Cybersecurity is forefront of everyone’s minds, especially now that so many employees are working remotely. In fact, eight of ten cybersecurity markets are projected to grow faster than the market average, with Cloud Security growing the fastest by 33%.
Founded in 2008, Sectigo is a company that aims to make cybersecurity easier for its customers via a channel partner program that enables MSSPs, MSPs, and technology resellers to offer multiple solutions via a single API so they can quickly integrate Sectigo’s offerings into their portfolios. Its products are available through retail and enterprise channels, as well as a current network of more than 1,200 partners worldwide.
Sectigo currently has more than 700,000 customers, working with organizations of all sizes. It has been operating as an independent company since Francisco Partners acquired the business in 2017. Sectigo saw strong Q2 2020 results, including growth of more than 25% in online sales and more than 15% in enterprise sales year-over-year. In addition, Sectigo saw record demand for its Sectigo Web Security Platform and delivered new capabilities for Sectigo Certificate Manager, its automated Public Key Infrastructure (PKI) management platform.
But the company is striving to expand even further, just announcing that it is being bought by GI Partners, a San Francisco, California-based leading private investment firm that has raised over $23 billion in capital to invest in private equity, real estate, and data infrastructure strategies.
The acquisition aims to support the acceleration of Sectigo's security innovations and growth as the company works to expand its presence worldwide. The transaction is expected to be finalized in the fourth quarter of 2020.
“The GI Partners team has a strong track record of helping technology companies expand through organic growth acceleration, M&A, and investments to support innovation.” said Bill Holtz, Chief Executive Officer of Sectigo, in a statement. “We have built a strong foundation as a leader in the cybersecurity market and are excited to work with GI Partners to continue delivering value to our customers and partners through automation, products, and acquisitions.”