Frontier Capital Announces Majority Growth Equity Investment in MediaPRO and New CEO Appointment
CHARLOTTE, N.C. & BOTHELL, Wash.--(BUSINESS WIRE)--Jun 5, 2018--Frontier Capital (“Frontier”), announced its majority growth equity investment in MediaPRO Holdings, LLC (“MediaPRO” or the “Company”), a SaaS-based provider of security, privacy, and compliance awareness training solutions. Frontier Capital is a Charlotte-based growth equity firm focused exclusively on software and tech-enabled business services companies.
MediaPRO’s platform enables organizations of all sizes to analyze, plan, train, and reinforce education for their employees on critical security, privacy, and compliance issues. With high-profile data breaches becoming increasingly prevalent, often the direct result of employee error, MediaPRO’s solutions have become a key focus area for the executive suite. Like the threats that MediaPRO defends against, the Company’s solution is highly adaptable, and its industry-leading content can be quickly and cost-effectively updated to address the latest cyber-risks.
Frontier’s investment is intended to support MediaPRO as it seeks to solidify its leadership position in the security, privacy, and compliance awareness training software markets. As part of these growth initiatives, MediaPRO will be launching an innovative new platform, the details of which will be unveiled later today at the Gartner Security & Risk Management Summit.
Frontier and MediaPRO also announce the appointment of Tyler Winkler to lead the Company’s next phase of growth as Chief Executive Officer. Prior to joining MediaPRO, Tyler led revenue growth for SecureWorks, a leading global cybersecurity company, from less than $1 million to greater than $450 million through geographic, segment, and channel expansion.
“Corporate security breaches are a pervasive threat across all sectors of the global business economy. MediaPRO’s solutions enable businesses of all sizes to equip employees with the education and awareness needed to create an employee-centric firewall,” said Tyler Winkler, MediaPRO CEO. “MediaPRO has experienced tremendous demand and growth as risk mitigation pressure continues to drive adoption of commercial security, privacy, and compliance awareness solutions. Frontier’s partnership brings us experienced investors in growth-stage software and IT security companies. They have the ability to provide insightful guidance, a growth roadmap, and resources to help us execute our expansion plans,” continued Winkler.
“Cybercriminals are increasingly targeting employees that they believe are the weakest link in a company’s security infrastructure,” said Frontier partner Scott Hoch. “MediaPRO’s software and innovative training solutions empower employees across all sectors and geographies with the knowledge they need to become a company’s greatest asset in mitigating cybersecurity breach risk. Frontier Capital is enthusiastic about partnering with Tyler and the MediaPRO team in helping the Company continue to provide innovative and engaging solutions to address this dynamic and increasing threat. The value of MediaPRO’s solution is demonstrated by a strong, loyal customer base of some of the largest Fortune 500 corporations, as well as the unique recognition as a “Leader” in the Gartner Magic Quadrant for Security Awareness Computer-Based Training,” continued Hoch.
Including MediaPRO, Frontier has made five investments in SaaS-based companies over the past ten months. This investment comes from the firm’s $390 million Frontier Fund IV, which closed in 2015.
MediaPRO’s Latest News: http://mediapro.com/blog/mediapro-announces-learninglab-awareness-platform
About MediaPRO, Inc.
MediaPRO, headquartered in Bothell, Washington, works with many Fortune 500 companies and mid-sized businesses to diminish the human-based security threat through adaptive training and reinforcement programs. Over the past two decades, MediaPRO has won hundreds of industry awards and is recognized by Gartner as a “Leader” in the Magic Quadrant for Security Awareness Training Vendors. For more information, please visit www.mediapro.com.
About Frontier Capital
Frontier Capital is a Charlotte-based growth equity firm focused exclusively on software and technology-enabled business services companies. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. The firm makes minority and majority equity investments in high-growth companies. For more information, please visit www.frontiercapital.com or follow Frontier on LinkedIn.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180605005628/en/
CONTACT: MiddleM Creative, on behalf of Frontier Capital
Kristin Steele, 704-879-1754
RH Strategic, on behalf of MediaPRO Holdings, LLC
Danielle Ruckert, 206-607-1311
KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA WASHINGTON
INDUSTRY KEYWORD: EDUCATION TECHNOLOGY SOFTWARE SECURITY PROFESSIONAL SERVICES FINANCE TRAINING
SOURCE: Frontier Capital
Copyright Business Wire 2018.
PUB: 06/05/2018 05:00 AM/DISC: 06/05/2018 05:01 AM