Golden Gate Cash to Receive Securly | Organization & Finance

SAN FRANCISCO & SAN JOSE, Calif.–(Small business WIRE)–Mar 17, 2021–

Golden Gate Funds, a foremost personal equity financial commitment firm, today introduced that it has entered into a definitive settlement to obtain Securly, the Silicon Valley-dependent university student basic safety pioneers, from the Company’s shareholders, which include Defy Associates, Owl Ventures and Securly Co-Founder Vinay Mahadik. Securly will continue on to be led by Co-Founder and Main Govt Officer Bharath Madhusudan. Economical phrases of the transaction were not disclosed.

Securly is an finish-to-conclusion pupil protection and product administration platform serving far more than 10 million learners globally throughout 2,500 K-12 faculty districts. Securly’s groundbreaking student basic safety technological innovation allows district and university administrators, educators and parents to retain small children safe and engaged, guiding them by an increasingly electronic globe. The Company’s signature cloud-based internet filter leverages the industry’s most refined AI engine in college student protection to establish signals of bullying, self-harm and violence throughout all devices. A staff of 24×7 college student protection professionals evaluate alerts to evaluate the comprehensive context of any flagged activity, and right away notify educational facilities, moms and dads or authorities as ideal. This early warning process has helped preserve about 1,200 student life considering that 2017.

“Now extra than at any time, Securly is squarely centered on trying to keep our youth harmless and engaged at faculty,” mentioned Mr. Madhusudan. “Our profits progress has quadrupled over the previous 3 yrs, and we continue on to see substantial unmet require in the edtech room. We are enthusiastic to companion with Golden Gate Money, which delivers deep working experience in training technological know-how and cybersecurity application, as we enter our next chapter of development. Wanting ahead, we continue being tirelessly committed to our mission although expanding our world footprint as we increase our present platform and build group-defining solutions to continue to keep students healthful and engaged.”

“The pandemic accelerated students’ use of engineering and own gadgets for college, demonstrating the value and benefit of Securly’s revolutionary system for mom and dad, educators, faculty leaders and IT directors,” reported Rishi Chandna, a Taking care of Director at Golden Gate Capital. “We be expecting these electronic requires and connectivity trends to continue on in educational facilities, and given that Securly has marketplace penetration in around 10% of U.S. public college districts, we believe that the Business has a sizeable opportunity, the two in the U.S. and internationally, to generate further more adoption of its award-profitable, value-effective solutions.”

Matthew Crump, a Principal at Golden Gate Capital explained, “Built by a deep and gifted team of moms and dads, educators and technologists, Securly pioneered the digital student basic safety movement in 2012 and continues to direct it. We admire Securly’s dedication to security and empathy, and seem forward to partnering with Bharath and his management crew to assistance the Corporation enter its subsequent chapter of expansion, carry on to speed up its items, and improve the Securly purchaser encounter.”

“Our complete team at Defy is proud to have partnered with Bharath and the Securly group as it grew from a cloud compliance software answer for educational facilities into a large reaching conclude-to-conclude university student safety and cellular unit administration system,” mentioned Neil Sequeira, Co-founder and Husband or wife at Defy Companions. “This transaction is a really effective outcome for our LPs and we want Securly all the ideal as it continues to develop and prosper beneath Golden Gate Money.”

“It’s been an honor to partner with the complete crew at Securly,” explained Amit A. Patel, Controlling Director at Owl Ventures. “We are very pleased of the ever more significant do the job they are accomplishing to hold thousands and thousands of young children throughout the globe safe from occasions of bullying, violence and self-harm, particularly as colleges close to the entire world are incorporating additional engineering into the education encounter.”

“Securly has been a unusual convergence of social affect and deep tech,” mentioned Mr. Mahadik. “I am psyched to see Securly’s eyesight play out even more robust beneath this partnership.”

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Kirkland & Ellis LLP and Nob Hill Law Group P.C. served as lawful advisors and Macquarie Cash (United states of america) Inc. served as financial advisor to Golden Gate Capital. DLA Piper LLP served as legal advisor and Oppenheimer & Co., Inc. served as monetary advisor to Securly.

Securly is the finish-to-finish student security and gadget management platform for K–12. Our 360 diploma approach retains students harmless, safe, and productive—everywhere, every single hour of the working day, on each individual device. Securly’s unified answers address the student digital working experience from all angles, with marketplace-main AI and cloud-dependent technologies. Securly delivers a ubiquitous encounter that aids college students discover, have interaction, investigate, expand, and stay securely. For more data, stop by http://www.securly.com.

About Golden Gate Money

Golden Gate Money is a San Francisco-centered non-public equity financial investment agency with above $17 billion of committed cash. The principals of Golden Gate Capital have a extended and profitable historical past of investing throughout a broad vary of industries and transaction sorts, which includes going-privates, company divestitures, and recapitalizations, as effectively as credit card debt and public equity investments. Noteworthy software and solutions investments sponsored by Golden Gate Money include Infor, BMC, Neustar, Ensemble Wellbeing Partners, LiveVox, Vector Answers, and 20-20 Systems. For a lot more facts, visit www.goldengatecap.com.

Founded in 2016, Defy is a Silicon Valley based mostly early stage enterprise cash firm. Defy was founded to devote in entrepreneurs and companies hunting to solve intricate challenges. Defy’s aim is to support early phase providers experienced and scale into corporations completely ready for advancement funds. The firm’s team has a lot more than 50 decades of enterprise practical experience, thriving working backgrounds and actively will help profitable entrepreneurs increase organizations from inception by way of exit. Link with Defy at https://defy.vc/ and @defyvc.

Owl Ventures is the largest undertaking capital fund in the world focused on the schooling technological know-how market with more than $1.2 billion in belongings below management. The Silicon Valley-based organization invests in the world’s primary instruction engineering firms across the education and learning spectrum encompassing PreK-12, increased schooling, and foreseeable future of operate (career mobility/ qualified mastering). Owl Ventures has deep domain knowledge and leverages a worldwide network of Restricted Companions, buyers, and strategic companions to support business people scale their corporations into transformative group-main corporations. Master much more at www.owlvc.com.

Jenny Gore/David Isaacs/Chloe Clifford

Amit Patel, Managing Director

Keyword: UNITED STATES NORTH The us CALIFORNIA

Business Search phrase: BANKING Application Cell/Wireless Qualified Solutions Web Data Administration Technologies OTHER Education and learning Primary/SECONDARY Security Schooling FINANCE OTHER Know-how

Resource: Golden Gate Money

Copyright Enterprise Wire 2021.

PUB: 03/17/2021 01:30 PM/DISC: 03/17/2021 01:30 PM

Copyright Business enterprise Wire 2021.