SAN JOSE, Calif.--(BUSINESS WIRE)--Skybox Security, the leader in proactive security management solutions, today announced a $6 million equity investment led by Susquehanna Growth Equity, LLC (SGE), including participation from existing investors. Skybox Security has demonstrated record growth over the past 18 months, including 60 percent year-over-year growth. This round of funding positions Skybox Security to accelerate that growth by expanding sales territories and teams, developing channel partners and adding resources to support a rapidly growing customer base.
“We are delighted to add SGE at this point in our development, as their investment will allow us to capitalize on the market awareness of proactive cyber-security management solutions and accelerate sales,” said Gidi Cohen, CEO at Skybox Security. “We will use these funds to support the growth of Skybox, address new solution use cases and expanded markets for our products, and further develop our sales pipeline. We are also thrilled to announce that Jonathan Klahr of SGE will join Skybox Security as our newest board member.”
“We are focused on investing in growing companies with solid technology offerings and established traction in emerging market spaces,” said Jonathan Klahr, a director at SGE. “The combination of record growth and innovative offerings makes Skybox Security the perfect addition to our portfolio.”
Skybox Security has a strong customer base in the Global 2000, with established accounts in government and defense, energy and utilities, financial services, retail, and other industries. Today, hundreds of leading organizations across the U.S. and Europe use Skybox Security solutions to protect their networks, including six of the top 10 global banks and five of the 10 largest NATO members.
For more information about Skybox Security and its suite of proactive security management solutions visit www.skyboxsecurity.com.
About Susquehanna
Susquehanna Growth Equity, LLC (SGE) is a private equity group investing in growth capital and buyout opportunities in financial technology, information services and software. SGE’s team of dedicated investment professionals brings a unique set of experience combining venture investing with operational expertise. SGE is an affiliate of Susquehanna International Group, LLP (SIG), a world-leading, technology empowered financial trading firm specializing in making markets and providing liquidity. For additional information please visit www.sgep.com
About Skybox Security, Inc.
Skybox Security, Inc. is the leader in proactive security management solutions, providing automated tools that find and prioritize cyber risks such as vulnerabilities, firewall configuration errors, and access compliance issues. Our solutions help IT security personnel continuously monitor security risks that could lead to a data breach or cyber-attack. Organizations in Financial Services, Government, Energy, Defense, Retail, and Telecommunications rely on Skybox Security solutions to reduce risk exposure and achieve compliance. For more information visit www.skyboxsecurity.com
NOTE: Skybox® Security is a registered trademark of Skybox Security Inc. All other registered and unregistered trademarks herein are the sole property of their respective owners. Product specifications subject to change at any time without prior notice. © 2011 Skybox Security, Inc. All rights reserved.