OPSWAT Secured $125 Million Growth Funding from Brighton Park Capital
Brighton Park Capital has invested $125 million in vital infrastructure security company OPSWAT. The funds will be used to help the company expand globally, invest in R&D, and explore strategic acquisitions.
OPSWAT is rapidly growing, and Benny Czarny, the company’s founder and CEO, plans to employ up to 100 more people in the Tampa area over the next three years.
This may be in preparation for an initial public offering, which Czarny has said is “a couple of years away.”
OPSWAT specialises in secure communications between critical infrastructures, with over 1,000 customers in 70 countries spanning Financial Services, Defense, Manufacturing, Energy, Aerospace, and Transportation Systems. It employs about 400 people across ten offices across the world.
Since OPSWAT is a privately owned firm, no financial details are available. “OPSWAT achieved record revenues in 2020 and continues to see ever-increasing demand for its critical infrastructure solutions due to increased frequency and complexity of cyberattacks, as well as heightened global enforcement requirements,” according to the company’s announcement.
MetaDefender and MetaAccess are the company’s two main products. The first identifies and avoids network threats across a variety of sources, including web traffic, email, and removable media. The second is concerned with safe system access, such as that provided by IoT. The firm’s security and compliance tagline “Trust no file. Trust no system” is supported by these and other modular goods (which, incidentally, is trademarked by the firm).
“Today’s announcement ushers in a new age at OPSWAT, with a solid base and global organisation in place,” says Czarny.
“OPSWAT’s portfolio of creative solutions addresses the crucial need for cybersecurity defence, especially as the transition to remote and digital channels continues to accelerate,” says Mike Gregoire, partner at Brighton Park.
OPSWAT, which was established by Czarny in 2002, relocated its headquarters from San Francisco to Tampa, Florida in December 2020, following the acquisition of Tampa-based BYOD security company Impulse in 2019.
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