One of the leading mid-market private equity investment firms in the United Kingdom has invested in TitanHQ. TitanHQ is headquartered in Galway, Ireland and is a fast-growing, global vendor of cloud-based cybersecurity solutions for SMBs, ISPs, and Managed Service Providers (MSPs) that serve the SMB market.
TitanHQ’s portfolio of solutions consists of SpamTitan Email Security, WebTitan Web Security, and ArcTitan Email Archiving. These solutions have been adopted by more than 8,500 businesses worldwide and are offered by approximately 2,500 MSPs in 150 countries.
TitanHQ, originally Copperfasten Technologies, was formed in 1999 and started life providing email security solutions to businesses in Ireland, but has since grown into a global company that provides SaaS solutions to companies including Pepsi, ViaSat, Virgin, O2, and Datto. The company has been recorded impressive growth and has become the leading provider of cloud-based security solutions to MSPs serving the SMB market, with an ARR of more than $15 million.
Livingbridge invests in companies with a value of up to £200 million and has an Enterprise 3 fund for investment in fast-growing companies up to the value of £50 million, with the latter fund used to invest in TitanHQ.
Livingbridge identified TitanHQ as a target for investment based on a proven track record at delivering powerful cloud-based SaaS solutions and being well positioned to benefit from strong, growing market momentum. The investment in TitanHQ will help accelerate the company’s ambitious growth plans through investment in people and product development.
TitanHQ received investment from Bill Mc Cabe’s Oyster Technology Investments at inception, and Oyster Technology Investments will continue to maintain a significant stake in the business.
“We are excited to be taking this next step in our growth journey with Livingbridge, a partner that understands the unique strengths of our business, shares our vision for success and has the experience and resources to help us to achieve it,” said Ronan Kavanagh, Chief Executive Officer of TitanHQ. “The recent pandemic and the growth of WFH initiatives has further highlighted the need for multiple layers of cyber security and our solutions form key pillars in this security strategy.”
“We are delighted to be partnering with TitanHQ, a uniquely positioned business with a well-differentiated product portfolio operating in a fast-growing, attractive market that is benefiting from strong macro tailwinds,” said Nick Holder, Director at Livingbridge. “There is a tremendous opportunity for Titan HQ to accelerate its growth trajectory over the coming years and we look forward to working closely with the management team to fulfil the company’s potential.”