Channel Futures: KKR Ups Investment in NetSPI with $410 Million in New Funding

On October 5, NetSPI was featured in the Channel Future article called KKR Ups Investment in NetSPI with $410 Million in New Funding. Read the preview below or view it online.

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Global investment firm KKR is providing $410 million in new funding to NetSPI, a provider of enterprise penetration testing and attack surface management.

KKR is increasing its investment in NetSPI with the funding. It initially invested in NetSPI in May 2021.

The funding recapitalizes NetSPI’s first institutional investor Sunstone Partners. The transaction will close by the end of 2022, subject to customary regulatory approvals.

Lauren Gimmillaro is NetSPI’s vice president of business development and strategic alliances.

“The investment from KKR will be used to continue innovating and expanding our technology portfolio, to expand globally, and to increase the talent at NetSPI,” she said. “We launched the NetSPI Partner Program earlier this year. So this funding will help us grow our channel team, ranging from channel development managers to those who can train partners in enablement, and much more. With this investment, we can double down on growth and expansion. And an important piece of that plan is the channel.”

Enterprises use NetSPI’s suite of offensive security solutions to uncover critical security gaps, minimize risk and reduce the likelihood of a security incident. The suite includes attack surface management, penetration testing as a service (PTaaS), and breach and attack simulation.

You can read the full article at Channel Futures!