MorganFranklin Cyber Launches as Independent Firm with M|C Partners
In a significant move, MorganFranklin Consulting's cybersecurity practice has successfully transitioned into an independent professional services firm supported by M|C Partners. This transformation allows the company to further enhance its operational capabilities while retaining its core leadership team, including Pete Schile, Keith Hollender, and Jonah Dimeo, who will continue to steer the organization.
Expansion and Growth in Cybersecurity Services
The shift represents a transformative opportunity for MorganFranklin Cyber as it aims to become a leading player in the global cybersecurity landscape. The firm is strategically positioned to compete with other major service providers, leveraging its expertise in essential areas such as Cyber Fusion Center (CFC/SOC), Incident Response (IR), Identity and Access Management (IAM), and Governance, Risk, and Compliance (GRC).
“M|C Partners’ investment reaffirms their belief in our goals and capabilities,” stated Keith Hollender, now serving as the CEO and Founding Partner. This partnership is poised to drive forward MorganFranklin Cyber’s vision of innovation and customer-centric solutions.
Focus on Diverse Client Needs Across Industries
The firm has garnered trust from clients across various sectors including healthcare, financial services, and technology. As characterized by Pete Schile, the President and Founding Partner, MorganFranklin Cyber employs a tailored and results-oriented strategy to help organizations advance their security initiatives.
“We are excited to embark on this new chapter and eager to expand our reach to meet our clients’ evolving cybersecurity needs,” Schile remarked. This sentiment is reinforced by Jonah Dimeo, who emphasized their team’s adaptability in navigating through numerous industry changes while promoting growth.
Investing in Future Cybersecurity Innovations
With private equity backing from M|C Partners, which has a strong background in technology and service investments, MorganFranklin Cyber is set to capitalize on new growth opportunities. M|C Partners has successfully supported over 150 companies, providing significant resources to help drive effective market strategies.
“MorganFranklin Cyber exemplifies the forward-thinking and mission-critical organizations we aim to partner with,” said Travis Keller, Managing Partner at M|C Partners. This collaboration promises to address the increasing demand for effective cybersecurity solutions.
The Growing Cybersecurity Market
The global cybersecurity market currently stands at approximately $194 billion and is projected to surge to around $563 billion by 2032. This rapid escalation underscores the necessity for businesses to have trusted cybersecurity advisors capable of formulating and implementing distinctive security protocols.
MorganFranklin Cyber is committed to delivering comprehensive, end-to-end solutions that adapt to each client’s unique requirements. By offering services that range from advisory and management consulting to project resourcing, the firm is poised to effectively serve mid-sized enterprises and larger organizations alike.
About MorganFranklin Cyber
MorganFranklin Cyber stands out as a premier global professional services firm, specializing in enhancing and maintaining robust cybersecurity systems. It focuses on providing adaptable, efficient cybersecurity solutions that align with current market demands.
About M|C Partners
M|C Partners is a dedicated private equity firm that emphasizes the importance of digital infrastructure and technology services. With three decades of experience, they are adept at identifying and nurturing growth opportunities within innovative companies.
Frequently Asked Questions
What is the significance of MorganFranklin's transition to independence?
This transition allows MorganFranklin Cyber to target operational expansion and market growth independently, enhancing its service offerings.
What sectors does MorganFranklin Cyber serve?
MorganFranklin Cyber works across multiple sectors including healthcare, financial services, aerospace, and technology.
How will the partnership with M|C Partners benefit MorganFranklin Cyber?
The partnership provides essential resources and strategic guidance, enabling MorganFranklin Cyber to scale operations and innovate.
What challenges has MorganFranklin Cyber faced in the market?
It has navigated branding changes and evolving market demands while focusing on client acquisition and expansion.
What is the outlook for the cybersecurity industry?
The cybersecurity industry is projected to grow significantly, indicating increasing opportunities for firms like MorganFranklin Cyber to expand their market presence.
