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

Golden Gate Money, a leading personal equity expense agency, today announced that it has entered into a definitive agreement to get Securly, the Silicon Valley-based mostly college student security pioneers, from the Company’s shareholders, which include Defy Associates, Owl Ventures and Securly Co-Founder Vinay Mahadik. Securly will carry on to be led by Co-Founder and Main Executive Officer Bharath Madhusudan. Economic phrases of the transaction were not disclosed.

Securly is an end-to-stop university student security and machine management platform serving much more than 10 million students globally across 2,500 K-12 school districts. Securly’s revolutionary scholar protection know-how enables district and school directors, educators and mother and father to retain youngsters secure and engaged, guiding them by an increasingly electronic entire world. The Company’s signature cloud-based mostly world-wide-web filter leverages the industry’s most refined AI engine in scholar security to detect signs of bullying, self-damage and violence throughout all equipment. A staff of 24×7 student safety industry experts assessment alerts to examine the whole context of any flagged exercise, and instantly notify universities, mother and father or authorities as appropriate. This early warning program has served save about 1,200 university student lives given that 2017.

“Now additional than ever, Securly is squarely focused on trying to keep our youth safe and sound and engaged at college,” reported Mr. Madhusudan. “Our income growth has quadrupled more than the previous 3 many years, and we go on to see significant unmet want in the edtech room. We are psyched to lover with Golden Gate Capital, which delivers deep encounter in schooling technological know-how and cybersecurity program, as we enter our upcoming chapter of development. Seeking in advance, we keep on being tirelessly fully commited to our mission when expanding our global footprint as we increase our present system and create group-defining options to keep learners balanced and engaged.”

“The pandemic accelerated students’ use of know-how and particular gadgets for faculty, demonstrating the value and worth of Securly’s pioneering system for mother and father, educators, college leaders and IT administrators,” mentioned Rishi Chandna, a Controlling Director at Golden Gate Funds. “We hope these electronic needs and connectivity traits to keep on in colleges, and given that Securly has market place penetration in about 10% of U.S. general public faculty districts, we believe that the Firm has a sizeable opportunity, both equally in the U.S. and internationally, to generate even further adoption of its award-profitable, price-efficient answers.”

Matthew Crump, a Principal at Golden Gate Cash mentioned, “Built by a deep and proficient crew of parents, educators and technologists, Securly pioneered the electronic pupil security motion in 2012 and carries on to guide it. We admire Securly’s determination to safety and empathy, and seem ahead to partnering with Bharath and his management staff to assist the Firm enter its up coming chapter of growth, continue to accelerate its solutions, and improve the Securly buyer expertise.”

“Our complete staff at Defy is proud to have partnered with Bharath and the Securly group as it grew from a cloud compliance application answer for faculties into a broad achieving conclusion-to-close student safety and cellular product management system,” said Neil Sequeira, Co-founder and Spouse at Defy Companions. “This transaction is a hugely successful final result for our LPs and we wish Securly all the greatest as it proceeds to increase and flourish underneath Golden Gate Cash.”

“It’s been an honor to partner with the total group at Securly,” reported Amit A. Patel, Handling Director at Owl Ventures. “We are happy of the increasingly important operate they are doing to retain hundreds of thousands of youngsters throughout the entire world protected from scenarios of bullying, violence and self-harm, primarily as educational facilities all around the earth are incorporating more technology into the instruction encounter.”

“Securly has been a scarce convergence of social influence and deep tech,” reported Mr. Mahadik. “I am fired up to see Securly’s eyesight engage in out even more powerful beneath this partnership.”

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Kirkland & Ellis LLP and Nob Hill Regulation Team P.C. served as lawful advisors and Macquarie Cash (Usa) Inc. served as fiscal advisor to Golden Gate Funds. DLA Piper LLP served as legal advisor and Oppenheimer & Co., Inc. served as financial advisor to Securly.

Securly is the stop-to-conclusion student safety and unit administration system for K–12. Our 360 degree tactic keeps students protected, protected, and productive—everywhere, each individual hour of the day, on each individual system. Securly’s unified solutions tackle the college student digital practical experience from all angles, with sector-foremost AI and cloud-centered systems. Securly provides a ubiquitous encounter that helps college students master, interact, take a look at, increase, and stay securely. For far more information and facts, take a look at http://www.securly.com.

About Golden Gate Cash

Golden Gate Capital is a San Francisco-dependent private equity investment organization with over $17 billion of committed money. The principals of Golden Gate Capital have a extensive and thriving record of investing across a extensive range of industries and transaction sorts, which includes heading-privates, corporate divestitures, and recapitalizations, as effectively as credit card debt and public equity investments. Notable application and products and services investments sponsored by Golden Gate Money involve Infor, BMC, Neustar, Ensemble Health Partners, LiveVox, Vector Methods, and 20-20 Systems. For far more data, pay a visit to www.goldengatecap.com.

Launched in 2016, Defy is a Silicon Valley dependent early phase undertaking capital agency. Defy was launched to commit in entrepreneurs and firms searching to solve complex issues. Defy’s aim is to assistance early phase firms experienced and scale into providers completely ready for growth cash. The firm’s staff has a lot more than 50 many years of enterprise working experience, successful operating backgrounds and actively can help productive business people improve businesses from inception as a result of exit. Connect with Defy at https://defy.vc/ and @defyvc.

Owl Ventures is the major venture cash fund in the entire world targeted on the training know-how market place with around $1.2 billion in assets underneath administration. The Silicon Valley-based mostly company invests in the world’s major education engineering organizations throughout the education spectrum encompassing PreK-12, larger instruction, and upcoming of work (occupation mobility/ skilled understanding). Owl Ventures has deep domain experience and leverages a international network of Constrained Partners, buyers, and strategic associates to support entrepreneurs scale their enterprises into transformative group-primary corporations. Study a lot more at www.owlvc.com.

Jenny Gore/David Isaacs/Chloe Clifford

Amit Patel, Handling Director

Keyword: UNITED STATES NORTH The us CALIFORNIA

Industry Keyword: BANKING Application Cellular/Wireless Specialist Companies World wide web Facts Administration Know-how OTHER Training Primary/SECONDARY Protection Education FINANCE OTHER Know-how

Source: Golden Gate Money

Copyright Company Wire 2021.

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

Copyright Business enterprise Wire 2021.