Critical infrastructure protection firm OPSWAT has secured $125 million growth funding from Brighton Park Capital. The money will be used to accelerate the firm’s global growth, to invest in R&D, and to pursue strategic acquisitions.
OPSWAT is expanding rapidly, and Benny Czarny, founder and CEO, expects to hire up to 100 more over the next three years in the Tampa, Florida area.
This is potentially in preparation for an IPO, which Czarny has said is “a couple of years away”.
OPSWAT focuses on secure communications between critical infrastructures, and has more than 1,000 customers spanning Financial Services, Defense, Manufacturing, Energy, Aerospace, and Transportation Systems across 70 countries. It has around 400 employees in total in 10 global offices.
OPSWAT is a privately held company, so detailed financial information is not available. However, its announcement states, “OPSWAT achieved record sales in 2020 and continues to see ever-increasing demand for its critical infrastructure solutions due to increased frequency and sophistication of cyberattacks, as well as heightened global compliance requirements.”
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Its two primary products are MetaDefender and MetaAccess. The first detects and prevents threats to networks across multiple channels such as web traffic, email and removable media. The second focuses on secure device access, such as IoT. These and other products in the modular range support the firm’s security and compliance tag line “Trust no file. Trust no device” (which, incidentally, is trademarked by the firm).
“With a strong foundation and global organization in place, today’s announcement marks a new era at OPSWAT,” comments Czarny.
“OPSWAT’s portfolio of innovative solutions,” adds Mike Gregoire, partner at Brighton Park, “addresses the critical need for cybersecurity protection, particularly as the shift to remote and digital channels continues to accelerate.”.
Founded in 2002 by Czarny, OPSWAT moved its HQ from San Francisco to Tampa, Florida in December 2020 – following the 2019 acquisition of Tampa-based BYOD security firm Impulse.