SALT
LAKE CITY, June 18, 2024 /PRNewswire/ -- Legato
Security, a premier Managed Detection and Response (MDR) and
Managed Security Services Provider (MSSP) based in Salt Lake City, Utah, today announced it has
received a capital investment to support its strategic growth. The
round was led by Level Structured Capital (an affiliate of Level
Equity) and SageLink Capital.
Legato Security secures funding to
accelerate go-to-market strategy.
With this significant investment, Legato Security will amplify
and accelerate its growth and go-to-market strategies, partner
marketing, sales organization, and continued investments into their
cutting-edge Security Operations Platform, Ensemble.
The growth funding will further empower Legato Security to
continue providing top-tier security services, including its
Managed Detection and Response (MDR+) offering, and a wide range of
strategic and professional security services. These services are
essential for organizations striving to navigate the dynamic and
challenging cybersecurity landscape.
"We are thrilled to announce this Series A funding, which marks
a pivotal moment for Legato Security," said Tom Boyden, CEO of Legato Security. "This
investment will significantly accelerate our go-to-market
strategies across multiple business units, enhancing our ability to
deliver comprehensive security solutions and drive
innovation. We are grateful for the support from Level Equity
and SageLink Capital and look forward to our continued
partnership."
This round of funding will accelerate our go-to-market
strategies with our partners, and create additional opportunities
for us to build even deeper relationships with our customers.
In conjunction with the transaction, Mike Robertson from SageLink Capital will join
Legato's Board of Directors.
"Legato Security Partners reflects both our research and belief
in the tremendous outlook in demand for cyber security solutions.
Bootstrapped to date, Tom, Jen, and the Legato management team have
nonetheless driven consistent double-and triple-digit growth rates,
while building a highly referenceable customer base. We expect this
investment to release Legato Security's potential and substantially
accelerate the execution of its strategic plans," said Mike Robertson from SageLink.
Level's and SageLink's investment underscores their confidence
in Legato Security's vision and ability to deliver unwavering
security for their customers. With this investment, Legato
Security is poised for continued growth and innovation within the
cybersecurity industry.
"We are excited to partner with Legato Security and support
their next phase of growth and development. They've assembled a
world-class team to create a high-growth technology company," said
Barry Osherow of Level Structured
Capital.
For more information about Legato Security and our services,
please visit http://www.legatosecurity.com.
About Legato Security:
Legato Security is a Managed Security Service Provider (MSSP)
dedicated to protecting organizations from cyber threats. With a
vendor-agnostic approach, a team of security experts, and
innovative solutions like MDR+, Legato Security empowers businesses
to stay ahead of cyber adversaries and safeguard their critical
assets.
About Level Equity
Level Equity is a private investment firm focused on providing
capital to rapidly growing software and technology-driven
businesses. Level provides long term capital across all transaction
types in support of continued growth. The firm has raised
$3.0 billion in committed capital and
has backed over 100 companies since inception. For more information
about Level Equity, visit www.levelequity.com.
About SageLink Capital:
SageLink Capital is a leading independent sponsor focused on
investing in medium-sized, growing businesses. SageLink has a keen
interest in software, technology-enabled service, and business
service companies in the U.S. and Canada. The firm focuses on middle-market
companies and provides a range of capital solutions including
capital for growth, buyouts, and add-on acquisitions. SageLink's
investments are for the long-term and are focused on growth. For
more information, visit sagelinkcapital.com.
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SOURCE Legato Security