Private equity firms continue to acquire MSSPs, cybersecurity firms, and other types of technology firms. But how can these private equity firms ensure that the acquired companies properly mitigate cyber risks within their organizations?
A potential answer comes from Drawbridge, a provider of cybersecurity software and solutions. Indeed, Drawbridge has launched a module that allows private equity funds to monitor the cyber risk profiles of companies in their portfolio in real time, according to a prepared press release.
PE funds can use the module to view the cybersecurity vulnerability management program and access data and reports associated with companies in their portfolio, Drawbridge said. They can also leverage the module to research known vulnerabilities in on-premises and remote environments, monitor supply chain risks, and create and track a roadmap for future improvements within their companies’ risk programs. portfolio.
The module surfaces amid occasional questions about private equity firms and their cybersecurity business practices. Some critics allege that private equity firms are focusing too much on the earnings of holding companies, perhaps to the detriment of cybersecurity and risk mitigation.
One potential example (although the case is still pending and has not been proven): Class action lawsuit alleges private equity firms Thomas bravo and Silver lake partners and their cost priorities played a central role in the Solar winds Breach of Orion, SC magazine reports. Private equity firms did not respond to SC Magazine’s request for comment.
Meanwhile, Drawbridge is certainly familiar with the private equity market. The company closed a minority investment in the capital market company Long Ridge Partners in Actions in March 2021. Drawbridge uses the funds to accelerate product innovation, expand its sales and marketing activities in North America and the EMEA region, and continue to invest in its people, platform and services customers, the company said at the time.
Additional information from Joe Panettieri.