We are pleased to announce our majority growth equity investment in MediaPRO Holdings, a SaaS-based provider of security, privacy, and compliance awareness training solutions. In addition, we are excited to welcome Tyler Winkler to lead the company as CEO.
MediaPRO’s platform enables organizations of all sizes to analyze, plan, train, and reinforce education for their employees on critical security, privacy, and compliance issues.
Cybercriminals are increasingly targeting employees that they believe are the weakest link in a company’s security infrastructure. MediaPRO’s software and innovative training solutions empower employees across all sectors and geographies with the knowledge they need to become a company’s greatest asset in mitigating cybersecurity breach risk.
Our investment is intended to support MediaPRO as it seeks to solidify its leadership position in the security, privacy, and compliance awareness training software markets. As part of these growth initiatives, MediaPRO will be launching an innovative new platform, the details of which will be unveiled later today at the Gartner Security & Risk Management Summit.
According to Gartner, cybersecurity spending will exceed $1 trillion from 2017 to 2021. In addition, the rising tide of cyber crime has pushed information security (a subset of cybersecurity) spending to more than $86.4 billion in 2017. The average total cost of a data breach is $3.6 million, according to a study conducted in 2017 by IBM.
Frontier’s partnership brings us experienced investors in growth-stage software and IT security. They have the ability to provide insightful guidance, a growth roadmap and resources to help us execute our expansion plans.
“Corporate security breaches are a pervasive threat across all sectors of the global business economy. MediaPRO’s solutions enable businesses of all sizes to equip employees with the education and awareness needed to create an employee-centric firewall,” said Tyler Winkler, MediaPRO CEO. “MediaPRO has experienced tremendous demand and growth as risk mitigation pressure continues to drive adoption of commercial security, privacy, and compliance awareness solutions,” continued Winkler.
Winkler will lead MediaPRO’s next phase of growth. Prior to joining MediaPRO, Tyler led revenue growth for SecureWorks, a leading global cybersecurity company, from less than $1 million to greater than $450 million through geographic, segment, and channel expansion. Both Frontier Partner, Scott Hoch, and Vice President Dave Pandullo, have joined the MediaPRO board.
Follow this link to read the full press release.
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