Wellington Financial Provides $5 Million Growth Capital to Agiliance
SAN FRANCISCO, CA and TORONTO, ON, May 13, 2014 /PRNewswire/ - Wellington Financial LP, a privately-held specialty finance firm, today announced a $5 million expansion financing for Agiliance®, Inc. The investment will be used to increase product marketing evangelism, leverage target sector distribution and solution coverage and bring to market a new cloud offering. Wellington's funding follows Agiliance's double-digit profitability over the past seven quarters, release of an innovative and high quality RiskVision™ 7, and nearly ten-fold growth in secure cloud services wins over a trailing twelve month period.
Agiliance, the Big Data Risk Company™ is the leading independent provider of integrated solutions for Operational and Security Risk programs. The Company's flagship software platform, RiskVision, is used by leading global organizations, including Bell Canada, CIT Group, Cisco Systems, Deutsche Bank AG, DNB ASA, E*TRADE, Exelon Corporation, First Energy Corp., Fiserv, McAfee, Proofpoint, Qualcomm Inc., Safeway Inc., Southern Company, State Street Bank, and the U.S. Departments of Energy, Health and Human Services, Justice, and Veterans Affairs.
"Agiliance provides the market's leading solution for unifying Operational Risk Management and Security Risk Management in one extensible platform. Given Agiliance's strong technology, continuing displacement of incumbent vendors, and marquee global client base, we are pleased to add the company to our investment portfolio," said Vik Gupta, Partner of Wellington Financial.
Joe Fantuzzi, President and Chief Executive Officer of Agiliance said, "We are delighted to work with Wellington Financial as Agiliance-favoring market requirements shifted from compliance to risk, from managerial assessments to data-intelligent analytics and from project silos to enterprise scale. Wellington's growth capital will fuel our opportunities to expand global market share of Agiliance patented innovations and operationally efficient solutions."
Agiliance is backed by leading venture capital firms, including Intel Capital, Walden International, Red Rock Ventures, and Castile Ventures.
About Wellington Financial LP
Wellington Financial LP is a privately-held specialty finance firm providing term, venture and amortizing loans up to $30 million. Wellington Financial LP is currently managing a $600 million investment program with offices in San Francisco, Santa Monica and Toronto. Wellington Financial LP is managed by a partnership controlled by fund management and Clairvest Group Inc. (CVG:TSX), who jointly have contributed a large financial stake to the Fund. LPs include several of Canada's largest institutional investors, crown corporations, financial institutions and pension funds. Please visit the fund website at www.wellingtonfund.com.
Agiliance, the Big Data Risk Company, is the leading independent provider of integrated solutions for Operational and Security Risk programs. Agiliance is automating how Global 2000 companies and government agencies continuously monitor big data for risks across financial, operations, and IT domains to increase operational efficiency and orchestrate incident, threat, and vulnerability actions in real time. RiskVision customers demonstrate automation use cases within 30 days on-demand, and within 60 days on-premise, made possible by a configurable platform and applications, broad library of technology integrations, and vast domain and regulatory content. RiskVision scales with businesses, effectively managing assets, data, people, and processes to achieve 100 percent risk and compliance coverage. Its real-time risk analysis leads to optimized business performance and better investment decisions. For more information, please visit www.agiliance.com.
SOURCE Wellington Financial LP