Security News > 2020 > February > Sysnet secures funding to support growth and accelerate development of security product offerings

Sysnet Global Solutions, the leading provider of cyber security and compliance solutions operating in over 60 countries worldwide, announced it has secured a significant growth equity investment led by FTV Capital, a growth equity firm with a successful track record supporting high-growth financial services and technology companies, and joined by equal investor True Wind Capital, a technology-focused growth and private equity firm with significant experience in security software and services.

Sysnet clients favour Sysnet's managed compliance and security services as an alternative to charging customers non-compliance fees for not complying with the PCI DSS. Any organisations that handles payment card data must comply with PCI DSS. The investment will be used to support Sysnet's rapid growth in North America and Europe, as well as its expansion into new markets including Latin America and Asia.

The investment will also accelerate the development of its security product offerings to SMBs via acquiring and payment processing organisations.

"FTV is a perfect fit for Sysnet given its knowledge of security and payments, Global Partner Network and proven ability to scale high-growth companies. Further, True Wind is a seasoned technology, software and security investor, providing decades of operational, growth and scaling expertise to technology companies."

"Their combined investment will enable us to deepen our strategic relationship with our clients and their customers through the enhancement of our security product offering and customer support globally. We're incredibly confident that Sysnet will benefit from the experience and expertise that the FTV and True Wind teams bring to the table."

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