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- Fidelis Cybersecurity
Fidelis Cybersecurity Acquisition, Valuation, Funding & Investors
Fidelis Cybersecurity was acquired by Skyview Capital in January 2020.
Fidelis Cybersecurity acquisition price
Undisclosed
Acquired by Skyview Capital · Jan 2020
Cumulative funding Fidelis Cybersecurity raised
$25M
across 1 funding round
Key investors in Fidelis Cybersecurity
Marlin Equity Partners
About Fidelis Cybersecurity
Fidelis Cybersecurity is a Bethesda, Maryland-headquartered leader in automated detection and response platforms including the Fidelis Elevate suite for network visibility, deception technology, alert validation, and endpoint protection. The solutions safeguard sensitive data for global enterprises and government entities. Fidelis integrates across networks and endpoints to counter advanced threats. Founded in 2002, it serves prominent brands in cybersecurity defense.
Founded
2002
HQ
Website
Status
Acquired
Customer focus
B2B & B2G
Revenue model
Subscription
Fidelis Cybersecurity Acquisition
Fidelis Cybersecurity was acquired by Skyview Capital for an undisclosed price on 16 January 2020.
Before the acquisition Fidelis Cybersecurity had raised $25M across 1 funding round.
Fidelis Cybersecurity, based in Bethesda, Maryland, is a leading provider of threat detection, hunting, and response solutions serving large corporations and government entities. The company operates in the managed detection and response (MDR) space, offering network traffic analysis, digital forensics, incident response, and a 24/7 MDR service that augments existing security operations and threat hunting capabilities. Fidelis had over 250 employees at the time of acquisition and operated across US Commercial, US Military Services, Federal Agencies, and Eastern Europe markets. Skyview Capital, a Los Angeles-based global private investment firm specializing in technology, telecommunications, business services, and manufacturing, acquired Fidelis from a consortium of investors in a stock transaction on January 15-16, 2020. The transaction was structured to tap into a $25 billion total addressable market in the cybersecurity sector. Most recently, Fidelis had announced 34 new accounts and over $30 million in sales in its second half fiscal year-end, fueled by its Active XDR platform. Skyview stated its intention to pursue organic growth and strategic acquisitions to further boost the cybersecurity business. The private equity firm saw an opportunity to build upon Fidelis' technology and solidify its position within the IT security industry. Financial terms of the deal were not disclosed.
| Acquirer | Date | Type |
|---|---|---|
| 16 Jan 2020 | PE buyout |
Fidelis Cybersecurity Funding History
Fidelis Cybersecurity has raised a total of $25M across 1 funding round.
Fidelis Cybersecurity funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Sep 2018 | Undisclosed stage | Marlin Equity Partners (lead) | $25M |
Who has invested in Fidelis Cybersecurity?
1 investor has backed Fidelis Cybersecurity across its funding rounds, including Marlin Equity Partners.
Lead investors include Marlin Equity Partners.
Fidelis Cybersecurity Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Fidelis Cybersecurity investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Fidelis Cybersecurity
Fidelis Cybersecurity has acquired 3 companies to date.
Last acquisition by Fidelis Cybersecurity was on May 14th 2021. Fidelis Cybersecurity acquired CloudPassage for $12M.
Latest Acquisitions by Fidelis Cybersecurity
| Description | CloudPassage is a San Francisco-headquartered provider of the Halo security platform for servers across data centers, private clouds, and public clouds. Halo delivers instant visibility, continuous protection, and on-demand scaling with minimal resource use for workloads including servers, instances, and containers. Enterprises such as Citrix, Salesforce, and Adobe rely on CloudPassage to strengthen security, compliance, and business agility. The company receives backing from investors including Benchmark Capital and Lightspeed Venture Partners. | TopSpin Security is a cybersecurity firm founded in 2012 in Israel that develops deception-based technologies to counter advanced persistent threats designed for specific organizations. Its platform detects focused attacks involving remote command and control systems aimed at stealing intellectual property, business plans, and customer data. Unlike traditional firewalls, intrusion detection systems, and antiviruses, TopSpin's solutions minimize false positives and deliver prioritized alerts to administrators for rapid response. The company addresses threats that evade conventional defenses and persist undetected for months across global enterprises. | - |
| HQ Country | |||
| HQ City | San Francisco, CA | Herzliya | San Francisco, CA |
| Deal Date | 14 May 2021 | 19 Oct 2017 | 14 May 2015 |
| Valuation | $12M | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Fidelis Cybersecurity acquisitions and their M&A valuation multiples. Start Free Trial | |||
Fidelis Cybersecurity Competitors
Fidelis Cybersecurity competitors include listed companies like GB Group and NSFOCUS, and private ones like Defense Unicorns, Malwarebytes, Shift5 and Aikido Security.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | $100M | - | $625M | 6.3x | ||
| Private | - | - | $591M | - | ||
| Publicly listed | $383M | ($45M) | $489M | 1.6x | ||
| Private | $13M | - | $1B | 76.9x | ||
| Publicly listed | $379M | $37M | $955M | 2.4x |
Fidelis Cybersecurity Public Comps
Fidelis Cybersecurity is no longer listed, but its public comps include NSFOCUS, BeiJing Certificate, Yubico, Rapid7, Riskified, Asiainfo Security, Mitek Systems, Eastcompeace Tech, Red Violet and CANCOM.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $226M | $19M | 3.3x | 3.2x | 39.7x | 25.6x | |||
| $860M | $63M | 1.3x | 1.3x | 17.4x | 6.8x | |||
| $345M | ($31M) | 1.8x | 1.6x | (20.3x) | 19.0x | |||
| $1.2B | ($11M) | 1.2x | 1.1x | (126.2x) | 339.7x | |||
| $180M | $37M | 4.1x | 3.7x | 19.9x | 11.2x | |||
| $197M | $26M | 4.8x | - | 36.4x | - | |||
This data is available for Pro users. Sign up to see all Fidelis Cybersecurity competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Fidelis Cybersecurity
| When was Fidelis Cybersecurity founded? | Fidelis Cybersecurity was founded in 2002. |
| Where is Fidelis Cybersecurity headquartered? | Fidelis Cybersecurity is headquartered in Washington, DC, United States. |
| Is Fidelis Cybersecurity publicly listed? | No, Fidelis Cybersecurity was acquired by Skyview Capital in January 2020. |
| Who acquired Fidelis Cybersecurity? | Fidelis Cybersecurity was acquired by Skyview Capital in January 2020. |
| How much funding has Fidelis Cybersecurity raised? | Fidelis Cybersecurity has raised $25M across 1 funding round. |
| What was Fidelis Cybersecurity's last funding round? | Fidelis Cybersecurity's last funding round was a $25M undisclosed-stage round in September 2018, led by Marlin Equity Partners. |
| Who are Fidelis Cybersecurity's investors? | Fidelis Cybersecurity's investors include Marlin Equity Partners. |
| Which companies are comparable to Fidelis Cybersecurity? | Companies comparable to Fidelis Cybersecurity include Defense Unicorns, Malwarebytes, Shift5, GB Group, Aikido Security and NSFOCUS. |
| How many companies has Fidelis Cybersecurity acquired? | Fidelis Cybersecurity has acquired 3 companies, including CloudPassage, TopSpin Security and Resolution1 Security. |
| What was the largest acquisition by Fidelis Cybersecurity? | The $12M acquisition of CloudPassage in May 2021 is the largest acquisition Fidelis Cybersecurity has made to date. |
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