Alert Logic, a Houston, Texas-based provider of Security-as-a-Service solutions for the cloud, received a $70m syndicated credit facility.
Square 1 Bank, a division of Pacific Western Bank, provided the financing.
The proceeds from the facility will be used for working capital and various internal growth initiatives.
Led by Gray Hall, chief executive officer, Alert Logic combines cloud-native software and analytics with expert services to assess, detect and block threats to applications and other enterprise workloads. Alert Logic monitors, analyzes and protects enterprise application environments with intrusion detection, vulnerability assessment, web application security and log management solutions coupled with 24×7 security monitoring, threat intelligence, security research and content production, machine learning and other forms of security analytics.
The company is headquartered in Houston and with seven global offices.