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Case Studies • Posted on: Aug 1, 2013

Perimeter eSecurity (Milford, Connecticut)


The Innovation:

Organizations, small and large, have become increasingly vigilant about protecting critical information on computer networks. Perimeter eSecurity (Perimeter) began as a home-based start-up business in 1997 but by 2001, it had 12 employees and 30 customers.

The Assistance:

In 2001, Perimeter recognized the potential for the business and demand for the product and sought a partner to help achieve its growth goals.

CI was the first to invest in Perimeter, committing $875,000 to the Internet security firm. The investment spurred others to invest over the years, which ultimately led to a $104 million private equity deal led by financial powerhouse Goldman Sachs and Bessemer Ventures in 2007. 

The Outcome:

In early 2013, Perimeter became “SilverSky” and grew to more than 300 employees that serve 6,000 customers around the globe in the financial services, retail, healthcare, energy, critical infrastructure and manufacturing sectors. The company analyzes 425 million security events and protects $525 billion in customer assets every day. 

In December of 2014, SilverySky was acquired by BAE Systems, for $232.5 million.

About Perimeter eSecurity:

Perimeter eSecurity makes security easily available and affordable for all businesses. Perimeter’s on-demand security services protect thousands of computer networks nationwide, offering more than 50 different services on a subscription basis. With the proliferation of security threats and technologies, clients benefit from a single-source provider that offers all services through one preintegrated platform and web portal.

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