With Private Equity, Entrust Provides More Innovative Cyber Security Solutions
With reports of cyber-attacks on the rise, governments, businesses and consumers alike are concerned about securing private data like the identities of government employees abroad, intellectual property and banking transactions. A new video released today by the Private Equity Growth Capital Council as part of its ongoing Private Equity at Work campaign highlights how private equity is part of the cyber security solution.
The video features Entrust, a leading provider of identity-based security solutions. With capital support and operational expertise from private equity firm Thoma Bravo, Entrust has transformed to better provide critical, innovative services to help government entities and corporations manage the growing threat of cyber security.
Thoma Bravo’s investment team helped Entrust innovate by extending its traditional software authentication to mobile devices and the cloud. This better protects customers ranging from the U.S. government to banking institutions from the threat of a cyber-attack.
Since partnering with Thoma Bravo, Entrust has increased revenues from $91 million to an expected $120 million in 2013, and has grown “software as a service” and subscription revenues to nearly 70 percent of the company’s total revenue.
“Private equity is long-term capital that is being put to use to solve some of our country’s greatest security challenges,” said Steve Judge, president and CEO of the PEGCC. “Every day, private equity helps companies like Entrust grow and innovate so they can provide better, more reliable services that benefit us all.”
See the video below:
