ABS Capital Adds GuidePoint Security to Portfolio of Growth Companies

Filed Under Business & Tech-Enabled Services

ABS Capital Partners drawn to Company’s high growth and cybersecurity expertise, solutions, and services; Michael Annessa joins as CFO

HERNDON, Va. (July 14, 2020)GuidePoint Security, a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, today announced the closing of a funding round led by ABS Capital Partners, a leading late-stage growth company investor. GuidePoint will leverage the investment to accelerate organic growth and geographic expansion. As a result of the transaction, Michael Avon, a General Partner with ABS Capital, joined GuidePoint Security’s board of directors. The Company also announced the addition of Michael Annessa as CFO.

“GuidePoint is capitalizing on the demand for advisory services and trusted solutions in an increasingly complex and growing cyber threat environment,” said Michael Volk, Managing Partner of GuidePoint Security. “Our continuous year over year growth can be attributed to our team of highly certified security practitioners and consultants who have deep domain knowledge and expertise, along with our unrelenting goal of solving the most challenging cybersecurity issues to ensure customer success. We are excited to continue on this trajectory with the addition of Michael Annessa and the support of ABS Capital.”

Founded in 2011, GuidePoint enables some of the nation’s top organizations, including 40 of the Fortune 100 and more than half of the U.S. government cabinet-level agencies, to identify threats, optimize resources and integrate best-fit solutions that mitigate cyber risk. GuidePoint partners with its customers to review, compare, and recommend best-fit security solutions based on their unique environment and requirements. The company has sold a combination of cybersecurity solutions and services to more than
2,000 U.S.-based customers.

GuidePoint has developed a best-practices approach to evaluating, selecting, implementing, managing and optimizing cybersecurity solutions as evidenced by its expansive customer base and very impressive growth,” said Michael Avon. “We had the privilege of getting to know the Company and management over a number of years and have seen first-hand their ability to develop and monetize solutions to anticipate customer needs. Michael Annessa is a great addition to the team to help drive the Company’s future growth initiatives.

Annessa is a seasoned executive with experience in building and leading finance teams for high-growth tech companies. Prior to joining GuidePoint, Annessa served as the CFO of Apcela, a leader in cloud-optimized software-defined enterprise networks, where he was instrumental in generating profitable growth. As CFO of GuidePoint, Annessa oversees the accounting, financial planning and analysis, treasury, tax, and business operations functions.

AGC and DLA Piper served as advisors on the deal.

About GuidePoint Security

GuidePoint Security provides trusted cybersecurity expertise, solutions and services that help organizations make better decisions that minimize risk. Our experts act as your trusted advisor to understand your business and challenges, helping you through an evaluation of your cybersecurity posture and ecosystem to expose risks, optimize resources and implement best-fit solutions. GuidePoint’s unmatched expertise has enabled a third of Fortune 500 companies and more than half of the U.S. government cabinet-level agencies to improve their security posture and reduce risk. Learn more at www.guidepointsecurity.com.

About ABS Capital Partners

For 30 years, ABS Capital has been investing in later-stage growth companies, helping CEOs capitalize on new opportunities and navigate unforeseen obstacles – while never losing sight of the ultimate goal of achieving lasting excellence. Our partners have decades of experience as C-level executives, investment bankers, and investors in the industries in which we invest: business and tech-enabled services and healthcare. This combination of experience and expertise means we have a laser-focus on the specific needs growth companies face as they look to get to the next level. By helping to transform over 130 companies through their most crucial stage of development, ABS continues to help unleash the potential for lasting growth. ABS Capital Partners. Here, we grow. For more information, visit www.abscapital.com.

Latest News

ABS Capital Adds Apptopia to Portfolio of Growth Companies

Filed Under Business & Tech-Enabled Services, About Us, ABS Capital News

BOSTON, MA (May 11, 2021) – Apptopia Inc., the leader in real-time competitive intelligence, today announced the close of a $20 million financing round led by ABS Capital Partners with participation from existing investors, including Blossom Street Ventures. The company has been profitable for the past year while growing revenue 50% year-over-year for the past

Read More
ABS Capital Partners Here We Grow

ABS Capital Partners Promotes Bion Ludwig to General Partner and Welcomes Marla Blow as Portfolio Advisor

Filed Under About Us, ABS Capital News

Ludwig, who joined ABS in July 2020 as a venture partner, will continue sourcing exciting new investment opportunities and providing strategic support to ABS’s portfolio companies.  Blow, who currently serves as President and Chief Operating Officer of the Skoll Foundation, is working with ABS to connect the firm with strong growth companies and executives from

Read More
Exec Online Logo

ABS Portfolio company ExecOnline Raises a $45 million growth equity round with participation from ABS Capital

Filed Under Business & Tech-Enabled Services, About Us, Portfolio Company News

ExecOnline partners with elite business schools like Berkeley Haas, Columbia, Stanford GSB, and Wharton, and leverages its unique applied learning approach and proprietary online platform to deliver participant completion rates above 90%, impressive NPS scores, and strong ROI for the enterprise. The funding will be used to accelerate growth by investing in sales and marketing,

Read More
Back to Top

Want to hear it first?

Sign up to receive ABS news
  • This field is for validation purposes and should be left unchanged.