The leading cloud security vendor TitanHQ has announced that the UK mid-market private equity firm Livingbridge has invested in the company through its Enterprise 3 program.
Livingbridge has been investing in fast growing companies for more than 20 years, with more than 150 companies around the world having benefited from investment, many of which have gone on to become household names. Livingbridge identified TitanHQ as an ideal firm for investment through the Enterprise 3 program, which is used to invest in SMEs up to the value of £50 million.
TitanHQ was selected based on its position as a leader in cloud security, strong demand for its SaaS solutions, and the company’s proved track record for delivering powerful, robust, and effective cloud-based cybersecurity solutions.
“We are delighted to be partnering with TitanHQ, a uniquely positioned business with a well-differentiated product portfolio operating in a fast-growing, attractive market that is benefiting from strong macro tailwinds,” said Livingbridge director, Nick Holder. “There is a tremendous opportunity for Titan HQ to accelerate its growth trajectory over the coming years and we look forward to working closely with the management team to fulfil the company’s potential. Their focus and dedication to the MSP community is completely aligned with our strategy.”
TitanHQ has more than 20 years’ experience delivering cybersecurity solutions to SMBs, ISPs, and managed service providers (MSPs) serving the SMB market and offers three solutions: SpamTitan for email security, WebTitan for web security and internet content filtering, and ArcTitan for email archiving.
The solutions are used by more than 8,500 businesses and over 2,500 MSPs in 150 countries. The company’s clients include Datto, Pepsi, O2, ViaSat, and Virgin. TitanHQ has enjoyed strong year-over-year growth and now has an ARR of more than $15 million. The investment will accelerate product development and will be used to invest in people.
“We are excited to be taking this next step in our growth journey with Livingbridge, a partner that understands the unique strengths of our business, shares our vision for success and has the experience and resources to help us to achieve it,” said TitanHQ CEO, Ronan Kavanagh. “The recent pandemic and the growth of WFH initiatives has further highlighted the need for multiple layers of cyber security and our solutions form key pillars in this security strategy.”