Edgile, an Austin, TX-based security and risk consulting services company, received a minority investment from ABRY Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations.
Founded in 2001 and led by Don Elledge, CEO, Edgile provides strategic security and risk consulting services to Fortune 500 companies.
Edgile Secures Minority Investment From ABRY Partners to Fuel Its Demand-Driven Growth
AUSTIN, TX- (Apr 6, 2016) – Edgile, a leading security and risk consulting services firm, today announced that it has received a minority investment from ABRY Partners, a Boston-based private equity firm, which will help accelerate the company’s expansion and leadership position.
As Fortune 500 enterprises seek to strengthen their cybersecurity posture, Edgile has experienced a significant boost in demand for its strategic security advisory services, demonstrated by the company’s remarkable growth rate of 100 percent each year over the last two years. Edgile’s steady growth and profitability can be attributed to its forward-looking, business-aligned security approach, which transforms the perception of security from a risk reduction activity into a strategic imperative for its clients.
“Edgile has proven itself to be a high-value, trusted partner to the Fortune 500, having established longstanding relationships with top companies in financial services, healthcare and manufacturing,” said Tyler Wick, Principal at ABRY Partners. “After evaluating dozens of security products and firms, we believe that Edgile is a leader in the identity and access management (IAM), and governance, risk and compliance (GRC) sector. The business is well positioned to capitalize on the strong demand for IAM and GRC services. We’re excited to partner with Edgile in their next phase of growth as they continue to expand their client base and reputation for excellence.”
ABRY is one of the most experienced and successful private equity firms in North America and has helped more than 450 companies achieve significant growth.
“ABRY brings a wealth of knowledge to the table and we’re pleased to have a partner who will help us grow into the market leader for security and risk services,” said Don Elledge, CEO of Edgile.
Edgile’s operations and management team will remain the same and customers will not see a change in the company’s commitment to them.
Founded in 2001, Edgile provides strategic security and risk consulting services to Fortune 500 companies. Edgile’s stellar reputation is built on high quality services, leading-edge practices, and a focus on the most challenging security issues. Visit www.edgile.com
About ABRY Partners
Founded in 1989 and headquartered in Boston, Massachusetts, ABRY Partners is an experienced and successful private equity investment firm focused on media, communications, insurance, business and information services. Since its founding, ABRY has completed more than $42 billion of transactions, representing investments in over 450 properties.