Compliance-Focused Cybersecurity Firm A-LIGN Raises $54.5 Million
19.7.18 securityweek IT
A-LIGN, a provider of cybersecurity and compliance solutions, announced this week that it has raised $54.5 million from growth equity firm FTV Capital.
Tampa, Florida-based A-LIGN provides assessments, audits and cyber risk advisory and testing services for companies of all sizes. Using its flagship platform, A-SCEND, the company helps organizations address third-party risks, security controls, and privacy concerns, with a focus in four core areas:
• Compliance Assessments: SSAE 18, SOC I, II, III audits, and assessments;
• Industry Specific Audits such as ISO, PCI, HITRUST, HIPAA;
• Cybersecurity Services: Penetration testing, vulnerability scanning; and
• Cyber Risk and Privacy: GDPR, CCPA, related privacy and incident planning services.
“Evolving security frameworks and the continual release of new regulations and compliance requirements, such as GDPR, SOC I/II/III, and the recently-passed California Consumer Privacy Act, require that company executives constantly examine their data privacy practices,” Scott Price, CEO of A-LIGN, said in a statement. “Organizations across all industries are conducting critical assessment and audits not only for mandated compliance but also to deepen trust among customers and users which has a direct impact on the bottom line.”
A-LIGN is a licensed CPA firm, Qualified Security Assessor Company (QSAC), accredited ISO 27001 certification body, certified HITRUST Assessor firm, and accredited FedRAMP 3PAO. The company’s tools help customers streamline the audit and certification process through workflow automation, document management, and auditing history.
As part of the transaction, FTV Capital partner Liron Gitig and managing partner Richard Garman will join the company’s board of directors.