Falfurrias Management Partners, a private equity firm, has announced a significant growth investment in MOXFIVE, a cybersecurity company specializing in incident response and risk minimization. This strategic move aims to bolster MOXFIVE's capabilities and expand its market reach.
Key Takeaways
Falfurrias Management Partners invests in MOXFIVE, a cybersecurity firm.
MOXFIVE specializes in incident response and risk minimization.
The investment will enhance MOXFIVE's operational capabilities and market presence.
Joe Price and Wilson Sullivan from Falfurrias will join MOXFIVE's board.
MOXFIVE's CEO, Mike Wager, will continue to lead the company.
About the Investment
Falfurrias Management Partners, known for its focus on growth-oriented, middle-market businesses, has made a growth investment in MOXFIVE. The financial terms of the deal were not disclosed. This investment is expected to bring new expertise and resources to MOXFIVE, enhancing its ability to help organizations respond to cyber incidents and minimize future risks.
Joe Price and Wilson Sullivan, partners at Falfurrias, will join MOXFIVE's board of directors. They will work alongside Mike and Alison Wager, with Mike Wager continuing his role as CEO.
MOXFIVE's Unique Approach
Founded in 2019 by cybersecurity expert Mike Wager, MOXFIVE offers a tailored cybersecurity plan for each client. The company leverages its team of technical experts and a proprietary MOXFIVE Platform to provide a customized incident response strategy. This platform allows businesses to oversee risk management initiatives from end to end, offering control in a typically chaotic space.
MOXFIVE has managed thousands of cybersecurity incidents, helping clients reduce their response and recovery time by over 50%. The company's approach combines on-the-ground experts with proprietary technology to prioritize efficiency and outcomes at every phase of incident escalation.
Statements from Key Players
"We built MOXFIVE because we've seen first-hand the detrimental and costly impact inefficient cybersecurity responses can have on businesses of all sizes," said Mike Wager, CEO of MOXFIVE. "Our unique approach, underpinned by our proprietary software platform and vast marketplace of cybersecurity and IT partners, helps clients better understand, respond to, fend off, and prevent threats. With Falfurrias' expertise and resources, I'm confident we'll be able to take MOXFIVE to the next level."
Wilson Sullivan, a partner at Falfurrias, added, "Our industry-first research validated the long-term secular trends in the cybersecurity sector, but also confirmed MOXFIVE's differentiated approach and unique position in the market. Their combination of on-the-ground experts and proprietary technology platform prioritizes efficiency and outcomes in a way that helps clients at every phase of incident escalation. We look forward to helping them further define their place in the market."
About Falfurrias Management Partners
Falfurrias Capital Partners is an operationally focused middle-market private equity fund. The firm invests in high-growth companies in sectors such as food manufacturing, industrial technology, and business services. Founded in 2006 by Hugh McColl Jr., Marc Oken, and Ed McMahan, the firm has raised $2.2 billion across six funds. Falfurrias leverages its operational resources, relationships, and sector expertise to support the growth objectives of its portfolio companies.
About MOXFIVE
MOXFIVE is a cybersecurity company that helps organizations respond to incidents and minimize the risk of future attacks. The company combines technical expertise with a proprietary platform to deliver a tailored incident response approach. MOXFIVE has helped thousands of businesses respond to major incidents, providing a resilience-minded path forward for clients of all sizes.
Sources
Falfurrias Management Partners Announces Growth Investment in Cybersecurity Company MOXFIVE, PR Newswire.
Falfurrias invests in cybersecurity firm MoxFive | PE Hub, PE Hub.
Falfurrias invests in VA-based cybersecurity company Moxfive | The Insurer, The Insurer.
Falfurrias Management Partners Announces Growth Investment in Cybersecurity Company MOXFIVE | News | cnhinews.com, cnhinews.com.
Falfurrias Management Partners Announces Growth Investment in Cybersecurity Company MOXFIVE, ABC27.