KANSAS CITY, MO–(Marketwired – July 29, 2016) – Fishtech has invested $3 million in Foresite, the Overland Park, Kansas-based SaaS-based managed security services provider. The investment furthers Fishtech’s vision of becoming the leading technology accelerator. Coupled with its capital investment, Fishtech will leverage decades of industry experience to support Foresite with innovative go-to market strategies, industry positioning, and technology acceleration services.
“Foresite’s Provision platform is a perfect complement to our cloud forward approach at Fishtech,” says CEO Gary Fish. “With the MSSP market predicted to grow to $30 billion worldwide by 2020, we believe Foresite is positioned well to take advantage of market tailwinds.”
Fish praised Foresite’s White Label solution, which enables channel partners to participate in the MSSP market without having to invest the time and money to build the software and infrastructure to support their own MSSP environment.
“We are very impressed with the SaaS-based Provision platform,” says Fish. “A platform with this depth of features and capabilities takes years to develop. It’s very exciting to partner with Foresite at this juncture in their evolution.”
Foresite’s Incident Response capabilities complement its customers and channel partners. “The ability to identify and immediately remediate threats through its Provision Platform means Foresite is poised to disrupt the MSSP space,” says Fish. “We’re happy to start this journey.”
“With the addition of the $3 million capital investment from Fishtech we are receiving far more than a capital investment,” says Robin Mayo, CEO of Foresite. “Gary and his team at Fishtech are uniquely poised to help us accelerate our go-to-market strategy. They are respected leaders in our industry and we are very excited to welcome them as an extension of our team.”
Along with the equity investment, Gary Fish and Dan Thormodsgaard of Fishtech will join the Foresite board.
Fishtech Group is a data-driven cybersecurity solutions provider for any computing platform. We identify gaps and solutions to help organizations minimize risk, maintain compliance, and increase efficiency. Fishtech is the flagship entity of Fishtech Group, which includes the Security-as-a-Service division CYDERES, and the wholly owned security analytics firm Haystax Technology of McLean, VA. Our venture partners are Perch Security of Tampa, FL, and Foresite of Overland Park, KS.
Foresite delivers a range of threat mitigation and managed security services. These unique and flexible solutions offer businesses innovative ways to address the liabilities of today’s complex security and compliance requirements. Our professionals, long experienced and highly knowledgeable in compliance and security, apply their expertise to providing superior consultative guidance and unparalleled customer service. The company’s managed security services are delivered via our proprietary ProVision platform. Foresite is a Moneo Technology Solutions Company, headquartered in Overland Park, Kansas, with operations centers in East Hartford, Connecticut, and London, United Kingdom. For more information, visit http://www.foresite.com.