{"id":2543471,"date":"2023-05-26T09:20:31","date_gmt":"2023-05-26T13:20:31","guid":{"rendered":"https:\/\/platoai.gbaglobal.org\/platowire\/cybersecurity-providers-acquired-by-crosspoint-and-enlightenment-while-crestview-ventures-into-the-film-industry-a-pe-hub-report\/"},"modified":"2023-05-26T09:20:31","modified_gmt":"2023-05-26T13:20:31","slug":"cybersecurity-providers-acquired-by-crosspoint-and-enlightenment-while-crestview-ventures-into-the-film-industry-a-pe-hub-report","status":"publish","type":"platowire","link":"https:\/\/platoai.gbaglobal.org\/platowire\/cybersecurity-providers-acquired-by-crosspoint-and-enlightenment-while-crestview-ventures-into-the-film-industry-a-pe-hub-report\/","title":{"rendered":"Cybersecurity Providers Acquired by Crosspoint and Enlightenment, while Crestview Ventures into the Film Industry – A PE Hub Report"},"content":{"rendered":"

In recent news, private equity firms Crosspoint and Enlightenment have made significant acquisitions in the cybersecurity industry, while Crestview Partners has ventured into the film industry. These moves highlight the growing importance of cybersecurity and the diversification of private equity investments.<\/p>\n

Crosspoint, a technology-focused private equity firm, has acquired a majority stake in SecureLink, a leading provider of third-party remote access and support solutions. This acquisition will allow Crosspoint to expand its portfolio in the cybersecurity industry and provide SecureLink with the resources to accelerate its growth.<\/p>\n

Enlightenment Capital, a private equity firm focused on aerospace, defense, and government services, has acquired Telos Corporation’s identity management and access business unit. This acquisition will allow Enlightenment to expand its cybersecurity offerings to government and commercial customers.<\/p>\n

These acquisitions come at a time when cybersecurity threats are becoming increasingly prevalent. According to a report by Cybersecurity Ventures, global cybercrime damages are expected to reach $6 trillion annually by 2021. As a result, companies are investing more in cybersecurity solutions to protect their data and assets.<\/p>\n

In addition to these acquisitions, Crestview Partners, a private equity firm focused on middle-market companies, has made a foray into the film industry. Crestview has acquired a majority stake in NEON, an independent film distribution company known for its award-winning films such as “Parasite” and “I, Tonya.”<\/p>\n

This move by Crestview highlights the trend of private equity firms diversifying their investments beyond traditional industries. The film industry has seen significant growth in recent years, with box office revenues reaching $42.5 billion globally in 2019.<\/p>\n

Overall, these acquisitions and investments demonstrate the importance of cybersecurity in today’s digital age and the diversification of private equity investments. As cyber threats continue to evolve, companies will need to invest in robust cybersecurity solutions to protect their assets. And as private equity firms seek new opportunities for growth, they will continue to explore industries beyond their traditional focus areas.<\/p>\n