Crosspoint Capital Partners today announced that it has assembled a highly differentiated team of leading operators, investors and technologists to offer investment access to the cybersecurity and privacy sectors. The cybersecurity and privacy sectors represent a large and growing market opportunity, and cyberattacks must be defended against across all economic cycles.
Greg Clark, Managing Partner at Crosspoint Capital Partners and former CEO of cybersecurity giant Symantec said: “Security and privacy are global issues across all verticals and geographies. This significant category of technology is resistant to financial downturn and the associated risk is top of mind for CEOs and Boards of Directors across the globe. Similar to cyber threat, privacy is a major concern for governments, enterprises and consumers. Crosspoint Capital provides investment exposure to this large and growing market.”
Among the Managing Partners at Crosspoint Capital is Steve Luczo, former longtime CEO of Seagate Technology and current member of the Board of Directors of Seagate Technology, AT&T, Morgan Stanley and Lucille Packard Children’s Hospital. “In today’s low interest rate and high capital availability environment, debt reduction alone can no longer deliver outsized private equity returns. Profitable growth of buyouts is necessary to achieve alpha. We believe that operational experience and domain expertise combined with investing discipline wins.” Luczo said.
Crosspoint Capital brings a deep bench of operational and cybersecurity expertise to private equity investing including Dr. Hugh Thompson, former CTO of Symantec and Bluecoat. For over a decade, Thompson has served as Program Committee Chairman of RSA Conference, the world’s largest cybersecurity gathering. “The Crosspoint Capital team has visibility across all areas of cybersecurity. Our cybersecurity and privacy focus uniquely positions us to identify trends and locate adjacencies for our portfolio companies.” Thompson said.
John Mumford, also a Managing Partner at Crosspoint Capital Partners, is a highly successful technology investor. “Over my 40+ year career in investing, the ability to predict future trends and emerging needs was key. It is clear to me that cybersecurity and privacy will create great opportunities, and we look forward to bringing investment discipline and industry-specific operational excellence to bear on behalf of our investors.”
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments or other services and may not be used or relied upon in connection with any offer or sale of any such securities, financial instruments, investments or other services. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity, and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor.
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