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Proficio Announces Aggressive Asia Pacific Expansion, partners with M1
Proficio-M1

SINGAPORE – December 1, 2016Proficio, an award-winning provider of managed detection and response (MDR) services, has raised $12 million in a round of funding led by Kayne Anderson Capital Advisors, L.P., a leading alternative investment firm. Proficio will use this investment to expand its global geographical presence and introduce new cybersecurity platforms and services.

“We are impressed by Proficio’s growth, customer adoption, and innovative managed detection and response services,” said Nate Locke, a partner in the growth private equity group at Kayne Anderson Capital Advisors, who will join Proficio’s board of directors as part of this financing. “Proficio is changing the way organizations meet their IT security and compliance goals by providing the most advanced cybersecurity solutions without the cost and complexity of acquiring sophisticated software or operating a 24×7 Security Operations Center on their own.”

Proficio is one of the fastest growing managed security service providers in North America with over 100 percent year-over-year revenue growth in its ProSOC service for the last three years. The company has established a strong customer base in key markets, such as financial services, manufacturing, and healthcare, and was one of the first MSSPs to establish a next-generation security operations center (SOC) in Singapore. Proficio was named winner of the Singapore CIOHONOUR Award® in the Managed Security Services Provider (MSSP) category for enterprise security in 2016. Proficio will continue to invest in Singapore and Australia and plans to expand its operations and partnerships into Hong Kong and South Korea during the first quarter of 2017.

“We are excited to be growing our presence in the Asia Pacific market to include sales and security operations in Singapore, Australia, Hong Kong and South Korea,” said Tim McElwee, co-founder, president and chairman of the board of Proficio. “We will continue our focus on delivering innovative solutions that help our customers protect, detect, and respond to cybersecurity threats. In the first half of 2017, we plan to introduce new services and platforms leveraging advanced analytics, threat intelligence, and orchestrated incident response.”

“M1 is partnering with Proficio and offering their managed detection and response services as part of our family of enterprise-grade cyber security solutions,” said Mr. Alan Goh, Chief Information Officer, M1 Limited. “Proficio is a leader in their market and we have also selected them to provide cyber security services to help protect our own corporate data and networks. With the strategic location of their next-generation security operation center in Singapore, we have a closer understanding of the local threats our customers can be exposed to. We are pleased Proficio is continuing to invest and grow in Singapore and throughout the region.”

“Asia Pacific enterprises are increasingly under threat from a range of cyber-attacks and security has become very important consideration for businesses when it comes to assessing their technology partners,” said Alex Tok, Managing Director, Proficio Asia Pacific. “Our ProSOC service is supported by an exceptional team of security professionals providing our customers with unparalleled threat visibility and cyber security protection.”

 

About Proficio

Proficio is an award-winning provider of managed detection and response services. Its innovative approach to managed security service delivery is changing the way organizations defend against advanced threats, achieve regulatory compliance, and prevent security breaches. Proficio’s ProSOC service provides highly accurate, 24×7 security monitoring and alerting, advanced threat detection, and automated response services. Proficio is the trusted managed security service provider for some of the world’s leading utility, healthcare, industrial and consumer-focused organizations. To take your security to the next-generation, visit www.proficio.com. Join the conversation with Proficio’s security leaders at TwitterFacebook and LinkedIn.