Bregal Sagemount's Investment in 360 Advanced
In a significant move for the cybersecurity and compliance landscape, Bregal Sagemount, a prominent private equity firm, has announced a growth investment aimed at bolstering the capabilities of 360 Advanced. This strategic partnership will pave the way for enhanced services and solutions in the ever-evolving field of cybersecurity.
About 360 Advanced
Established in 2009, 360 Advanced has quickly risen to prominence as a trusted provider of cybersecurity and compliance frameworks. Their commitment to delivering high-quality services has garnered them a strong reputation among diverse sectors, including healthcare, finance, and technology. Their array of audit and attestation services guarantees that client security needs are met with the utmost standards.
The Partnership Vision
Zuhair Khan, Co-Head of Bregal Sagemount’s Basecamp fund, remarked on the investment: "We are excited to partner with 360 Advanced and support their growth journey." This partnership anticipates strengthening 360 Advanced’s market position as it continues to offer innovative, technology-driven solutions tailored for client success. Both organizations share a vision for client-centric service delivery, capable of navigating the complexities of compliance.
Strategic Growth Plans
The investment from Bregal Sagemount is not just a financial commitment; it's a strategic alliance aimed at propelling growth. Dan Collins, CEO of 360 Advanced, expressed enthusiasm about the investment, emphasizing the role it will play in accelerating their objectives. This partnership will open doors for 360 Advanced to expand their market reach and further enhance their service offerings.
Shifts in Operational Structure
With the new investment, 360 Advanced is set to operate under an alternative practice structure. 360 Advanced Cybersecurity, LLC will focus on advisory and non-attest services, while 360 Advanced, Inc. will offer attest services as a licensed CPA firm. This dual-structure approach is designed to maximize efficiency and cater to their clients' distinct needs.
Legal Counsel and Advisory Support
Leading legal firms advised both parties during this transition. Goodwin Procter LLP and Vedder Price PC represented Sagemount, while Hunton Andrews Kurth and Shumaker, Loop, and Kendrick supported 360 Advanced. Additionally, DC Advisory lent advisement to 360 Advanced during the deal.
About Bregal Sagemount
Bregal Sagemount stands out in the realm of private equity with over $7.5 billion in cumulative capital raised. The firm specializes in delivering flexible capital and strategic assistance to companies poised for growth in high-demand sectors. Their diverse portfolio includes 75 companies across financial technology, software, digital infrastructure, and healthcare IT.
Insights on Future Directions
With this new partnership, 360 Advanced is positioned for continued success. The firm is committed to its relationship-focused approach, leveraging seasoned professionals to navigate the cybersecurity landscape. Their dedication to tailored roadmaps ensures that clients receive the support needed to strengthen their overall security posture.
Expanding Client-Centric Solutions
As a licensed PCI Qualified Security Assessor, HITRUST CSF Assessor, and State/FedRAMP 3PAO, 360 Advanced is well-equipped to provide a comprehensive range of cybersecurity solutions. This includes their SOC Suite, which addresses various compliance needs. Their specialized 360 Cyber team enhances security preparedness through services like vulnerability assessments, remediation, and advisory support.
Frequently Asked Questions
What is the purpose of Bregal Sagemount's investment in 360 Advanced?
The investment aims to enhance 360 Advanced's growth capabilities and improve its service offerings in cybersecurity and compliance.
How will 360 Advanced benefit from this partnership?
360 Advanced will accelerate its growth and expand its market reach, enhancing its client-centric solutions.
What services does 360 Advanced provide?
360 Advanced offers a variety of cybersecurity and compliance services, including SOC audits, PCI assessments, and risk evaluations.
What does the new operational structure entail?
Under the new structure, 360 Advanced Cybersecurity, LLC will provide advisory services, while 360 Advanced, Inc. will focus on attest services.
Who provided legal counsel during this investment?
Goodwin Procter LLP and Vedder Price PC represented Sagemount, while Hunton Andrews Kurth and Shumaker, Loop, and Kendrick aided 360 Advanced.
