The Galway based cyber security company TitanHQ has secured a major investment from the UK private equity fund Livingbridge.
Headquartered in Salthill, and with offices in Tampa, Florida TitanHQ provides web filtering, email security and email archiving cyber security to businesses.
More than 20 years old, the company provides solutions for over 8,500 businesses and 2,500 Managed Service Providers across 150 countries, including Virgin, O2, ViaSat, Pepsi and Datto.
Livinbridge has bought a stake in TitanHQ through its Enterprise 3 fund, which invests in fast growth SMEs with an enterprise value of up to £50m
Ronan Kavanagh, Chief Executive Officer of TitanHQ, described Livingbridge as “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.”
“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.”
Livingbridge is private equity firm with offices in the UK, the US and Australia, which invests in companies with a valuation of up to €200 million.
Nick Holder, Director at Livingbridge, said that TitanHQ is a “uniquely positioned business” for this fast growing market.
“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.”
image credit: TitanHQ/Linkedin