ABRY Partners, a North America based private equity form, founded in 1989 and currently managing over $5.0 billion of capital in their active funds, has acquired SiteLock – a global provider of website security solutions. Financial terms of the acquisition were not disclosed.
Founded in 2008, SiteLock is a provider of cloud-based, comprehensive website security solutions. Its “innovative and award-winning” website security products protect more than 12 million websites globally. In 2017, SiteLock was named by Deloitte as the fastest growing software company in Arizona for the third consecutive year, and the fastest growing company in Arizona overall.
At CloudFest 2018 in Rust, Germany, we had a video interview with Tom Serani, Executive Vice President Global Channels at SiteLock. In this interview, Mr. Serani stresses the need for innovation when it comes to detecting security threats and protecting websites, and he claims it to be a major contributor to their company successes. Watch the full video interview here.
“The investment from ABRY Partners is a testament to our culture of innovation and dedication to building a reliable platform to protect organizations across the globe,” said Neill Feather, Chief Executive Officer (CEO) of SiteLock. “Cyber security attacks continue to increase at an unprecedented pace. During the fourth quarter of 2017, the average website experienced more than 44 attacks per day, and there was a 90 percent rise in the number of businesses targeted by ransomware for a total $5 billion financial impact. We are excited to work with the team at ABRY to continue to develop new products and solutions to support and protect our customers.”
SiteLock’s 360-degree monitoring would find and fix threats, prevent future attacks, accelerate website performance and meet PCI compliance standards for businesses of all sizes.
“We are excited to partner with SiteLock to support their continued innovation of new products and solutions both organically and inorganically,” said Brian St. Jean, Partner at ABRY Partners. “As threats become more complex and frequent, organizations need a comprehensive and reliable solution to protect their online presence. We believe SiteLock is well positioned to continue to be the go-to partner for website security needs.”