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Yaletown leads US$ 20 million financing in GoSecure to accelerate growth in Canada and the United StatesMONTRÉAL, July 14, 2020 /CNW Telbec/ - Yaletown Partners is pleased to announce that it has led a US$ 20 million growth financing in GoSecure, an established leader in the rapidly-growing Managed Detection and Response (MDR) market. Other investors in the Series E funding include Bank of Montreal and existing GoSecure investors SAP/NS2 and Razor's Edge. The new funding will accelerate MDR growth in Canada and the United States, as more companies look for help in an increasingly mobile world. GoSecure is the most effective and trusted Managed Detection and Response company in North America and demand for MDR is increasing rapidly. Industry analysts project that upwards of 40% of mid-market organizations will adopt MDR in the next 5 years. GoSecure is at the leading edge of this growth curve and is well positioned to take advantage of this growing demand. "GoSecure is in an amazing place and the chance to help them reach the next level was extremely appealing," said Shyam Gupta, Partner at Yaletown Partners. "We've been following GoSecure since their early days in Montreal and their progression has been staggering. With the recent acquisitions, growth of the leadership team and market leading technology, they have all the elements necessary to become the leading MDR provider, not only in North America, but globlly." Founded in Montréal, Québec in 2002, GoSecure now has more than 200 employees with country headquarters in both Montréal and San Diego. Growth was already accelerating prior to the COVID-19 pandemic, and earlier this year, GoSecure announced plans to double its Montréal-based team of cybersecurity experts over the next three years. "Yaletown is focused on investing in the Intelligent Industry and the long-term trends that we identified in the past have not only become reality, but are now immediate needs as a result of the pandemic. The digital transformation of traditional industries through data and technology is accelerating and many of our portfolio companies are leading that transformation across different sectors. Digitalization adoption at the enterprise-level in reaching a tipping point and cybersecurity is a key foundation, as it protects company assets in a dynamic environment," said Salil Munjal, Managing Partner at Yaletown Partners. About Yaletown Partners About GoSecure SOURCE Yaletown Partners |