Vector Capital has acquired majority ownership of WatchGuard Technologies in a deal that underscores the high value placed on cybersecurity MSPs.
“WatchGuard is positioned to take advantage of two major market forces – the rise of the MSP as the dominant and fastest growing source of cybersecurity, and the maturation of platform-based security offerings that enable clients to embrace SASE and XDR functionality,” said Vector Capital MD Sandy Gill.
“The company’s success and value is testament to the demand for MSP-delivered advanced security services."
The investment builds on an existing relationship between Vector Capital and WatchGuard and enables the security firm to build on capabilities across cloud transformation, secure access service edge (SASE), extended detection and response (XDR), managed detection and response (MDR) and innovation in security automation and simplification for MSPs.
WatchGuard Technologies CEO Prakash Panjwani added: “Vector Capital is familiar with the company, employees, partners and our vision."