World News: 12:00 GMT Tuesday 14th January 2020. [Tetra Defense via Businesswire via SPi World News]
Gillware Digital Forensics, Madison-based cyber incident response and proactive cybersecurity consulting firm, announces its rebrand to Tetra Defense and the close of a $3 million series A investment round. The rebrand and investment announcements follow a significant year of growth in 2019 and serve as the precursor for continued growth in 2020.
Mendota Venture Capital LLC led the funding round with participation from several investors. The investment is the first funding round by Tetra Defense since launching in 2016. The $3 million raised will help the company aggressively expand its team, sales and marketing efforts, as well as broaden and enhance product and service development. Nick Jackson, Principal at Mendota Venture Capital LLC, and Mike Victorson, President and CEO of M3 Insurance, will join the Tetra Defense Board of Directors.
“As cyberattacks and other incidents impact more organizations than ever before, Tetra Defense’s funding round and rebrand are well-timed to match the rapidly growing demand for cyber incident response and proactive information security services,” said Nick Jackson, Principal with Mendota Venture Capital LLC. “Tetra Defense is an exceptional provider of these services. We are thrilled to collaborate with and support them as they expand and continue to build an impressive organization in a growing industry.”
Tetra Defense, formerly Gillware Digital Forensics, helps organizations respond to and recover from cyber incidents like ransomware attacks, business email compromise and data breaches. Many victim businesses are brought to a grinding halt and cannot fully operate. Tetra Defense is one of the only incident response firms to assist with and prioritize restoration of operations to limit downtime. Additionally, Tetra Defense helps organizations develop effective information security programs and defenses to lessen the risk of a cyber incident with services including IT risk assessments, penetration testing, email phishing training, incident response plan testing and more.
“Businesses of all sizes are increasingly finding themselves at war with cyber criminals around the globe,” said Scott Holewinski, CEO. “This investment gives us the resources we need to build new and innovative tools and services to help our clients respond and defend against future cyber threats.”
About Tetra Defense
Tetra Defense, formerly Gillware Digital Forensics, is an incident response, cyber risk management, and digital forensics firm helping clients recover and restore from incidents like ransomware, business email compromise and wire transfer fraud. Services range from in-depth forensics investigations of intellectual property theft to the assessment and development of corporate information security programs. With offices in Madison and Milwaukee, the top-priority objectives for the Tetra Defense team are to help organizations get back on their feet after an incident and guide them through the process of building a more secure environment to lessen the risk of incidents in the first place. Tetra frequently works with insurance carriers and some of the nation’s largest and most respected privacy law firms to navigate cyber liability insurance claims and also works directly with businesses large and small to reduce their cyber risk.
Business Wire: 12:00 GMT Tuesday 14th January 2020
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