BOSTON, May 22, 2024
/PRNewswire/ -- BV Investment Partners (BV), a middle-market
private equity firm focused on the tech-enabled business services,
software and IT services sectors, announced today that it has made
a majority investment in CyberSheath, a leading managed compliance,
security, and IT provider for companies serving the Defense
Industrial Base.
CyberSheath helps sub-contractors comply with complex Department
of Defense (DoD) cybersecurity regulations, including the
Cybersecurity Maturity Model Certification (CMMC) paradigm to
ensure its contractors align with DoD's information security
requirements and measures are taken to protect sensitive data from
cybersecurity attacks. The Company's solution set includes
end-to-end compliance from assessment, implementation, and ongoing
system management, as well as tailored 24/7/365 security services.
Founded in 2012, CyberSheath is based in Reston, VA.
CyberSheath co-founder and Chief Executive Officer Eric Noonan said, "Our cybersecurity services
support a diverse range of DoD contractors, helping them build a
fully compliant information security program and maintain it over
time. This enables them to comply with strict mandatory controls
and protect sensitive data so they can better compete and win DoD
contracts. We are excited to begin our partnership with BV whose
resources and deep sector insights will help us drive growth and
capitalize on the tremendous opportunities in the CMMC
ecosystem."
Justin Harrison, Managing Partner
of BV Investment Partners, said, "We were attracted to CyberSheath
because of the Company's wing-to-wing compliance solution that is
backed by depth, breadth and experience that is second to none. BV
has significant experience investing in similar cybersecurity and
compliance businesses and we are confident that this exciting
partnership with Eric and his team will help strengthen
CyberSheath's position in the market."
John Batter, Principal of BV
Investment Partners, added, "We continue to identify high quality
founder-led businesses, and we have great respect for what Eric and
the Company have accomplished to date. We are excited to help them
continue to build CyberSheath's suite of services and to further
differentiate their market-leading position."
About CyberSheath
Established in 2012, CyberSheath is one of the most experienced and
trusted IT security services partners for the U.S. Defense
Industrial Base. From CMMC compliance to strategic security
planning to managed security services, CyberSheath offers a
comprehensive suite of offerings tailored to clients' information
security and regulatory compliance needs. Learn more
at www.cybersheath.com.
About BV Investment Partners
BV Investment Partners is one of the oldest and most experienced
sector-focused private equity firms in North America. Since its founding in 1983, the
firm has invested approximately $5.5
billion, actively targeting investments in the tech-enabled
business services, software, and IT services industries. The firm
is investing out of its 11th private equity fund, which closed in
September 2023 with $1.75 billion in capital commitments. BV was
ranked in Inc. magazine's 2023 list of Founder-Friendly Investors.
For more information, visit www.bvlp.com.
Contacts:
For CyberSheath
Kristen Morales
at Kristen.Morales@cybersheath.com
For BV
Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334
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SOURCE BV Investment Partners