Momentum Cyber Served as Exclusive Financial & Strategic Advisor to Apptega on its $37 Million Growth Financing from Mainsail Partners

“Partnering with Mainsail will help us not only further develop our innovative software but also support building a world-class team and brand awareness across multiple markets. We are really excited to accelerate new features and capabilities that support our mission of making Cybersecurity compliance easy for companies and MSSPs around the world.” – Armistead Whitney, Founder & CEO of Apptega

“We are proud to partner with the team at Apptega to streamline the complexity of Cybersecurity and compliance. We are especially impressed with Apptega’s ability and success empowering MSSPs to more effectively implement and manage comprehensive Cybersecurity and compliance programs to help reduce incidents, streamline evidence collection and achieve compliance for their clients from assessment to audit.” – David Farsai, Partner at Mainsail

Transaction Overview

On March 17th, 2022, Apptega, a leading platform helping companies easily build, manage and report their Cybersecurity and compliance programs, announced a $37 million investment from Mainsail Partners, a growth equity firm focused on investments in fast-growing, software companies
Apptega delivers a comprehensive, award-winning platform helping companies of all sizes easily build, manage and report their cybersecurity and compliance programs from assessment to audit, delivering efficiency gains across multiple cybersecurity frameworks including SOC 2, PCI, HIPAA, GDPR and CMMC
The company is trusted by 500+ established brands in every industry – including financial services, healthcare, SaaS, aviation, insurance, non-profits, and Managed Security Service Providers (MSSPs)
Founded in 2017 and headquartered in Atlanta, GA, Apptega offers a multi-tenant platform that enables MSSPs to manage all their clients' programs in one single, easy-to-use dashboard
Mainsail Partners is a growth equity firm with offices in San Francisco and Austin that has raised over $1.3 billion and invested in more than 50 growing companies since 2003
The firm prioritizes investments in B2B software companies with compelling business models in growing markets, with an approach to value creation anchored in a dedicated Operations Team purpose-built to help founders scale their businesses and accelerate growth

Transaction Significance

With the increase in Cybersecurity threats and compliance pressures, companies of all sizes are scrambling to build comprehensive Cybersecurity and compliance programs that meet industry standards like SOC 2, PCI, CMMC, ISO, GDPR and many others
Historically, organizations have been using Excel spreadsheets and other manual methods to manage compliance requirements which number in the hundreds. Apptega is the only platform offering 25+ Cybersecurity frameworks, easy-to-follow guidance, collaboration tools, and reporting in one package
The new capital will be used to help scale the company's award-winning platform into new markets and channels, including MSSPs
By wrapping their services around Apptega's platform, MSSPs become 50 percent more efficient in their offerings and enhance their reporting capabilities for all stakeholders in cybersecurity compliance programs
The investment enables Apptega to accelerate new features and capabilities while building an experienced team to support its mission of making cybersecurity compliance easy for companies and MSSPs around the world
Apptega's growth strategy includes a strong emphasis on the Managed Security Services Provider (MSSP) Channel, helping them implement and manage comprehensive cybersecurity and compliance programs more effectively

Momentum Cyber's Role

If you’re navigating a critical inflection point in cybersecurity growth, M&A, or capital strategy, Momentum Cyber brings unmatched sector expertise and senior-level advisory to every engagement. Let us advise you today and help you maximize value with confidence in an increasingly complex cyber landscape.