Apptega Raises $700K Round to Create “the Salesforce.com for Cybersecurity”
Industry: Computer Software/Services
Businesses Can Build, Manage and Report Their Cybersecurity Program in One Simple Platform
Atlanta, GA (PRUnderground) September 26th, 2018
Apptega, a global cybersecurity management software company, is announcing today it has raised a $700,000 round of capital led by Circadian Group to fund Apptega’s continued growth and expansion. Additional investors include TiE Atlanta Angels, Ascent Capital, Triton Claims Management LLC, and family offices. The Apptega platform helps businesses easily manage and report their cybersecurity programs, replacing the use of inefficient Excel spreadsheets that most businesses use today. The new capital will be used to double the company’s workforce and launch new features in its platform.
“Companies of all sizes are scrambling to keep track of massive amounts of cybersecurity data to keep their organizations safe and to comply with complex regulatory requirements such as PCI, HIPAA, SOC2 and GDPR,” says Armistead Whitney, CEO. “With Apptega, the entire organization has one collaborative platform to manage, track and report their cybersecurity. Our new round of capital accelerates our vision to disrupt the $200 Billion cybersecurity industry that’s still using Excel spreadsheets to manage and track their security programs.”
“Apptega’s immediate customer traction is impressive and shows the enormous demand companies have for managing their cybersecurity programs,” says Mike Dowdle, Managing Partner of Circadian Group. “The experience of Apptega’s management team operating in the hyper-growth cybersecurity field makes this a very attractive investment.”
“Cybersecurity and compliance is an ongoing program and Apptega organizes our entire program in one place saving hundreds of hours of time while giving us unprecedented visibility and control. It’s the Salesforce.com for cybersecurity”, says Jackson Wilson, CTO of Storage Post.
Within the platform, companies can select a cybersecurity “playbook” to follow such as PCI, HIPAA, SOC2, NIST, GDPR, and ISO or build their own custom security program based on their industry, size and budget. Apptega then guides users to manage their program with real-time compliance scoring, project lifecycle, task management, calendaring and alerts. Program data is processed and viewed in multiple dashboards and one-click reports for Board meetings, audits and executive briefings.
“Our customers span every industry – from retail, law firms, and healthcare to real estate, manufacturing and technology,” says Whitney. “We’re excited to attract a blue-chip group of investors to help make cybersecurity easier for companies around the world.”
About Apptega, Inc.
As cyber-threats and regulatory mandates continue to expand; organizations are challenged by the difficulties of implementing effective cybersecurity and compliance programs. With Apptega, organizations of all sizes, including Fortune 500 enterprises and Managed Security Service Providers (MSSPs), are meeting the challenges of cybersecurity and compliance. Apptega is at the intersection of simple user experiences and patent-pending technology, providing an innovative platform paired with industry frameworks used to build, manage and report great cybersecurity. For more information, visit apptega.com.