Wellington Financial Provides $5 Million Growth Capital to Agiliance
SAN FRANCISCO, CA and TORONTO, ON, May 13, 2014 /PRNewswire/ – Wellington Financial LP, a privately-held specialty finance firm, today announced a $5 million expansion financing for Agiliance®, Inc. The investment will be used to increase product marketing evangelism, leverage target sector distribution and solution coverage and bring to market a new cloud offering. Wellington’s funding follows Agiliance’s double-digit profitability over the past seven quarters, release of an innovative and high quality RiskVision™ 7, and nearly ten-fold growth in secure cloud services wins over a trailing twelve month period.
Agiliance, the Big Data Risk Company™ is the leading independent provider of integrated solutions for Operational and Security Risk programs. The Company’s flagship software platform, RiskVision, is used by leading global organizations, including Bell Canada, CIT Group, Cisco Systems, Deutsche Bank AG, DNB ASA, E*TRADE, Exelon Corporation, First Energy Corp., Fiserv, McAfee, Proofpoint, Qualcomm Inc., Safeway Inc., Southern Company, State Street Bank, and the U.S. Departments of Energy, Health and Human Services, Justice, and Veterans Affairs.
“Agiliance provides the market’s leading solution for unifying Operational Risk Management and Security Risk Management in one extensible platform. Given Agiliance’s strong technology, continuing displacement of incumbent vendors, and marquee global client base, we are pleased to add the company to our investment portfolio,” said Vik Gupta, Partner of Wellington Financial.