TitanHQ has announced the company has secured investment from Livingbridge, one of the UK’s leading mid-market private equity firms. Livingbridge has offices in UK, the US and Australia and invests in companies with a value of up to £200 million.
Livingbridge has been investing in firms for two decades, during which time more than 150 companies have benefited from investment and have thrived with the injection of capital. Many of the firms Livingbridge has invested in have gone on to become household names.
TitanHQ similarly has a history spanning two decades. The company was formed as Copperfasten Technologies in 1999 in Galway, Ireland where the company is still based. The firm started life selling spam filtering appliances to companies in its native Ireland and has since grown into a truly global company with its solutions used by companies in 150 countries around the world.
TitanHQ has developed three SaaS-based solutions – SpamTitan Email Security, WebTitan Web Security, and ArcTitan for email archiving. These solutions have multiple deployment options, with the cloud-based deployments hugely popular. The solutions have been adopted by more than 8,500 businesses around the world and they have been incorporated into the security stacks of more than 2,500 managed service providers (MSPs).
TitanHQ now has an ARR of $15 million and is the leading provider of cloud-based security solutions to managed service providers serving the SMB market. TitanHQ has recorded impressive, consistent growth and as more companies have adopted WFH initiatives, its security solutions have been in even greater demand.
Livingbridge identified TitanHQ as an attractive target for investment, thanks to the company’s strong growth and proven track record for delivering powerful and popular SaaS solutions.
Livingbridge used its Enterprise 3 fund, which is set aside to invest in fast-growing companies up to the value of £50 million. The funds will be used to accelerate TitanHQ’s ambitious growth plans and will be used to increase investment in product development and people.
“We are excited to be taking this next step in our growth journey with Livingbridge, a partner that understands the unique strengths of our business, shares our vision for success and has the experience and resources to help us to achieve it,” said Ronan Kavanagh, Chief Executive Officer of TitanHQ.
“We are delighted to be partnering with TitanHQ, a uniquely positioned business with a well-differentiated product portfolio operating in a fast-growing, attractive market that is benefiting from strong macro tailwinds,” said Nick Holder, Director at Livingbridge. “There is a tremendous opportunity for Titan HQ to accelerate its growth trajectory over the coming years and we look forward to working closely with the management team to fulfil the company’s potential.”
Bill Mc Cabe’s Oyster Technology Investments invested in TitanHQ at inception and will continue to maintain a significant stake in the business.