ABRY Partners acquires SiteLock
Investment from prominent private equity firm to accelerate company’s growth and product innovation strategy
SiteLock, a provider of website security solutions, has been acquired by ABRY Partners, a g private equity firm.
Founded in 2008, SiteLock provides mission solutions that protect organisations from the ever evolving cyber security threats.
"We are excited to partner with SiteLock to support their continued innovation of new products and solutions both organically and inorganically," said Brian St. Jean, partner at ABRY Partners. "As threats become more complex and frequent, organisations need a comprehensive and reliable solution to protect their online presence. We believe SiteLock is well positioned to continue to be the go-to partner for website security needs."
"The investment from ABRY Partners is a testament to our culture of innovation and dedication to building a reliable platform to protect organisations across the globe," said Neill Feather, CEO, SiteLock. "Cyber security attacks continue to increase at an unprecedented pace. During the fourth quarter of 2017 the average website experienced more than 44 attacks per day, and there was a 90% rise in the number of businesses targeted by ransomware for a total $5bn financial impact. We are excited to work with the team at ABRY to continue to develop new products and solutions to support and protect our customers."
"We are grateful to all our employees and to Unitedweb for their investment in our growth," added Feather. "Together with the Unitedweb team we have pioneered the website security industry and made solutions and protection accessible to businesses of all sizes and types."
"We are proud to have supported SiteLock for more than 10 years as it has grown to become the leading provider of website security solutions," said Tomas Gorny, chief executive officer, Unitedweb. "We are excited to see what's next for their growing team and what they accomplish in partnership with ABRY Partners."