OVERLAND PARK, Kan., Jan. 29, 2019 /PRNewswire-PRWeb/ -- Advanced security threats, adoption of emerging technologies, and the shortage of expertise have ranked as the top operational pressures businesses face in relation to their information security programs. Security practitioners have become overwhelmed by these pressures as threats become more predatory and professionalized, and technologies like cloud, mobile, and IoT give rise to wider attack surfaces. Organizations are finding it harder than ever to find skilled security staff, and this gap in talent is causing them to be exposed to cyber threats, compliance fines and even worse, reputational damage.
Foresite an Overland Park, Kansas-based MSSP, was founded in 2013 and has developed ProVision - a state-of-the-art software platform, for threat detection, monitoring, and compliance that is serviced through their two SOCs (Security Operations Center) that are staffed with industry leading security analysts who provide round-the-clock monitoring for customers.
Partnering with Elsewhere Partners will allow Foresite to accelerate their organizational growth, marketing development, sales, geographic expansion, and enhance further product development. Chris Pacitti, Founder of Elsewhere Partners comments, "we are excited about the future of Foresite and are confident their state-of-the-art software platform and seasoned management team, in conjunction with the growing cybersecurity demand in the mid-market, will enable Foresite to grow significantly in the short-term and help keep their customers safe."
Elsewhere represents the first institutional capital raised by the Company, and in addition to the investment of capital, Rita Selvaggi, one of Elsewhere's Operating Advisors, will join the Board of Directors. Rita was previously CMO of AlienVault and is a seasoned tech executive with deep security market expertise. "We are excited to partner with Elsewhere Partners" says Marc Brungardt, President at Foresite. "Their proven track record and experience growing similar software businesses positions them as more than just a capital partner." "We intend to leverage their areas of expertise as we accelerate our go-to-market plans," adds Robin Mayo, CEO at Foresite. "Timing is ideal for this partnership as our business is growing rapidly and we see imminent opportunities to capitalize on together."
Foresite is a global provider of managed security, cyber consulting, and compliance services focused on delivering comprehensive solutions to protect our clients from increasingly persistent cyber threats. Foresite's solutions empower organizations with vigilance and expertise to proactively identify, respond, and remediate cyberattacks and breaches. For more information, visit us at http://foresite.com or contact us at info(at)foresite(dot)com.
About Elsewhere Partners
Elsewhere Partners is a growth-stage venture capital firm that makes seven-figure investments in Elsewhere Outliers – business software companies that are located outside of traditional venture capital hubs and have achieved substantial customer traction and revenue growth without significant outside funding. Elsewhere Partners combines transitional capital with transformational expertise to help companies achieve exit readiness on their founder's timetable. To learn more, visit https://elsewhere.partners.
For more information contact:
Tera Black – Director of Marketing