Company establishes leadership position as one of the largest pure-play cyber risk management firms in just 36 months; Game-changing approach helps organizations manage and mitigate risk across the enterprise
TAMPA, FL – Cyber Risk Management, LLC and Sunera LLC, APTEC, LLC and ANRC, LLC today announced they have completed the unification of their portfolio companies under the new name Focal Point Data Risk, LLC (Focal Point). With over $100.0 million in committed equity from Norwest Equity Partners (NEP) and Halyard Capital — along with its founders — Focal Point’s brand launch further accelerates the company’s acquisition and organic growth goals. Growing more than 100 percent in the past three years, Focal Point has rapidly become the largest pure-play data risk management firm dedicated to helping business and government customers anticipate and minimize severe threats to their most important information, IT assets and missions.
The company counts an impressive array of Fortune 1000 businesses and U.S. government organizations among its more than 525 clients. Further, Focal Point Data Risk has already achieved numerous milestones, including:
- Recognition in Consulting magazine’s closely-watched list of “Fastest Growing Firms”
- Managing more than 4 million user identities for clients and creating or otherwise handling more than 100 million identities to-date
- Training more than 15,000 cybersecurity professionals in crucial incident response and security management functions for large commercial and government organizations
- Boasting an approximate 28 percent compound annual growth rate (CAGR)
“This is an exciting next step for our team, piggy-backing on our tremendous growth entirely due to the exceptional expertise and experience of our people in prioritizing our clients’ success,” said Focal Point Data Risk CEO Yong-Gon Chon. “The most recent, far reaching data breaches impacting political candidates and blockbuster M&A deals like Yahoo, prove once again that managing cyber risk is about much more than technology – it is about mastering your data and its exposure. We are the specialists in insight and hands-on execution around these crucial issues impacting businesses and governments across North America.”
“The team at Focal Point has steadily built a remarkably well-positioned business that anticipated the need to connect business-savvy consultative services with deep, objective cybersecurity expertise,” said Tom Schauerman, Partner at NEP. “C-Suites and boardrooms acknowledge that expanding security staff and budgets alone cannot conclusively reduce new risks continually introduced to their changing operations. The new premium is on anticipating these changes driven by market forces and then advising executives on security postures at every turn – this is Focal Point Data Risk’s business.”
Focal Point Data Risk’s rapid growth is fueled by the firm’s active recruitment and retention of talented employees enjoying outstanding benefits and rewarding professional growth opportunities. Individuals in data risk related fields including security management, incident response, regulatory compliance, finance, privacy and global sourcing/supply chains can contact recruiting@focal-point.com for more details.
Follow Focal Point Data Risk
Twitter: @focalpointdr
LinkedIn: https://www.linkedin.com/company/focal-point-data-risk
About Focal Point Data Risk, LLC
Focal Point Data Risk is a new type of risk management firm delivering a unified approach to addressing data risk through a unique combination of service offerings. Focal Point brings together industry-leading expertise in cybersecurity, identity governance and access management, data privacy, analytics, internal audit, and hands-on training services – giving clients everything they need to plan and develop effective risk and security programs. By integrating these services, we provide the resources necessary for protecting and using data across entire organizations. Simply put, Focal Point is the next generation of risk management. Visit http://focal-point.com for more information.
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Media Contacts:
Tom Resau // W2 Communications
tom@w2comm.com // 703-877-8103