NetSPI, LLC

NetSPI, LLC, based in the US, excels in cybersecurity services, focusing on proactive vulnerability identification and remediation to enhance digital security for organizations. NetSPI, LLC is a cybersecurity firm specializing in proactive security solutions. Founded in 2001 in Minneapolis, US, the company has expanded its operations globally. The firm has successfully completed three deals, with the most recent transaction occurring on October 5, 2022, when KKR invested USD 410.

00 mn in the company. This funding aims to support technology innovation, talent acquisition, and global expansion. Aaron Shilts and Deke George serve as the company's CEOs. NetSPI specializes in cybersecurity solutions, offering a range of products designed to proactively identify and remediate vulnerabilities across various digital environments.

Their core offerings include Penetration Testing as a Service (PTaaS), External Attack Surface Management (EASM), Cyber Asset Attack Surface Management (CAASM), and Breach and Attack Simulation (BAS) as a Service. These services help organizations safeguard their critical assets by providing continuous threat exposure management and vulnerability assessments. NetSPI serves a diverse client base, including major players in healthcare, finance, and technology sectors, and operates across North America, Europe, and Asia-Pacific, enabling clients to achieve a comprehensive understanding of their cybersecurity posture. NetSPI generates revenue primarily through subscription-based models and service contracts, with clients engaging in annual service agreements.

These encompass various product offerings, including PTaaS for ongoing penetration testing, as well as EASM and CAASM for managing external attack surfaces and internal asset visibility. The transaction framework often involves multi-year contracts, ensuring continuous support and updates while structuring pricing according to the selected services. This model facilitates a steady revenue stream as NetSPI delivers targeted cybersecurity services. NetSPI plans to leverage the recent investment of USD 410.

00 mn from KKR, secured in October 2022, to enhance technology innovation, talent acquisition, and global expansion. The company is designing new products to further strengthen its cybersecurity offerings and aims to enter new markets, particularly targeting the Asia-Pacific region by 2024. The investment will also support the recapitalization of its first institutional investor, Sunstone Partners, ensuring continued growth and resource allocation for strategic initiatives.