Apptega Raises $15M in Growth Funding

Apptega, an Atlanta, GA-based end-to-end cybersecurity compliance platform company, raised $15M in Growth funding.

Mainsail Partners made the investment.

The company intends to use the funds to further enhance the development of its continuous security and compliance platform.

Led by CEO Dave Colesante, Apptega is a provider of an end-to-end cybersecurity compliance platform that security-focused IT providers and in-house teams use to build and manage cybersecurity and compliance programs.

The company offers a full-lifecycle compliance platform that aligns to the technology stacks and services of managed service and security providers. By helping providers map their services and tools to the tasks that must be accomplished to meet the requirements of common security and compliance frameworks, Apptega empowers providers to:

  1. Bring to market continuous compliance offerings, from security assessment to audit, that aim to help increase recurring revenue, margins and retention.
  2. Standardize and validate their existing cybersecurity services by packaging them in a way that satisfies frameworks like SOC 2, PCI, CMMC and ISO 42001.
  3. Convert advisory engagements into long-term customer relationships.

Commenting on the news, Dave Colesante said: “While many companies offer compliance software, few if any have considered the very specific needs of managed service providers, who must address a wide breadth of client challenges simultaneously and clearly demonstrate the value of often hard to quantify security services.”

FinSMEs

30/04/2024