Providence Strategic Growth Leads $19M Growth Round in DivvyCloud

Rapid7 Acquires DivvyCloud for Approximately $145M

April 28, 2020

Cybersecurity

Rapid7 agreed to acquire DivvyCloud, a cloud security posture management (CSPM) provider, for approximately $145 million in cash and stock. The acquisition expands Rapid7’s cloud security capabilities by integrating DivvyCloud’s automated cloud and container compliance, remediation, and governance technology into Rapid7’s Insight platform.

Providence Strategic Growth Invests in ThreatConnect

June 3, 2019

Cybersecurity

Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, has made a strategic growth investment in ThreatConnect, an Arlington, Virginia-based provider of an intelligence-driven security operations platform. The funding will be used to accelerate ThreatConnect's go-to-market strategy, product development and international expansion as the company plans to increase staff by more than 50% over the next 12 months.

Providence Strategic Growth Invests in Wagepoint

September 9, 2020

Cloud & SaaS

Wagepoint has completed a majority recapitalization and strategic growth investment led by funds advised by Providence Strategic Growth (PSG), receiving more than $10 million of new capital. The investment will fund product innovation, scale go-to-market and customer support, and enable Wagepoint to pursue strategic acquisitions as it serves over 12,000 small-business customers across North America.

Providence Strategic Growth Invests €32M in Net Reviews

November 12, 2019

Cloud & SaaS

Providence Strategic Growth (PSG) has agreed to provide a €32 million growth investment in Net Reviews, a Marseille-based developer of SaaS customer review management software (trading as Verified Reviews/Avis Vérifiés). The investment will support Net Reviews' expansion across Europe and the Americas via organic growth and strategic acquisitions while the founding management team remains in place.

Providence Strategic Growth Invests in Next Glass

April 23, 2020

Cloud & SaaS

Providence Strategic Growth (PSG), the growth-equity affiliate of Providence Equity Partners, has made a significant growth investment in Next Glass to accelerate product innovation, go-to-market expansion and support strategic add-on acquisitions. The funding will bolster Next Glass's consumer platforms (Untappd, BeerAdvocate) and its SaaS products (Untappd for Business, Untappd Marketplace) and establish a small-to-medium business support fund for COVID-19 relief.

Providence Strategic Growth Invests in Untangle Inc.

September 12, 2016

Cybersecurity

Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, has acquired Untangle Inc. and provided growth capital to accelerate the company's product, channel, and go-to-market initiatives in the unified threat management/next-generation firewall market. Untangle, headquartered in San Jose, California, will be led by newly appointed CEO Scott Devens as it pursues market share expansion in the SMB and below-enterprise segments.