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Enterprise Security Magazine | Monday, November 09, 2020
Pondurance secures a new strategic investment from affiliates of Newlight Partners to support Pondurance's growth in the rapidly expanding MDR market, drive its R&D and innovation capabilities, and bolster its leadership team.
FREMONT, CA: Pondurance, a pioneer in Managed Detection and Response (MDR) services, announces new strategic investment from affiliates of Newlight Partners, a private investment firm. Proceeds from the investment will help Pondurance's growth in the rapidly widening MDR market, drive its R&D and innovation abilities, and bolster its leadership team.
Pondurance also announces the appointment of Doug Howard as Chief Executive Officer and Niloofar Niloo Razi Howe, as Chair of Pondurances Board of Directors. Mr. Howard brings decades of cybersecurity executive leadership across products and services and has recently joined from RSA Security, where he served in Global Services, IT Innovation, and Business Transformation.
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Ms. Howe adds deep industry and Board experience from software and security companies, including RSA, Endgame, and Recorded Future. Pondurance's founders and existing leadership team, including Ron Pelletier, Landon Lewis, Dustin Hutchison, and Cathy Iacobucci, will remain with the business.
Pondurance is a deeply trusted cybersecurity services firm extremely well poised for growth in a rapidly evolving market as customers address ransomware, compliance, and digital transformation. Newlight is excited to work alongside Doug and Niloo to build an enduring business, expand its abilities and geographic footprint, and execute on the numerous opportunities identified for organic growth and strategic M&A.
Never before have MDR services been so important to such a vast set of customers. Pondurances intelligent threat detection and response platform and a growing team of talented experts make an unbeatable combination. The company is eager to leverage Newlight's resources and expertise to accelerate our ambitious growth plans and deliver higher customer value levels. Pondurance unites the newest innovations in advanced detection and intelligence with the deep talents of the world-class analyst.
Newlight Partners is a private investment firm focused on collaborating with management teams and strategic investors to build unique, durable businesses. Newlight team has helped build successful enterprises in five sectors, including financial services, telecommunications, power and infrastructure, healthcare services, and business services. It has invested approximately $6 billion in over 100 investments since 2005, first as the Strategic Investments Group at Soros Fund Management LLC (Soros), and now as Newlight after the team's spin-out from Soros in 2018.
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