Appgate, Inc.

Appgate, Inc. is a cybersecurity firm focusing on Zero Trust Network Access (ZTNA) solutions, enhancing secure access across diverse platforms and ensuring robust fraud protection for organizations worldwide. Founded in 2020, Appgate, Inc. specializes in cybersecurity solutions.

The company is headquartered in Coral Gables, US, and has undergone a significant transition, being acquired by Cryptzone Group AB in December 2009 for SEK 25. 88. It has successfully closed 2 deals to date, with its latest funding round being a TRADE SALE worth SEK 25. 88 mn, resulting in a total amount raised of SEK 25.

88 mn. Appgate provides a range of cybersecurity products, notably its core offering, Appgate SDP (Software Defined Perimeter), which secures user access irrespective of device or location. The platform enhances security by eliminating traditional VPN vulnerabilities and employs a direct-routed architecture for optimized performance and granular access controls. Appgate SDP is utilized across various industries, including federal agencies and financial institutions, with services available in North America, Europe, and Asia-Pacific regions.

In the most recent year, Appgate reported a revenue of USD 45. 31 mn, alongside an EBITDA of USD -36. 37 mn. The company's revenue model is primarily subscription-based, allowing enterprises and government bodies to engage in secure access management through its software solutions.

Appgate is focused on launching new products to enhance its offerings, although specific release dates are not disclosed. The company aims to expand into additional markets, particularly targeting sectors within Europe and Asia-Pacific by 2025. The recent funding from its acquisition will support these expansion plans and product development initiatives.