PR94656

WASHINGTON, Feb. 23, 2022, /PRNewswire=KYODO JBN/ --

Liberty Strategic Capital, a private equity firm founded and led by former

Secretary of the Treasury Steven T. Mnuchin, today announced that it has

entered into a definitive agreement with BlueVoyant, LLC, an industry-leading

cyber defense platform, to invest a total of $125 million in the company and

lead BlueVoyant's Series D financing round of $250 million. This is Liberty

Strategic Capital's fourth investment since its founding and its third

investment in the cybersecurity industry, one of Liberty's primary focus areas.

BlueVoyant is a cybersecurity defense firm that operates four lines of

business: managed security services, providing 24x7 cyber threat detection and

response inside customer networks; third-party cyber risk defense, providing

supply chain and vendor network illumination; digital risk protection,

providing brand protection, threat intelligence and incident response; and

professional services, mission critical cybersecurity services. BlueVoyant's

platform and service provide a high degree of automation and customization,

supported by cybersecurity analysts with substantial experience at major global

cyber defense government organizations including the National Security Agency,

the Federal Bureau of Investigation, Unit 8200 of the Israel Defense Forces,

and the U.K.'s GCHQ, as well as private sector cybersecurity experts.  

The rapid emergence and increased severity and frequency of cyber threats

coupled with a prolonged shortage of cybersecurity talent have created a

significant gap in the ability to provide adequate defense of critical

infrastructure. Liberty believes BlueVoyant is well positioned to fill this gap

by providing a platform to merge best-in-class cybersecurity defense technology

into a managed services platform for customers. Furthermore, as new

cybersecurity threats emerge and defense technologies adapt, BlueVoyant is

positioned to remain agile in the face of a constantly shifting threat

landscape.  

Secretary Mnuchin, Founder and Managing Partner of Liberty Strategic Capital,

said: "As cyber threats increase, BlueVoyant has positioned itself as a

differentiated leader in managed detection and response, third-party cyber risk

management, digital risk protection, and cybersecurity professional services.

We're thrilled to partner with BlueVoyant and its top-tier management team as

they continue to drive growth in this critical and rapidly expanding market."

Jim Rosenthal, Co-Founder and CEO of BlueVoyant, said: "When we started

BlueVoyant, we knew that cybersecurity was quickly becoming one of the most

significant threats businesses and government agencies face, and something our

team was uniquely prepared to address. In just over four years, we have grown

to more than 560 employees and have earned the trust of more than 700

customers. The market demand we are seeing is tremendous and we see this trend

accelerating as security professionals pivot to our outcome-based cybersecurity

solutions."

Tom Glocer, Executive Chairman and Co-Founder of BlueVoyant, said: "As lead

director at two Fortune 100 companies, I see the growing demand for advanced

cybersecurity solutions. This demand will only grow over the coming years, and

BlueVoyant is uniquely equipped to meet both the internal and external needs of

organizations large and small."

In connection with Liberty's investment in BlueVoyant, Secretary Mnuchin will

join BlueVoyant's Board of Directors.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to

Liberty Strategic Capital.  

About BlueVoyant

At BlueVoyant, we recognize that effective cybersecurity requires active

prevention and defense across both your organization and supply chain. Our

proprietary data, analytics, and technology, coupled with deep expertise, work

as a force multiplier to secure your full ecosystem.

Accuracy. Actionability. Timeliness. Scalability.

Founded in 2017 by former Fortune 500 and former government cyber officials,

BlueVoyant is headquartered in New York City and has personnel in Washington,

D.C., Maryland, San Francisco, Israel, the Philippines, Canada, the U.K.,

Spain, Australia, Hungary, the Czech Republic, Romania, Slovakia, the

Netherlands, Belgium, Germany, Sweden, Denmark, El  Salvador, Colombia, Mexico,

and Panama.

About Liberty Strategic Capital

Liberty Strategic Capital is a Washington, D.C.-based private equity firm

focused on strategic investments in technology, financial services and fintech,

and new forms of content. The firm was founded in 2021 and is led by former

Secretary of the Treasury Steven T. Mnuchin. Liberty's portfolio includes

significant investments in the cybersecurity technology firms Cybereason and

Contrast Security, as well as an investment in the satellite technology firm

Satellogic.

The BlueVoyant investment will be Liberty Strategic Capital's fourth investment

since its founding earlier last year. As Secretary of the Treasury and a member

of the National Security Council, Secretary Mnuchin helped shape the U.S.

government's approach to cyber threats, including supervising the design of new

economic sanctions targeting Iranian, Russian, and North Korean cyber attackers

and transnational cyber criminals, and using sanctions authorities to combat

ransomware attacks. Secretary Mnuchin was also the U.S. government's lead

official responsible for cybersecurity across the financial services sector. In

that capacity, he worked directly with top U.S. regulators and chief executives

of the largest U.S. financial institutions on cybersecurity preparedness,

regulatory coordination, and incident response. In addition, Secretary Mnuchin

led the modernization of technology and data security within the Internal

Revenue Service to better protect the single largest collection of sensitive

personal financial data in the country.

Liberty Managing Director Michael D'Ambrosio, a former Assistant Director of

the United States Secret Service with deep experience in national security

issues, played a key role in this investment. Mr. D'Ambrosio will play a

leading role in Liberty's efforts to provide strategic assistance to BlueVoyant

by joining its strategic advisory board.

BlueVoyant Press Contact

Jennifer Schlesinger

T: +1 201.397.4976

E: jenny.schlesinger@bluevoyant.com

JOINT SOURCE: BlueVoyant and Liberty Strategic Capital