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Secure cloud hosting provider Armor announced on April 5 that it has raised $89 million in a new round of equity financing. The money will be used to help grow Armor's global business efforts.
The funding round was led by ST Telemedia (STT), which will now be a joint lead shareholder with The Stephens Group (TSG), the existing majority shareholder. Total equity funding in Armor now stands at $149 million.
"Security is a baseline concern as organizations seek to move to the cloud," Nikhil Eapen, chief strategy and investment officer at STT, said in a statement. "For years, Armor has quietly proven the value of their solutions by protecting a large and respectable customer base in a variety of industries."
Armor got its start back in 2009 a secure hosting company known as Firehost. In August 2015, the company rebranded as Armor as a way to emphasize the security aspects of the organization.
Armor has two core product offerings. The Armor Complete platform provides cloud hosting with built-in security capabilities to help mitigate and reduce security risks. The Armor Anywhere platform provides managed security for Amazon Web Services (AWS) and Microsoft Azure cloud deployments.
"Much of our growth has been attributed to word-of-mouth and customers seeking us out as they searched for a reliable security partner," Chris Drake, founder and CEO nof Armor, said in a statement. " Our goal is for the global community to embrace what our customers already know – Armor’s end-to-end cloud security orchestration platform is the best approach to protect sensitive data backed by measurable results."
"This additional capital and partnership with STT will help spur innovation, drive brand awareness and broaden global distribution channels," Drake added.
Sean Michael Kerner is a senior editor at eSecurityPlanet and InternetNews.com. Follow him on Twitter @TechJournalist.