Grip Security & The Syndicate Group (TSG) Announce Strategic Investment
March 2023 by Marc Jacob
Security announced a strategic investment from
The Syndicate Group
(TSG), a leading venture firm that helps startups scale faster with revenue growth and new customer acquisition by organizing exclusive investment access for their strategic go-to-market ecosystem. The investment helps Grip Security accelerate its channel-led
growth strategy and has already spurred partner interest and sales pipelines that have exceeded expectations, setting the company up to overachieve its financial goals. TSG has a demonstrated history of investing in disruptive, category-creating companies
and helping them accelerate revenue growth.
Driven largely by growth in the channel, Grip Security expects to triple its bookings from the previous fiscal year. The
Grip SaaS Security Control
Plane (SSCP) solution is ideal for channel partners who want an easy-to-deploy solution that can generate both license and service revenue. Most large enterprises have digital transformation
initiatives that are increasing the use of SaaS and cloud services. Users are also taking advantage of the benefits of SaaS and acquiring their own applications that are not governed by central IT. This reality has created an environment where the security
value of traditional architectures is no longer sufficient. By taking an
approach, Grip creates an identity
fabric that provides a consistent, continuous and context-aware security posture that supports the agility modern enterprises need today. With Grip, companies can embrace cloud
services, SaaS and digital supply chains safely and securely.
TSG is introducing Grip Security to its ecosystem of more than 450 leading channel partner companies and more than 7,500 TSG members to accelerate the company’s growth strategy. The introduction has received
enormous partnering activity and investment interest as many of its members are investors in the TSG funds. Startups introduced to the network are able to accelerate their go-to-market efforts by connecting with relevant channel partners and investors, and
by capturing mindshare and focus all the way through exit. TSG channel partner companies and members benefit by staying ahead of emerging tech trends, gaining early access to great resale relationships and sharing in the value-growth upside of the greatest
enterprise tech companies through private, pre-IPO investments.