Drawbridge Announces Growth Fairness Investment From Extended Ridge Equity Associates
3 min readNEW YORK, March 9, 2021 /PRNewswire/ — Drawbridge, a premier company of cybersecurity software program and options to the option expense industry, nowadays declared it has shut a minority investment from Long Ridge Equity Associates. Drawbridge will use the resources to speed up item innovation, broaden sales and marketing things to do across North The usa and EMEA, and go on investing in its men and women, system, and consumer expert services. The expense follows a time period of extraordinary expansion for Drawbridge. Above 300 money in the different financial investment business with a lot more than $800 billion in Belongings Under Management operate with Drawbridge to create and manage their cybersecurity applications.
Established in 2018, Drawbridge’s resolution aids choice financial commitment supervisors and portfolio corporations deal with their expanding cyber stability demands by centralizing the administration of a extensive cybersecurity program. The firm’s proprietary engineering system can help corporations navigate the evolving regulatory and danger landscape, manage governance, danger and compliance (GRC) needs, and combat subtle cyber threats. The Drawbridge system facilitates the generation of a resilient cybersecurity method for its consumers in get to strengthen their danger postures, meet SEC prerequisites, and exceed compliance and operational due diligence necessities.
Drawbridge shoppers can simply aggregate cyber possibility assessment information to drive evaluation, identify system strength and make a roadmap and endeavor listing for remediation. Companies can effortlessly evaluate 3rd-party cybersecurity dangers in the Drawbridge system, which launches Due Diligence Questionnaires (DDQs) to 3rd-social gathering distributors, tracks responses and completion position, and merchants all significant seller information. Drawbridge clients can repeatedly keep an eye on cybersecurity dangers and perform ongoing vulnerability scanning to safeguard versus breaches. The platform also enables customers to generate policies for Cyber & Data Protection, Incident Response, Business enterprise Continuity, and Info Privacy.
“Drawbridge’s accomplishment is a testament to the investments we have designed in our program, support innovation and crew. We are thrilled to spouse with Extended Ridge as we embark on our up coming period of growth,” reported Jason Elmer, Founder and CEO, Drawbridge. “Our commitment to client achievement and engineering innovation has authorized Drawbridge to carry on to develop even for the duration of a period of time of unprecedented international challenges. We’re grateful to have a lover like Extended Ridge to support us as we speed up our momentum, introduce new performance, and give our shoppers with the ideal items and steering to protect their crucial programs.”
“Alternative expenditure firms confront a tough threat landscape and escalating LP because of diligence requires that can pose significant business enterprise challenges and impede progress,” reported Kevin Bhatt, Managing Spouse at Very long Ridge. “Drawbridge delivers a one of a kind blend of cybersecurity application and providers to support customers control their cybersecurity specifications via a single technologies platform when lessening security invest and complexity. The enterprise is effectively-positioned for ongoing advancement and we are thrilled to associate with Drawbridge’s proven staff as they broaden their world-wide access, introduce new goods, and keep on to improve their outstanding shopper foundation.”
As section of the financial investment, Kevin Bhatt and Jason Melton of Very long Ridge will join customers of the Drawbridge executive team on the Board of Directors.
About Drawbridge:
Drawbridge is a leading supplier of cybersecurity computer software and remedies to the substitute expense sector. Its proprietary system can help companies exceed and handle their governance, danger and compliance (GRC) necessities while combatting subtle cyber threats and third-celebration hazards. Drawbridge’s system connects business, compliance and IT to empower firms to centralize and control their most robust safety packages, increase their hazard profile and elevate institutional funds. With a analyzed group concentrated on price supply and a 300+ potent client base, Drawbridge gives unmatched customer assistance and flexibility to assist enterprises proactively handle vulnerabilities, prepare for progress, and minimize complexity.
About Prolonged Ridge:
Established in 2007, Prolonged Ridge Equity Companions is a private investment firm targeted on the economical and enterprise engineering sectors. Leveraging deep sector expertise and an substantial network of marketplace methods, Lengthy Ridge serves as a value–added lover to high–growth corporations. Around the last fifteen many years, Lengthy Ridge’s principals have sponsored some of the most profitable growth firms in the fiscal and organization engineering sectors, delivering strategic means and funds to push financially rewarding enlargement. Long Ridge manages in excess of $900 million of dedicated money. For additional details on Extensive Ridge Equity Partners, you should go to www.extensive-ridge.com.
Supply Drawbridge
