Delta Risk LLC Completes Growth Capital Financing to Support Strategic Growth and Expansion
June 14, 2017
FOR IMMEDIATE RELEASE
Investment Enables Cyber Security Firm to Strengthen Services Offerings, Expand Staff
SAN ANTONIO, TX — June 14, 2017 — Delta Risk LLC, a global provider of cyber security and risk management services, announced today that it has successfully completed a growth capital financing to support continued organic growth and strategic expansion. Existing investors and Board members provided the new growth capital, which enables Delta Risk’s management team to strengthen the company’s unique capabilities and services offerings, and expand sales and marketing programs.
“Delta Risk provides essential services to commercial and government customers in the critical battle against rapidly evolving cyber threats,” said General Michael V. Hayden, Chairman of Delta Risk’s Board of Directors. “The Chertoff Group, and our network of investors, are very proud to partner with Delta Risk to support their core business operations and continued growth.”
TCG Diamond Holdings, an affiliate of The Chertoff Group, acquired Delta Risk in 2015. Since the transaction, The Chertoff Group has partnered with the company to foster its ongoing investment in people, innovative solutions, and the add-on acquisition of Allied InfoSecurity. Today, Delta Risk’s cyber security offerings include managed security services, incident response services, security and technical training, contingency planning, assessments, and exercises.
Delta Risk was recognized as one of the “Top 10 Managed Security Service Providers 2016” by Enterprise Security magazine, and as one of the “Top 25 Cyber Security Companies 2017” by CIO Applications magazine. In June 2017, the U.S. Government Services Administration (GSA) awarded the company an IT-70 contract (#GS35F482GA) that includes six Services Special Item Numbers (SINs), including all four Highly Adaptive Cyber Security Services SINs. Delta Risk is now part of a small group of companies that hold all four specialized cyber security designations.
In the past two years, the company has expanded its service offerings to include ActiveEye and ActiveCAM. From basic network traffic monitoring and control to compliance reporting and tracking, Delta Risk can serve as an extension to security teams through ActiveEye, which offers network-layer and cloud-service security, on or off an organizational network, for all devices (including mobile). ActiveCAM focuses on the most critical area of cloud security, access control. It monitors logs from an organization’s cloud environments, and alerts them if any access anomalies are detected.
“We’ve doubled our employee base and our revenue in the two years since we partnered with The Chertoff Group, and we are poised for another exciting period of accelerated growth,” said Scott Kaine, Delta Risk CEO. “The financing will be used to make further investments in our services through differentiated capabilities and new proprietary solutions that are a great fit for the needs of the rapidly growing and changing cyber marketplace.”
ABOUT DELTA RISK LLC
Delta Risk LLC provides tailored, high-impact cyber security and risk management services to government and private sector clients worldwide. Formed in 2007, Delta Risk consists of trusted professionals with expert knowledge around technical security, policy and governance, and infrastructure protection to help clients improve their cyber security operational capability and protect business operations. Delta Risk is a Chertoff Group company.
ABOUT CHERTOFF GROUP LLC
The Chertoff Group is a premier global advisory firm focused on security and risk management. The Chertoff Group helps clients grow and secure their enterprise through risk management, business strategy, and merchant banking advisory services. The Chertoff Group, and its investment banking subsidiary Chertoff Capital, have advised on multiple M&A transactions totaling nearly $7 billion in deal value. Headquartered in Washington D.C., the Firm maintains offices in Menlo Park and New York. For more information, visit www.chertoffgroup.com.
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