SecureLink Announces Strategic Investment From Cove Hill Partners
SecureLink, the leader in vendor privileged access management, announced that it will receive a strategic investment from Cove Hill Partners to propel the company into its next phase of growth. Upon closing, Cove Hill will become SecureLink’s majority owners, with Vista Equity Partners maintaining a minority stake in the company.
“In today’s digital economy, data and network security is a primary concern for every organization across all sec`tors. Our VPAM solutions are an essential part of our customers’ security infrastructure, and we have tremendous opportunity to further expand our presence in the market,” said Joe Devine, CEO of SecureLink. “We are thrilled to welcome Cove Hill and to continue working with the Vista team as we look to accelerate our growth and further advance product innovation. This investment is a recognition of our entire team’s fierce dedication to providing valuable solutions and services that keep our customers’ networks secure.”
The investment from Cove Hill will position SecureLink to continue its rapid growth trajectory and leadership in the third-party remote access space. Since 2017, when SecureLink first partnered with Vista, the company has nearly tripled its revenue, earning it a place on the Inc. 5000 list of the U.S.’s fastest-growing privately-owned companies three years in a row. During that same period, SecureLink has maintained its strong culture, recently being recognized with a Glassdoor Employees’ Choice Award.
“Cove Hill is excited to partner with the SecureLink management team and Vista for the next phase of growth. SecureLink’s cutting edge VPAM solutions already enable thousands of companies to facilitate mission-critical work with vendor partners while safeguarding data and network security, the combination of which are critical in the modern digital economy,” said Justin Roberts, Co-Founder, and Partner at Cove Hill. “We believe our investment will allow SecureLink to deliver continued product innovation and world-class service to its customer base while fueling significant future growth.”
“We originally invested in SecureLink because we recognized the value of its products, believed in the mission of its founders and leadership team, and saw an opportunity to expand the company’s position in the market,” said Rene Yang Stewart, Co-Head of Vista’s Endeavor strategy, focused on scaling high- growth enterprise software companies. “We look forward to partnering with SecureLink and Cove Hill during this next phase of growth.”
Raymond James served as financial advisor and Kirkland & Ellis LLP served as legal advisor to SecureLink and Vista Equity Partners. Shea & Company and Choate, Hall & Stewart LLP acted as financial and legal advisors respectively to Cove Hill Partners.