[April 05, 2017] |
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Armor Announces $89 Million Investment from ST Telemedia
Armor,
The First Totally Secure Cloud Company™, closed an $89 million equity
financing led by ST
Telemedia (STT). STT has become a joint lead shareholder with The
Stephens Group (TSG), the existing majority shareholder. The
investment from STT will accelerate the adoption of Armor's managed
security platform for public and hybrid cloud environments.
"Armor protects approximately 1,200 customers across more than 40
countries," said Chris Drake (News - Alert), founder and CEO, Armor. "Much of our
growth has been attributed to word-of-mouth and customers seeking us out
as they searched for a reliable security partner. Our goal is for the
global community to embrace what our customers already know - Armor's
end-to-end cloud security orchestration platform is the best approach to
protect sensitive data backed by measurable results. This additional
capital and partnership with STT will help spur innovation, drive brand
awareness and broaden global distribution channels."
As the first company to establish a secure hosted cloud, Armor's
proprietary platform integrates threat intelligence, automated security
orchestration and machine learning managed by a world-class security
operations center (SOC). Providing 24/7/365 managed protection,
detection and response against any cyber threat, Armor delivers
industry-best SLAs, including dwell times of less than one day. The
company's flexible solutions also help customers adhere to compliance
requirements such as PCI (News - Alert), HIPAA/HITRUST, SOC and ISO.
"Security is a baseline concern as organizations seek to move to the
cloud," said Nikhil Eapen, chief strtegy and investment officer, STT.
"Protecting data and ensuring compliance is complex and organizations
need specialized help to keep pace with increasingly complex cyber
threats. For years, Armor has quietly proven the value of their
solutions by protecting a large and respectable customer base in a
variety of industries. STT is an active investor in technology
infrastructure and enterprise software with a strong focus on driving
value across our portfolio of communications, media and technology
companies. Armor's strong performance, with shareholder support from STT
and TSG, creates real opportunity to gain market share as public clouds
continue to gain popularity and awareness of Armor increases."
"For the last four years, Armor's capabilities have been presented as
our security solution of choice as we expand our footprint and market
share within facilities management software," said Sunil Padiyar, chief
technology officer, FacilitySource.
"Their ability to consistently execute and provide unparalleled support
within cloud environments has been critical for keeping our customer
data safe while maintaining the integrity of our platform. Armor
solidifies our offering with proven security putting our customers and
my team at ease. We look forward to seeing what the future holds as they
accelerate growth."
With an industry-leading TCO, Armor outperforms competitors and
do-it-yourself approaches to security. ROI has been calculated by a
commissioned study conducted by Forrester
Consulting on behalf of Armor detailing Armor's total economic
impact. The study analyzed benefits, costs and risks based on use cases
from Armor customers. We think these are compelling results that
reinforce the company's ability to reduce the need for customers'
security and compliance staff with its automated orchestration platform.
Credit Suisse acted as the exclusive advisor to Armor in connection with
this transaction.
ABOUT ST TELEMEDIA
ST Telemedia (STT) is an active investor in Communications, Media and
Technology (CMT) space. Focused on catalysing growth and creating
sustainable value for its stakeholders, STT has built a strong portfolio
of complementary assets and businesses across the digital value chain.
With decades of experience investing in, building and operating CMT
businesses across the globe, the company has a proven track record in
helping its investments grow and succeed. For more information, please
visit www.sttelemedia.com.
ABOUT ARMOR
Armor is The First Totally Secure Cloud Company™ that protects
customers' vital assets and helps prevent data breaches through managed
multi-layer security for public and private clouds. The Armor team also
applies extensive military cyber security experience for proactive
threat detection, response and remediation. Forward-thinking
organizations trust Armor for data security and compliance to stay ahead
of cyber threats in the cloud. To learn more, visit www.armor.com
or follow @armor.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170405005433/en/
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