ABS Capital Adds GuidePoint Security to Portfolio of Growth Companies
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.