In light of the rapidly evolving mobile threat landscape, this partnership expands access to the most comprehensive security for mobile apps
Verdane , the European growth investment firm, has entered into a partnership with Guardsquare , a leader in mobile app security. This partnership follows a previous investment from Battery Ventures and is aimed at addressing the growing threats to mobile app security by expanding access to Guardsquare’s critical mobile app security for global enterprises of all sizes. It also combines Guardsquare’s deep technical expertise with Verdane’s growth strategy through M&A and continued organic growth.
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Mobile apps are increasingly becoming the primary way users interact with businesses. Yet, mobile app security needs have historically lagged, especially as malicious actors unleash threats increasingly target mobile apps. Verdane’s investment enables Guardsquare to expand its reach by offering the most comprehensive approach to mobile app security on the market, easily delivering the highest level of protection. Earlier this year, Cyber Defense Magazine recognized Guardsquare as a leader in Mobile App Security, awarding the company its prestigious Mobile App Security Award .
“I am excited to enter into this new partnership with Verdane, which marks an inspiring and well-aligned progression toward our long-term vision. Their expertise will bring us many benefits as we take Guardsquare to the next level, significantly expanding our market share and expanding our global footprint through organic growth, continuous product enhancements and M&A,” said Roel Caers , CEO of Guardsquare. “We are grateful for the support Battery Ventures has provided over the years, helping us become the market leader in mobile app protection. Their guidance has enabled us to scale our business globally and attract top talent, especially in the U.S.”
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“Guardsquare’s industry-leading mobile app protection is a critical cybersecurity service, and we are excited to work with Roel and the entire Guardsquare team to bring this to even more enterprises around the world. The company’s growth from a European to an international leader has been impressive to watch, and we look forward to supporting the company on its journey,” said Morten Weicher , Partner at Verdane.
“It has been a privilege to work with the Guardsquare team and support the company’s growth trajectory. As Guardsquare has scaled its operations, it has consistently demonstrated its commitment to innovation and leadership in mobile app security,” said Dharmesh Thakker, Partner at Battery Ventures. “We are confident that this new partnership with Verdane will open up significant new growth opportunities and enable Guardsquare to continue to help set the standard for mobile app security globally.”
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Source: businesswire
