Cybersecurity Company Keeper Security Secures Investment From Summit Partners

Keeper Security has announced that Summit Partners, a global growth equity firm, has completed a significant minority investment in the cybersecurity software provider. This investment will accelerate Keeper Security’s growth and solidify the Company’s position as a leader in enterprise passreplace management, secrets management, privileged connection management, and privileged access management. Summit Partners Managing Director, Len Ferrington, who has years of experience investing in cybersecurity, will join Keeper Security’s board of directors. This partnership will bring expanded perspective and support to Keeper’s exceptional team as they continue to create and deliver industry-leading technology and innovation.

## Keeper Security’s Growth and Expansion

Keeper Security has seen strong growth and expanded its operations globally since raising its last round of funding in August 2020. The Company has added several hundred new employees, acquired remote network access provider Glyptodon, expanded its industry certifications, opened new data centers, and expanded its partner ecosystem across regions. Keeper doubled its revenue while maintaining strong gross margins and marked its strongest quarter on record in Q1 2023.

## Solutions Offered by Keeper Security

Keeper Security is a robust cybersecurity platform that fulfills critical unmet needs of the rapidly growing identity and access management market. The company’s solutions include a full suite of award-winning consumer and business offerings in password, secrets, and privileged connection management. It also has differentiators that include dark web monitoring, secure file storage, single-sign-on integration, compliance reporting, and detailed event logging. The Company services organizations of all sizes, from small home offices to multinational enterprises and the largest public sector organizations.

## KeeperPAM

The latest offering from Keeper Security, KeeperPAM™, is a next-generation Privileged Access Management (PAM) solution disrupting the traditional PAM market. KeeperPAM delivers enterprise-grade password, secrets, and privileged connection management within a unified SaaS platform that is cost-effective, easy-to-use, and simple-to-deploy. KeeperPAM enables least-privilege access with zero-trust and zero-knowledge security. The patented cybersecurity solution is designed to enable complete visibility, security, control, and reporting across every privileged user on every device within an organization.

## Certifications and Compliance

Keeper is committed to maintaining the highest standards of security through continuous testing and auditing. The Company holds the longest standing SOC 2 and ISO 27001 certifications in the industry. Keeper is GDPR compliant and CCPA compliant, PCI DSS certified, FedRAMP, and StateRAMP Authorized and certified by TrustArc for online privacy.

## Conclusion

Summit Partners’ investment in Keeper Security underscores cybersecurity‘s importance to people and organizations globally. Keeper Security’s continued growth and commitment to its customers’ cybersecurity needs and its cutting-edge technology and innovation have positioned the Company as a leader in the industry. Keeper’s solutions are built on a foundation of zero-trust and zero-knowledge security to protect every user on every device. The strategic investment by Summit Partners will elevate Keeper Security even further and expand its ability to provide best-in-class cybersecurity solutions to organizations worldwide.

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