Cybersecurity firm Securonix raises $1 billion in Vista-led round

Feb 15 (Reuters) – Cloud-based security solutions provider Securonix has raised more than $1 billion in a private round led by private equity firm Vista Equity Partners, the company said on Monday. company.

The capital raised will allow it to make significant investments in hiring senior talent and expanding its offerings around the world, its co-founder and chief executive Sachin Nayyar told Reuters in an interview.

The company – based in Addison, Texas – offers cloud-based cybersecurity threat detection and response services and is one of the largest in the category.

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Securonix serves enterprise customers and government agencies around the world, including drug wholesaler AmerisourceBergen (ABC.N), and the United States accounts for more than half of its revenue.

“We really think now is the time for us to invest a lot more,” Nayyar said. “We want to provide better intelligence and detection in applications.”

Securonix raised over $50 million from investors prior to the deal. Investment companies Volition Capital and Eight Roads Ventures participated in this financing round alongside Vista Equity. Terms of the agreement were not disclosed.

It announced a marketing partnership with cloud data warehousing company Snowflake Inc (SNOW.N) last year. Nayyar said Securonix plans to partner with other data analytics platforms.

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Reporting by Krystal Hu in Beijing; Editing by Simon Cameron-Moore and Rashmi Aich

Our standards: The Thomson Reuters Trust Principles.

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