Coalfire Systems, Inc.
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Coalfire Systems, Inc. - overview
Established
2001
Location
Greenwood Village, CO, US
Primary Industry
IT Security/Cybersecurity
About
Coalfire Systems, Inc. is a US-based cybersecurity firm that delivers advanced compliance solutions and innovative SaaS platforms to enhance organizations' cyber resilience and streamline regulatory adherence. Founded in 2001 and headquartered in Greenwood Village, US, Coalfire Systems, Inc. focuses on cybersecurity services and compliance solutions.
The company has undergone strategic pivots to enhance its service offerings, and it has completed five deals in total. Coalfire's most recent funding round was a Series B in December 2019, raising USD 3. 60 mn from Baird Capital Partners, bringing the total amount raised to USD 3. 60 mn.
The current CEO is Tom McAndrew. Coalfire specializes in advanced cybersecurity services and innovative SaaS-based platforms designed to enhance organizations' cyber resilience, simplify regulatory compliance, and boost overall business performance. Their core offerings include tailored cybersecurity solutions that protect against evolving cyber threats while ensuring compliance with industry standards such as PCI, ISO, FedRAMP, CMMC, SOC, and HITRUST. Coalfire serves various sectors, including financial services, healthcare, retail, and technology, with clients ranging from elite enterprises to leading SaaS companies, particularly in North America and Europe.
Coalfire generates revenue through a combination of service contracts and subscriptions for their cybersecurity solutions and compliance automation platforms. Clients typically engage in B2B transactions, partnering with Coalfire to achieve compliance and cybersecurity objectives. Their flagship product, the Compliance Essentials platform, facilitates streamlined evidence collection and management for audit readiness. Revenue is generated via annual or quarterly subscriptions based on service complexity, along with advisory services that further enhance revenue streams.
Coalfire plans to utilize the funding from its Series B round for future growth initiatives. Recent strategic directions include the development of new products aimed at enhancing cybersecurity measures, although specific release dates have not been disclosed. Additionally, the company is targeting further expansion into European markets, aiming to establish a more significant presence by late 2021. The most recent deal occurred in December 2019 when Apax Partners agreed to acquire Coalfire Systems, Inc.
from its previous owners.
Current Investors
Apax Partners, Baird Capital Partners
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity, Monitoring & Security Software
Website
www.coalfire.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Coalfire Systems, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Denim Group, Ltd. | - | ||||||||
| Add-on | Completed | Veris Group, LLC | - |
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