Share your thoughts about this story in the Comments section below, via Twitter or email me at. TPG and Coatue have great track records with growth companies like Box and we’re excited to work with them as we execute on our strategy,” a Box spokesperson said. As always, investing in our customers, technology and future growth remains our top priority. “Our plan continues to be to go public when it makes the most sense for Box and the market. The cloud storage provider officially filed for a $250 million IPO in March and has pledged to expand its “sales reach through channel and strategic partners.”īox, however, has not set a date to go public, according to Forbes. TPG Growth also will appoint a director to the Box Board of Directors as part of the agreement.įull terms of the transaction were not disclosed.īox today has over 27 million users at more than 240,000 businesses globally, including 99 percent of the Fortune 500, and the new investment moves the company closer to launching an initial public offering (IPO). “We’re excited to work with TPG Growth and Coatue as we continue to aggressively invest in our customers, technology and future growth.” This focus has been instrumental in building a customer base that includes some of the most influential businesses in the world,” Levie said in a prepared statement. “Our mission is to help organizations be more productive, collaborative and competitive by connecting people and their most important information. The investment comes even as the company prepares for an initial public offering (IPO).Īaron Levie, Box’s CEO, said he believes the new investment will help his company expand its customer base. Still, Arctic Wolf also has a pure-play channel strategy and the company’s $4.3 billion valuation suggests growing business momentum.Cloud storage and file sharing services provider Box has received a $150 million investment from TPG Growth and Coatue Management. For instance, Huntress raised $40 million in Series B funding in May 2021, and the company has a pure-play cybersecurity strategy that engages MSPs. Venture-backed startups are also in the market. Kaseya acquiring RocketCyber - though that was a small tuck-in deal, and Kaseya has been busy recovering from a REvil Ransomware cyberattack against VSA software in July 2021.ConnectWise acquiring Perch and Stratozen.Barracuda Networks acquiring Skout Cybersecurity.With that opportunity in mind, some MSP software platform providers have been acquiring their way into the SOCaaS market. The big question: Can Arctic Wolf set a SOCaaS standard for thousands of channel partners worldwide? Many of those partners, including small MSPs, don’t have the talent or financial resources to build and fully staff their own security operations centers (SOCs). Potential Arctic Wolf Competition, MSP Alternatives Arctic Wolf also has onboarded approximately 400 new employees in the last 12 months and plans to add 500 new roles in the coming year. Arctic Wolf Networks provides SOC-as-a-service that redefines the economics of security. This increases from 80-150m in valleys to 300-400m at high elevations and in the. based on the amount of investment dollars raised since 2019, according to investment tracker Crunchbase. This basalt dome in northern Siberia above the Arctic Circle is at the. Meanwhile, Arctic Wolf has 650 global partners and over 40,000 trained sellers, the company noted. The fresh capital gives Arctic Wolf a valuation of 4.3 billion, the fourth-highest valuation for a private cybersecurity company in the U.S. The company ensures organizations can leverage its platform and experts to access threat telemetry from endpoint, network and cloud sources and find ways to guard against cyberattacks. Arctic Wolf also launched its Managed Security Awareness training solution in May 2021.Īrctic Wolf provides the Arctic Wolf Platform and Concierge Security experts to help organizations improve their security operations.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |