Coveware, Inc.
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Coveware, Inc. - overview
Established
2018
Location
Westport, CT, US
Primary Industry
IT Security/Cybersecurity
About
Founded in 2018 by CEO Bill Siegel and based in Connecticut, US, Coveware, Inc. is a provider of decryption solutions that help businesses remediate ransomware and recover files. In April 2024, Veeam Software, a portfolio company of Insight Partners, acquired Coveware, Inc. Coveware offers ransomware incident response services to assist businesses with recovering data and mitigating damage after a ransomware attack.
This includes negotiation with attackers, decryption tools, and post-incident documentation. In addition to incident response, the company offers ongoing support through retained services. This service helps organizations develop a ransomware preparedness plan, identify vulnerabilities, and implement security measures to minimize the risk of an attack. Additionally, the firm offers UNIDECRYPT, a decryption tool or service, while RECON, forensic triage, likely involves initial forensic analysis and investigation after a ransomware attack.
The business also provides a data feed containing industry insights or threat intelligence related to ransomware. The real-time information helps businesses stay informed about the latest ransomware trends and tactics used by attackers.
Current Investors
Veeam Software Group GmbH
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity, Monitoring & Security Software
Website
www.coveware.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Coveware, 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 | Coveware, Inc. | - |
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