London-based Netcraft, a cybercrime detection company, announced on Tuesday, July 18, that it has raised over $100M (approximately €89M) from Spectrum Equity, a growth equity firm focused on internet-enabled software and data services companies.
Netcraft says the investment will help accelerate its strategic plans to drive growth and expand globally.
“This significant funding will help us accelerate progress toward our mission of detecting and disrupting cybercrime at scale to create a safer online experience for everyone,” says Ryan Woodley, newly appointed CEO of Netcraft.
“Powered by an exceptionally talented team, Netcraft’s speed, scale, and effectiveness is unmatched in the global fight against cybercrime. I am excited to join this team and work alongside a distinguished group of customers and partners in furthering our innovative approach to protecting the world from cybercrime,” adds Woodley.
Appointed new CEO
Besides funding, the company also appointed experienced technology executive Ryan Woodley as its new CEO.
Woodley has decades of experience leading growth-oriented technology companies and an established success track record. He was previously CEO of Progressive Leasing, a financial technology company, which grew from approximately $220 million to $2.5 billion in revenue and went public during his tenure.
He also served as COO and CFO at DigiCert, the world’s largest high assurance digital security certificate authority, which roughly tripled in size during his tenure and was successfully sold to a private equity firm.
Most recently, Ryan has served on the boards of high growth technology companies, PDQ.com and Conservice.
Netcraft: Provides cybercrime detection and disruption services
Founded by Mike Prettejohn, Netcraft offers cybercrime detection and disruption services to protect organisations of all sizes from digital threats and attacks.
The company aims to detect and disrupt cybercrime at scale through constant innovation, extensive automation, and unique insight. This delivers a safer online experience for everyone.
Headquartered in the UK, Netcraft works with three of the largest companies, twelve of the largest banks, and the governments of five of the largest economies in the world.
The Investor
Spectrum Equity is a growth equity firm providing capital and strategic support to innovative companies in the information economy.
“Mike and his incredible team have built a truly differentiated offering for organisations of all sizes looking to stop cyberattacks,” says Parag Khandelwal, Managing Director of Spectrum Equity.
“Its scale is a testament to its effectiveness – Netcraft has blocked more than 173 million malicious attacks and takes down more than 15 million cyberattacks each year. Netcraft destroys roughly one-third of all global phishing attacks on behalf of its customers. We’re honoured to partner with this company and work closely with Ryan to help bring its solutions to more organisations worldwide,” adds Khandelwal.
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