The Washington Post

The Download: Dulles-based Cigital secures $50M from private equity firm LLR Partners

Dulles-based software security firm Cigital shoveled $50 million into its coffers last week from private equity shop LLR Partners, money the company plans to use to reach a larger portion of its current markets and expand into new ones.

Under chairman and chief executive John Wyatt, Cigital provides consulting, training and software products to companies seeking to build secure software.

The company got its start in 1992 with contracts from the Defense Department and NASA. Today, Cigital’s clients consist primarily of financial services, health care, insurance, technology and telecommunications companies.

In a release, the company said its offerings “go beyond identification of security issues and offer effective remediation solutions.”

LLR Partners recently opened an Arlington office as it expands a security, defense and government investment practice focused in part on I.T. security, according to a news release.

Introhive adds investor

District-based IntroHive said last week it has received an investment from customer management software firm The terms of the deal were not disclosed.

IntroHive’s software searches through an employee’s business contacts to identify potential sales prospects for their company.

“Our customers are seeing great value from the platform. This investment will help us get it in front of more like-minded companies sooner,” co-founder and chief executive Jody Glidden said in a news release.

The company’s prior investors include Build Ventures, CIT GAP Funds, Fortify Ventures, Growthworks Atlantic and the New Brunswick Innovation Foundation.

General partner for Mach37

Robert J. Stratton III will serve as general partner of the Center for Innovative Technology’s recently created Mach37 Cybersecurity Accelerator, the organization announced last week.

Young cybersecurity companies apply to take part in the accelerator’s 90-day program, which includes access to mentors who help the firms hone their technology, interact with customers and find capital.

Stratton previously worked at Polymathics, a start-up advisory and strategy firm. His resume also includes roles at Symantec Research Lab, In-Q-Tel and UUNet.

He will join managing partner Rick Gordon, the former vice president of product management at KEYW, and general partner Dan Woolley, Dell’s former s executive director of strategic global alliances.

Steven Overly is a national reporter covering federal technology and energy policy with a focus on Capitol Hill. He previously covered the business of technology, biotechnology and venture capital.



Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Show Comments
Most Read



Success! Check your inbox for details.

See all newsletters

Your Three. Videos curated for you.
Play Videos
Deaf banjo player teaches thousands
Unconventional warfare with a side of ale
It's in the details: Five ways to enhance your kitchen makeover
Play Videos
Drawing as an act of defiance
A fighter pilot helmet with 360 degrees of sky
Border collies: A 'mouse trap' for geese on the National Mall
Play Videos
Bao: The signature dish of San Francisco
This man's job is binge-watching for Netflix
What you need to know about Planned Parenthood
Play Videos
How to save and spend money at college
Pandas, from birth to milk to mom
Europe's migrant crisis, explained

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.