Edgewater Leads $12.0 million Financing for FishNet Security
FishNet Security, Inc. (“FishNet”), the largest privately held network security solutions company in North America, announced today $12 million of equity financing by Edgewater Growth Capital Partners, L.P. (“Edgewater”). This investment allows the Company to continue its history of strong organic growth as well as provides substantial additional capacity for growth through acquisitions.
“We scoured the market to find the best partner to help us substantially grow our business. With the growth capital infusion and operating expertise from Edgewater, we’re well on our way to achieving our leadership vision in the rapidly growing security services market.” according to Gary Fish, FishNet’s CEO. “The Edgewater Edgewater team will be an invaluable contributor to our strategy.”
FishNet Security’s services include assessment, consulting, integration, management, monitoring and education for enterprise network security needs. The Company has developed a strong customer base among mid-sized companies, and federal, state and local governments. FishNet has been able to achieve deep penetration with multiple security services offerings and strong name recognition throughout its targeted Midwest market. The Company operates through seven offices with its headquarters in Kansas City and is planning to open additional offices in 2005.
“We are very excited to have the opportunity to invest in FishNet,” said Greg Jones, Partner at the Edgewater Funds. “FishNet fits squarely within Edgewater’s core investment philosophy to invest in high quality, growth companies with excellent management teams.”
“FishNet’s breadth of services, open-ended market opportunity, excellent reputation and longstanding customer relationships help to propel what we feel is an exceptional investment opportunity,” said Jeff Frient, Principal at the Edgewater Funds
For additional information visit: www.fishnetsecurity.com.