Twin Cities Business: Minneapolis Cybersecurity Firm NetSPI Raises $410M
On October 5, NetSPI CEO Aaron Shilts was featured in Twin Cities Business’ article called Minneapolis Cybersecurity Firm NetSPI Raises $410M. Read the preview below or view it online.
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Minneapolis-based cybersecurity firm NetSPI has pulled off one of the largest raises in Minnesota this year.
On Wednesday, the company announced that it has secured $410 million from New York City-based investment firm KKR & Co. Inc. In a news release, NetSPI said it will use the funds for “continued technology innovation, talent acquisition, and global expansion.” The company currently employs 400 security professionals and plans to add about 200 more employees over the next year, said NetSPI president and CEO Aaron Shilts in an email. He described the deal as a “growth investment.”
“This is KKR’s second investment in the company, bringing the private equity firm’s total commitment to $500 million,” Shilts said. “KKR is doubling down on NetSPI during a time of high growth activity for the company.”
You can read the full article at Twin Cities Business!
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