fortress information security 125m goldman

Fortress Information Security (Fortress), the top supplier of supply chain cybersecurity for vital sectors, said today that it has secured a $125 million strategic investment from funds managed by Goldman Sachs Asset Management’s Private Equity division (Goldman Sachs). This additional funding will help Fortress in its objective to protect vital U.S. sectors against operational and cybersecurity risks coming from their supply chains

In response to growing supply chain cybersecurity risks, Fortress is revolutionizing how crucial industry operators and governmental organizations defend their supply chains. The Fortress platform, which was established in 2015, is a comprehensive, purpose-built solution that helps clients in crucial sectors to evaluate, manage, and handle risks related to suppliers, assets, and software in their supply chains. Fortress improves regulatory compliance and cybersecurity postures. Five of the ten major investor-owned utilities in North America are now a part of the consortium that created the Fortress solution in collaboration with top electric companies. The platform of Fortress protects a significant portion of the American electricity system, important national defense-related assets, and vital manufacturing sectors.

The federal government as well as the private sector parties have acknowledged that safeguarding key supply chains is a national security priority as essential sectors face cybersecurity threats coming from the supply networks that support them more frequently. Authorities like the North American Electric Reliability Corporation (NERC) and the Cybersecurity and Infrastructure Security Agency (CISA) have developed supply chain cybersecurity recommendations in response during the past 12 months.

Supply chain cybersecurity is one of the most important concerns facing business and government leaders today. Significant dangers to the national economy and our capacity to retain our way of life come from supply chains “said Fortress’ co-founder and executive chairman Peter Kassabov.

A fresh wave of regulatory action in the U.S. has been sparked by several  high-profile breaches and is expected to continue growing for some time.

We founded Fortress because we were aware of significant supply chain vulnerabilities in the most important sectors in our nation. Recent high-profile breaches have led to a fresh wave of regulatory action in the United States that is expected to continue for some time.

The investment from Goldman Sachs confirms the dedication of our team members and customers who have made collaborative cybersecurity a reality “Fortress co-founder and CEO Alex Santos remarked. This infusion of additional money will enable us to go more swiftly toward realizing our vision of strong supply chains.

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FAQs

How will the $125M funding impact Fortress Information Security’s day-to-day operations?

Fortress Information Security plans to allocate a substantial portion of the funds to enhance its operational capabilities. This includes hiring top talent, investing in advanced technologies, and fortifying its infrastructure to better serve clients.

Is Goldman Sachs actively involved in Fortress Information Security’s strategic decisions post the investment?

While Goldman Sachs has a vested interest in Fortress’s success, the day-to-day operations and strategic decisions remain under Fortress’s control. Goldman Sachs, however, provides valuable insights and guidance as a strategic partner.

Will the $125M funding lead to an increase in cybersecurity solutions offered by Fortress Information Security?

Yes, the increased funding will enable Fortress to broaden its range of cybersecurity solutions. Expect innovations in threat detection, data protection, and overall cybersecurity infrastructure.

How does Fortress Information Security plan to stay ahead of evolving cyber threats with the new funding?

Fortress Information Security is committed to staying ahead of the curve. The funds will be channeled into ongoing research, collaboration with cybersecurity experts, and the development of proactive measures to counter evolving cyber threats.

What sets Fortress Information Security apart from other cybersecurity firms?

Fortress Information Security stands out due to its innovative approach, commitment to excellence, and a proactive stance against cyber threats. The $125M funding further solidifies its position as a trailblazer in the cybersecurity industry.

How can businesses benefit from Fortress Information Security’s enhanced capabilities post the funding?

Businesses can anticipate more robust and tailored cybersecurity solutions from Fortress. The increased funding enables the company to offer cutting-edge technologies, personalized strategies, and proactive measures to safeguard against cyber threats.

Conclusion:

Fortress Information Security’s remarkable achievement of raising $125M, led by Goldman Sachs, marks a significant milestone for the company and the cybersecurity sector. The infusion of funds propels Fortress into a realm of possibilities, allowing it to fortify its position as a leader in combating cyber threats. As the cybersecurity landscape evolves, Fortress Information Security stands ready, armed with innovation, expertise, and a formidable financial backing.