Edison Partners has announced the successful exit of Ontario-based cybersecurity services eSentire.
“After 26 consecutive quarters of growth, it’s clear that eSentire has a proven, high-demand business model and solution that will continue to propel the company in the cybersecurity space,” said Lenard Marcus, partner with Princeton-based Edison Partners and eSentire board member, who led the investment. “We’re thankful for (CEO) J. Paul Haynes and the entire eSentire management team, who have done a tremendous job in leading the company’s market expansion and delivering an outstanding return for all stakeholders.”
The company has received a significant equity investment from funds affiliated with private equity firm Warburg Pincus.
Headquartered in Cambridge, Ontario, eSentire is regarded as the pioneer in managed cybersecurity services to detect and contain advanced threats that have bypassed all other security controls.
Since Edison’s initial investment in 2013, revenue grew by 8 times.
“Edison Partners provided us with strategic go-to-market expertise and access to talent, which allowed us to scale rapidly over the past four years,” said Haynes. “We greatly appreciate their advice and support in our mission.”
Edison will maintain a minority ownership position in the company.
Edison Partners has financed and guided more than 200 private companies, including 47 enterprise technology companies.
