{"id":692268,"date":"2022-10-05T07:45:22","date_gmt":"2022-10-05T11:45:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/netspi-raises-410-million-in-growth-funding-from-kkr\/"},"modified":"2022-10-05T07:45:22","modified_gmt":"2022-10-05T11:45:22","slug":"netspi-raises-410-million-in-growth-funding-from-kkr","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/netspi-raises-410-million-in-growth-funding-from-kkr\/","title":{"rendered":"NetSPI Raises $410 Million in Growth Funding from KKR"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n New investment to fuel the offensive security leader’s record-breaking growth and innovation pipeline<\/i>\n <\/p>\n

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\n MINNEAPOLIS<\/span>
\n <\/span>, Oct. 5, 2022<\/span><\/span> \/PRNewswire\/ — NetSPI<\/a>, a leader in enterprise penetration testing and attack surface management, today announced that global investment firm KKR<\/a> is increasing its investment in the company with $410 million<\/span> in new funding. The growth investment validates NetSPI’s significant outperformance since KKR’s initial investment<\/a> in May 2021<\/span> and will support NetSPI’s continued technology innovation, talent acquisition, and global expansion, as well as recapitalizing NetSPI’s first institutional investor Sunstone Partners<\/a>.<\/p>\n

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Enterprises rely on NetSPI’s comprehensive suite of offensive security solutions \u2013 Attack Surface Management, Penetration Testing as a Service (PTaaS), and Breach and Attack Simulation \u2013 to uncover critical security gaps, minimize risk, and reduce the likelihood of a security incident. Founded in 2001, NetSPI leverages its ‘technology powered, human delivered’ penetration testing approach to improve the security of organizations globally, including the top financial institutions, largest cloud providers, leading healthcare organizations, and many of the Fortune 500.<\/p>\n

“We are excited to double down on our investment in NetSPI to help build a differentiated leader in offensive cyber security,” said Jake Heller<\/span>, Partner and Head of KKR’s Technology Growth team in the Americas. “We have been very impressed by the performance of the company and the exceptional execution by Aaron and his team over the past 18 months. We believe this is just the beginning of what we can accomplish together.”<\/p>\n

“We’re both grateful and proud of the industry disruption we drove during our partnership with Sunstone Partners,” said Aaron Shilts<\/span>, CEO at NetSPI. “As we look forward to this next chapter, NetSPI will continue to challenge the status quo in offensive security. With KKR’s support, we are well positioned to amplify our success building the best teams, developing new technologies, and delivering excellence, so that the world’s most prominent organizations can innovate with confidence.”<\/p>\n

NetSPI has consistently outpaced growth forecasts. Over the past five years, the company has grown its revenue five-fold, exceeding 50 percent organic revenue growth in 2021<\/a> and 61 percent growth in 2022 to date. Key growth drivers include:<\/p>\n