# Netwrix Corporation

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

- Industry: Software
- Headquarters: Frisco, US
- Website: www.netwrix.com/
- Latest round: Series A (Feb 7, 2017)
- Investors on record: 1

## About

Based in the US, Netwrix Corporation provides data security solutions that help organizations mitigate risks related to sensitive data and identity management, enhancing their security posture across various environments.Netwrix Corporation was founded in 2006 and is headquartered in Frisco, US. The company focuses on delivering data security solutions to organizations worldwide. It has received funding in three rounds, with the most recent deal occurring on May 9, 2023, when Centerbridge Partners acquired a minority stake in Netwrix from TA Associates and Updata Partners. The current executives include April Nagel and Steve Dickson.Netwrix offers a comprehensive suite of data security solutions designed to mitigate risks associated with sensitive data and identity management. Key products include Netwrix Auditor, which enables organizations to identify IT risks and detect suspicious activity; Netwrix Access Analyzer, which helps to identify and reduce risks related to sensitive data; and Netwrix Endpoint Protector, focused on preventing data loss and malicious exfiltration across endpoints. These products function through real-time monitoring, automated reporting, and enforcement of security policies, serving clients across diverse industries such as education, telecommunications, and finance.Netwrix generates revenue primarily through a subscription-based model for its software products, involving annual or multi-year contracts for products like Netwrix Auditor and Netwrix Endpoint Protector. This pricing structure aligns with the value of its offerings. The company also provides professional services for implementation and training, further solidifying client relationships.The recent investment from Centerbridge Partners will enable Netwrix to expand its operations and enhance the reach of its data security solutions. While specific new products or technologies have not been mentioned, this funding is crucial for supporting their strategic initiatives. The company aims to penetrate more markets and geographic regions, with a focus on enhancing its presence in North America, Europe, and the Asia-Pacific region. The expansion efforts are set to align with the ongoing development of their offerings.

## Funding rounds

- Series A, Feb 7, 2017 — Updata Partners

## Investors

- Updata Partners (https://capitalatlas.ai/funds/updata-partners) — Series A