SAN JOSE, Calif., Oct 25 (Bernama-GLOBE NEWSWIRE) -- Skybox™ Security, a global leader in cybersecurity management, announced today the company signed a definitive agreement to receive a $150 million growth equity investment led by CVC Capital Partners’ Growth Fund (CVC Growth) for $100 million, with participation from Pantheon for $50 million. CVC Capital Partners is a leading private equity and investment advisory firm, and Pantheon is a prominent global investor in private equity, infrastructure and real assets.
Based in Silicon Valley, Skybox has a compound annual growth rate (CAGR) of 46 percent and positive cash flow (2014 – 2016). This round of funding will enable an accelerated investment in sales and marketing, customer care and R&D. It will also be used for potential M&A activity, to capitalize on the approximately $10 billion market opportunity in cybersecurity management.
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