Digital Hands Announces First Institutional Capital Round of $15 Million after Pioneering SOC-as-a-Service and Developing Proprietary Cyber Security Service Offerings
Cyber Security Services company that pioneered SOC-as-a-Service at the beginning of the decade takes on growth equity to accelerate market penetration and promote its own intellectual property in protecting corporate networks
TAMPA, Fla. (PRWEB) July 23, 2019
Digital Hands, an award-winning managed security services provider, today announced it has partnered with Fulcrum Equity Partners for a $15 million investment in its first institutional equity round. Since inception and for over a decade the company has thrived with first-to-market managed security services while never having previously taken an institutional round.
The round with Fulcrum comes at a time in the company’s history when the company has proven the viability of its offerings to the large enterprise market, obtained five TSIA (Technology Services Industry Association) Star Awards for service excellence, expanded its geographical footprint, and diversified its offerings from co-management of cyber infrastructure to include innovative services from its own high-performance technology stack.
The company’s flexible service portfolio provides organizations with comprehensive managed security service options to maximize returns on operating their current security investments while adding new security capabilities with no capital outlay and minimal time to value. The company actively supports over 40 cyber security technologies and intends to expand legacy support through their SOAR platform. Digital Hands will use the equity investment to expand its service offerings designed for large enterprise to include mid-tier companies who need the same protection afforded to these large enterprises. This expansion provides customers of all sizes a value point that avoids capital expenditures, ensures timely orchestration and automation, and requires no lengthy service implementation distractions to its own internal staff.
“For the last few years we have flown under the radar while honing the right formula for services and building delivery expertise that meets growing customer demands. 2019 began the shot clock for starting our acceleration and partnering with a venture capitalist to emerge out of that stealth mode,” said Charlotte Baker, CEO of Digital Hands. “Fulcrum was an optimal choice for us because of alignment in growth philosophy, their collaborative DNA, and the fact that the partners are experienced prior operators---a key differentiator for them in our choice. The growth round will not only propel our go-to-market efforts, it will also expedite the development of our orchestration and automation IP. The traditional focus on detection and response is table stakes now in this industry. The new winning combo for us is doing it at speed with high accuracy.”
“Fulcrum has targeted the high growth cyber security segment as a key area of investment focus. Digital Hands really stood out due to its long-standing client relationships, quality service delivery, and highly differentiated processes and intellectual property,” said Frank X. Dalton, Partner with Fulcrum Equity Partners. “The caliber, breadth and technical expertise of the management team further validated the significant growth opportunity that exists.”
About Digital Hands:
Digital Hands is an award-winning managed security service provider (MSSP) focused on delivering 24/7 security operations and capabilities to customers and partners. The company’s SOC-as-a-Service and security solutions are designed to easily integrate into customers’ environments and processes while providing comprehensive protection against the latest security threats. Digital Hands solutions are delivered through CyGuard, the company’s solution platform combining leading-edge technologies, proven operational processes, comprehensive cyber threat intelligence and deep engineering and analytical expertise into one complete solution. The Digital Hands solutions are designed to provide flexibility for customers to augment and enhance some or all their security operations with no capital outlay burden. More information about Digital Hands is available at https://www.digitalhands.com.
Fulcrum Equity Partners is an Atlanta-based growth equity firm with over $350 million under management and focuses on providing expansion capital to rapidly growing companies. Fulcrum will consider investments primarily in information technology, technology-enabled operating companies and healthcare services. https://www.fulcrumep.com