SAN DIEGO, Aug. 23, 2022 (GLOBE NEWSWIRE) — HCAP Partners, a California-based private equity firm and nationally recognized impact investor, today announced its investment in Lumifi Cyber, a cybersecurity next-generation managed detection and response (MDR) software provider. Terms of the investment were not disclosed.
Lumifi Cyber leverages AI, machine learning, and attack simulation to proactively identify security vulnerabilities before cybercriminals can exploit them. Their platform automatically remediates endpoint vulnerabilities to reduce the available attack surface and continuously monitors, detects, contains and remediates threats 24/7/365. HCAP Partners’ investment in Lumifi Cyber helped fund its acquisition of Datashield, a provider of end-to-end cybersecurity resiliency services. Combined offering enhances Lumifi’s existing cybersecurity monitoring and management solution with Datashield’s MDR services, a state-of-the-art security operations center, and a team of ex-military and ex-professionals of DoD cybersecurity.
“The cybersecurity industry faces a shortage of personnel as cybersecurity threats continue to rise,” commented Michael Malone, CEO of Lumifi Cyber. “With this funding and our acquisition of Datashield, Lumifi is able to realize our vision of combining permanent attack simulation with automated remediation to reduce the cybersecurity skills gap.”
“We are delighted to support Lumifi in its development and deployment of affordable cybersecurity solutions that deliver advanced levels of security to businesses of all sizes,” said Frank Mora, Partner at HCAP Partners. “The cybersecurity market is growing rapidly and Lumifi offers cutting-edge solutions that are effective and accessible. We have successfully partnered with CEO Michael Malone in the past and look forward to working with him again in this next phase of Lumifi’s growth.
“As the frequency of ransomware attacks and other cybersecurity threats has increased dramatically over the past few years, our customers have sought out outsourced cybersecurity vendors,” said Paul Tucker, chief information security officer, BOKFinancial. “Lumifi provides Fortune 500-level security to help protect businesses of all sizes against ransomware and the latest cyber threats.”
About HCAP Partners
HCAP Partners is a provider of mezzanine debt and private equity to underserved mid-market businesses in California and the Western United States. The company seeks to invest between $3 million and $25 million in established companies generating between $10 million and $100 million in revenue in the healthcare, software, services, and manufacturing sectors. HCAP Partners has invested in over 50 companies since its inception and, through ongoing and active engagement with portfolio companies, provides value-added resources to help optimize performance and increase business value. The company has been recognized as an ImpactAssets 50 fund nine years in a row and, through its Gainful Jobs Approach™, strives to facilitate a positive impact on underserved businesses, their employees and their communities through active employee engagement. wallet. For more information, please visit http://www.hcap.com/.
About BOK Financial Corporation
BOK Financial Corporation is a $45 billion regional financial services company headquartered in Tulsa, Oklahoma, with $96 billion in assets under management and administration. The company’s shares are listed on NASDAQ under the Global Select (BOKF) market listings. BOK Financial Corporation holdings include BOKF, NA; BOK Financial Securities, Inc., BOK Financial Private Wealth, Inc. and BOK Financial Insurance, Inc. BOKF, NA’s holdings include TransFund, Cavanal Hill Investment Management, Inc. and BOK Financial Asset Management, Inc. BOKF, NA operates banking divisions across eight states such as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial® in Arizona, Arkansas, Colorado, Kansas and Missouri; as well as limited-use offices in Nebraska, Wisconsin and Connecticut. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage, investment, trust and insurance, origination and management of mortgage loans and an electronic transfer network of funds. For more information, visit www.bokf.com.
About Lumifi Cyber
Lumifi Cyber is the only next-generation managed detection and response (MDR) service provider that delivers Fortune 500-level security to businesses of all sizes at an affordable monthly price. The company’s platform combines attack simulation, automated remediation and continuous threat monitoring software with a proactive managed cybersecurity service that provides continuous end-to-end protection for businesses nationwide against ransomware and the latest security threats. Lumifi’s state-of-the-art Security Operations Center is staffed by our team of US-based analysts, ex-military and ex-DoD security experts with dozens of security certifications to continuously monitor and manage customer environments. For more information, visit www.lumificyber.com.
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