Providence Strategic Growth Invests in Untangle Inc.
September 12, 2016
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.
- Targets
- Untangle Inc.
- Industry
- Cybersecurity
- Location
- California, United States
- Transaction Type
- Growth capital
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