Security Compass, a provider of enterprise DevSecOps software solutions, has secured growth equity funding from FTV Capital, a sector-focused growth equity investment firm, the company said.
This investment will enable Security Compass to enhance its position as a global provider of empowering organizations to achieve agility at scale by streamlining software risk management. By leveraging FTV´s deep expertise and access to its Global Partner Network®, Security Compass will further enhance its solutions portfolio and accelerate its planned global expansion.
To capitalize on the market opportunities presented by this partnership, Security Compass has appointed Rohit Sethi as the new CEO. Sethi, formerly COO and Security Compass´ first hire almost 13 years ago, has been an integral part of the organization and the creation of SD Elements. CFO David Rea will take on the combined position of CFO and COO. As part of the transaction, FTV Capital partner Liron Gitig and principal Richard Liu, will join Security Compass founder Nish Bhalla on the Security Compass board of directors.
FTV Capital is a growth equity investment firm that has raised over USD 2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services and payments & transaction processing. FTV has offices in San Francisco and New York. For more information, visit www.ftvcapital.com.
Security Compass enables organizations to achieve agility at scale by streamlining software risk management without slowing down their business. At the core of the company´s solution is its policy-to-execution software platform, SD Elements, which translates policies into actionable tasks for technical teams. Security Compass´ adaptive Training and strategic Advisory Services enable cybersecurity preparedness and help organizations better manage compliance. The company is headquartered in Toronto, with offices in the United States and India. Follow Security Compass on Twitter @securitycompass or visit https://www.securitycompass.com/.