FishNet Security, Inc., an information technology security solutions provider to enterprise and small and medium-size business clients, today announced that it has partnered with and received a significant investment from Lake Capital, a private equity firm that invests exclusively in service-based companies. FishNet Security will use the capital and strategic resources provided by Lake Capital to continue to grow the scope and reach of its service offerings through organic initiatives and acquisitions.
Founded in 1996, FishNet Security has grown to over $200 million in annual revenue and nearly 300 employees. The company’s focus on information security enables it to provide customers with comprehensive information security solutions that reduce the complexity of establishing a secure business environment. FishNet Security provides holistic security solutions, including information security strategy and planning, continuous risk and application assessment, integration, implementation, training, staff augmentation, support, and managed security services. The company supports its customers through a nationwide network of 25 offices and numerous on-site client locations. FishNet Security partners with leading original equipment manufacturers such as Check Point, McAfee, RSA, and Secure Computing, among others, to deploy the most technically advanced applications for its customers. The company serves clients across a variety of industry verticals, including financial services, healthcare, communications, and federal and local governments, among others.
“Fishnet is already a market leader in helping businesses, government, educational institutions, and other organizations define the true risks of their environment and deploy the right solutions and technologies to ensure the continued success of day-to-day operations. With the investment and additional resources Lake Capital can provide, we will be able to accelerate our plan to bring additional value-added services to our existing clients, including new areas of expertise, new technologies, and broader deployment of complex solutions while continuing to expand our customer base,” noted Gary L. Fish, founder and Chief Executive Officer of FishNet Security.
A pioneer in the information security industry, Gary Fish built FishNet Security through both organic growth and acquisitions. Over the last three years, the company has outperformed the rapidly-growing industry, increasing revenue at a compound annual growth rate of 68%.
“We look forward to working with Gary and his team to continue to expand the company’s capabilities,” said Kevin Rowe, a Lake Capital principal. “FishNet thrives in the rapidly-growing information security solutions industry, driven by a client-focused approach and deep technical expertise. The market continues to grow, and we believe that the company is uniquely positioned to leverage its experience to continue to build a value-added provider of information security solutions with the broad capabilities and deep sector expertise that are so critical to the company’s clients.”
About Lake Capital
Lake Capital is a private equity firm that focuses on investments in service-based enterprises across various industries. The firm currently manages more than $1.3 billion in equity commitments and seeks to build leading services companies through organic and acquisition-enhanced growth. More information about Lake Capital is available at www.lakecapital.com.