Cybera, Inc., a leader in cloud-based security and application services, today announced the company has closed a new round of funding led by Spring Capital Partners II, L.P. (“Spring Capital”). The company has also appointed Peter Rogers, former president and chief executive officer of Diners Club International, to the company’s board of directors. This new financial and human capital will enable Cybera to accelerate sales, marketing and development for the company’s flagship Cybera ONE® security and application services platform.
Spring Capital (www.springcap.com) is a leading investment firm that provides flexible capital for growing companies. In evaluating potential investments, Spring Capital looks for proven management teams with a significant equity stake, strong products and market positions, and both profitable and predictable financial performance. Commenting on this investment, Brian McDaid, vice president at Spring Capital, said, “With Cybera’s strong projected revenue growth rate and several years of bottom line growth, they fit very well with our investment philosophy.”
Peter Rogers has held senior positions at Fortune 500 organizations including Citigroup, PepsiCo and Proctor & Gamble. At Diners Club International, he directed business units in 90 countries with more than 10,000 employees. Diners Club is a premium brand serving the business and upper income travel and entertainment market, and has a leadership position in numerous countries. Prior to joining Diners Club, Rogers led marketing for Citigroup’s diverse business interests in Europe and the Middle East. He began his Citibank career as executive vice president of Citigroup’s payment products businesses, including Citigroup’s global traveler’s cheque business and retail foreign exchange services.
“Working in the payment card and financial services industries, I have a deep understanding of the challenges facing businesses as they struggle to protect customers’ personal information,” said Rogers. “Cybera eliminates the barriers that prevent organizations from deploying the security infrastructure required to protect data and maintain compliance. The proof is in the market acceptance of the Cybera ONE platform. I see enormous opportunities for the company moving forward.”
Cybera ONE has fundamentally redefined simplicity in delivering security and application services to multi-site businesses. The Cybera ONE platform delivers all of the cloud-based network security services needed for a remote business location in a single plug-and-play solution at a fixed annual service fee. This delivery model eliminates significant upfront capital investments and ongoing upgrade costs for onsite security infrastructure. The extensible Cybera ONE platform offers customers the ability to quickly and easily implement a variety of additional third party applications for security, compliance and onsite operations over time.
“This latest round of capital is a great validation of our financial performance over the past couple of years, and now gives us some new fuel for growth,” said Cliff Duffey, president and CEO of Cybera, Inc. “Peter Rogers is an experienced brand builder with knowledge of how to strategically position new products in highly competitive, complex markets. We are excited to have him join our Board, and assist us in expanding into new markets.”
Cybera Inc. is a leader in cloud-based security and application services for multi-location businesses. Cybera ONE is a cloud-based platform that provides the greatest flexibility in deploying security and application services to multi-site businesses at the lowest cost and risk. Cybera’s security solutions are deployed at more than 10,000 businesses throughout the United States across leading brands, including Shell Oil, Wendy’s, Blimpie, Cold Stone Creamery, O’Reilly Auto Parts and many others. By certifying applications on the Cybera ONE platform, partners are able to benefit from the ability to develop and deliver new services, reduce sales cycles, minimize integration and support costs, increase revenue and reduce risk. Cybera has been named to the Inc. 5000 for four consecutive years, the Deloitte Technology Fast 500 for two consecutive years. For more information visit www.cybera.net.