# Avecto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avecto

- Industry: Software
- Headquarters: Manchester, UK
- Website: www.avecto.com
- Total disclosed funding: $49M
- Latest round: Series A (Dec 2, 2015)
- Investors on record: 1

## About

Avecto Limited is a cybersecurity firm specializing in endpoint security and privilege management solutions, dedicated to helping organizations protect their sensitive data from cyber threats through innovative technology.Founded in 2008, Avecto Limited is based in Manchester, UK. The company specializes in cybersecurity solutions, focusing on endpoint security and privilege management. In July 2018, Bomgar Corporation, a portfolio company of Francisco Partners, acquired Avecto, with financial terms undisclosed. The company has completed a total of 2 funding deals, with the latest round being a Series A investment of USD 49.00 mn from JMI Equity, raising a total of USD 49.00 mn since inception.Avecto specializes in cybersecurity solutions, particularly focusing on endpoint security and privilege management. Their flagship product, Defendpoint, empowers organizations to secure their endpoints through application control, privilege management, and malware protection. Defendpoint minimizes the attack surface by enforcing strict controls on user privileges, offering granular application access based on user roles. Targeting industries such as finance, healthcare, and government, Avecto ensures broad accessibility for organizations seeking enhanced cybersecurity measures across North America, Europe, and Asia-Pacific.In the most recent year of 2023, Avecto reported a revenue of USD 48.19 mn and an EBITDA of USD 12.81 mn. The company operates a subscription-based model, providing its cybersecurity solutions primarily through annual subscriptions that grant businesses access to the Defendpoint platform and its associated services, including ongoing software updates, technical support, and customer training.Avecto Limited's future growth strategy involves launching new products designed to enhance their cybersecurity offerings, although specific release dates have not been disclosed. The company aims to expand its market presence into new geographic regions, with particular focus on emerging markets in Asia and South America by 2025. The recent Series A funding of USD 49.00 mn is expected to support these initiatives, fostering product development and marketing efforts to attract new clients. Additionally, the acquisition by Bomgar Corporation in July 2018 has positioned Avecto to leverage greater resources and technological capabilities in its expansion efforts.

## Funding rounds

- Series A, Dec 2, 2015, $49M — JMI Equity

## Investors

- JMI Equity (https://capitalatlas.ai/funds/jmi-equity) — Series A