in the form of growth capital, buyout or acquisition financing ranging between $2.0 million and $9.0 million. The firm has invested in approximately 50 companies since its founding. Partners Morgan Miller, Tim Bubnack and Frank Mora lead Huntington’s management team. For more information, please visit the company website at www.huntingtoncapital.com.