Digital Guardian announced it has received $30 million in additional financing. LLR Partners, a leading private equity firm and existing investor, was the lead on the round and previous investors also participated.
These investors recognize with the onslaught of new data protection regulations like GDPR and the newly passed California Consumer Privacy Act, the global demand for data protection solutions will continue to rise dramatically, positioning Digital Guardian for significant future growth.
“We are seeing increasing demand from organizations around the world for next-generation data protection solutions that secure sensitive information against both insider threats and external attacks,” said Mordecai Rosen, chief executive officer, Digital Guardian.
“With this strategic investment and new leadership at the helm, we will be able to successfully capitalize on the growing demand by accelerating product development and innovation.”
“With the advent of new compliance and privacy regulations, there is a tremendous market opportunity for a company that specializes in effective data protection,” said David Stienes, partner, LLR Partners.
“We value Digital Guardian’s mission of protecting the most sensitive data assets for the world’s leading organizations and have the highest degree of confidence in Mordecai and his new executive team. We are pleased to support their next phase of growth and development.”
Digital Guardian’s cloud-delivered Digital Guardian Data Protection Platform now secures more than 4.5 million endpoints across 50 countries worldwide in high-growth verticals, including financial services, manufacturing, healthcare, technology, and professional services.
To satisfy demand for the cloud-delivered Digital Guardian Data Protection Platform, the company expanded its bench with new management team additions for engineering, corporate strategy and product management.
Constance (Connie) Stack, Chief Strategy Officer and Chief Marketing Officer. Connie joined Digital Guardian in 2013 as Chief Marketing Officer and led the efforts to rebrand the company and begin its transformation from a virtual unknown cybersecurity player to an award-winning, Gartner and Forrester recognized market leader in data loss prevention and endpoint detection and response.
In her new role, Connie will help set the corporate strategy to ensure Digital Guardian’s offerings meet ever-evolving market needs and support the continued growth of the business. In addition to her new responsibilities, Connie will also continue to lead the global marketing team.
Debra Danielson, Chief Technology Officer and SVP of Engineering. Debra has held technical, strategic, operational, and managerial leadership roles over her 25+ year career. Prior to joining Digital Guardian, Debra was a Distinguished Engineer and SVP, Merger and Acquisition Strategy at CA Technologies, where she was responsible for identifying opportunities within emerging technologies, markets, and products.
Debra will be responsible for leading the technical vision while overseeing the day-to-day operations of the engineering function, including product development, quality assurance, and sustaining engineering.
Ben Cody, Senior Vice President, Product Management. Ben will lead the product strategy for all of Digital Guardian’s product and service lines. He will work closely with sales, product marketing and field engineering on go to market strategy and product lifecycle management.
Ben’s entire 26+ year career has been dedicated to building world class enterprise software products. Prior to joining Digital Guardian, Ben was Vice President of Product Management at McAfee and was responsible for data protection and platform technologies.