A-Lign Cybersecurity Adds $54.5 Million in Growth Equity Funding
A-Lign, a cybersecurity and compliance services provider, has secured $54.5 million in funding from growth equity investment firm FTV Capital. The company also has added FTV Partner Liron Gitig and Managing Partner Richard Garman to its board of directors.
The growth equity investment enables A-Lign to bolster its cybersecurity and compliance services, platform and capabilities, according to a prepared statement. Also, the investment allows A-Lign to expand its team and explore ways to further support its customers.
What Is A-Lign?
A-Lign is a Florida-based company that specializes in information technology and security audits for small and medium-sized businesses (SMBs) and enterprises. It is led by CEO Scott Price, who possesses nearly 20 years of risk advisory experience, and provides compliance assessments, industry-specific audits and cyber risk and privacy offerings.
In addition, A-Lign offers a variety of cybersecurity services, and these include:
- Penetration Testing: Enable organizations to identify and resolve security vulnerabilities before cybercriminals can exploit them.
- Social Engineering: Help organizations evaluate employees’ understanding of social engineering attacks and develop and implement their security programs accordingly.
- Vulnerability Assessment: Involve the use of manual scanning services to help organizations validate, analyze and prioritize vulnerabilities.
- Wireless Network Testing: Allow organizations to identify vulnerabilities or misconfigurations that may leave their systems susceptible to cyberattacks.
A-Lign also provides A-Scend governance, risk management and compliance (GRC) software. A-Scend offers workflow automation, document management and auditing history capabilities to help organizations streamline their security and compliance audit and certification processes, the company stated.
What Does the Future Hold for A-Lign?
A-Lign could capitalize on the rising demand for enterprise GRC services in the years to come.
The rising number of risk factors against business data and increasing demand for big data and Internet of Things (IoT) solutions are among the factors expected to accelerate the adoption of GRC services worldwide, according to market research firm Research and Markets.
Furthermore, the global enterprise GRC services market is projected to expand at a compound annual growth rate (CAGR) of more than 10.1 percent between 2017 and 2024, Research and Markets indicated. This market also could be worth approximately $49.9 billion by 2024.