Private equity firm ABRY Partners have acquired a majority stake in cloud-based web security solution provider SiteLock in a bid to diversify their product portfolio. This acquisition, ABRY Partners believe is a strategic step towards strengthening and supporting their customers with web security solutions.
According to ABRY Partners, the complexity of cyber threats is increasing gradually and organizations need a more comprehensive solution to deal with the same. They also believe that by acquiring SiteLock, ABRY will be the go-to solution for customers’ web security needs.
Speaking about the acquisition, Brian St. Jean, a Partner at ABRY, commented:
We are excited to partner with SiteLock to support their continued innovation of new products and solutions both organically and inorganically.
As threats become more complex and frequent, organizations 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.
As per SiteLock, cyber attacks continue to happen at an unprecedented pace and websites face more than 40 attacks per day.
SiteLock say that they are equally excited to be a part of this deal. Excited about the deal, Tomas Gorny, CEO of UnitedWeb (SiteLock’s parent company), commented:
The investment from ABRY Partners is a testament to our culture of innovation and dedication to building a reliable platform to protect organizations across the globe. We are excited to work with the team at ABRY to continue to develop new products and solutions to support and protect our customers.