PSG, a growth equity firm partnering with software and technology-enabled services firms, has made a strategic growth investment in Qmulos, a cybersecurity software, and professional services firm.
Qmulos provides its services to drive the converged continuous compliance revolution in enterprise security, compliance, and risk management automation. The firm makes use of full-cycle, data-centric compliance automation to enable programs that transform inefficient and ineffective legacy processes into streamlined risk management programs.
“Today’s challenging risk landscape and regulatory environment underscores the clear need for innovation in security and compliance,” said Rick Essex, managing director at PSG. “We believe that Qmulos’ ability to monitor controls in an automated and continuous manner ultimately creates a more secure environment while creating significant operational efficiencies for its customers. We’re thrilled to partner with Matt and the rest of Qmulos’ talented team as they continue to address the significant opportunity to shape the future of risk management.”
AGC Partners served as financial advisor to Qmulos, and Foley and Lardner LLP served as legal advisor to the company, with additional support from Badger CPA and Aronson LLC. Latham & Watkins served as legal advisor to PSG and Ernst & Young served as the firm’s financial advisor.