SOURCE: Fishtech Labs LLC

Fishtech Labs LLC

July 29, 2016 10:00 ET

Fishtech Labs Welcomes Foresite to Its Technology Accelerator Program With $3 Million Equity Investment

KANSAS CITY, MO--(Marketwired - July 29, 2016) - Fishtech Labs has invested $3 million in Foresite, the Overland Park, Kansas-based SaaS-based managed security services provider. The investment furthers Fishtech Labs' vision of becoming the leading technology accelerator. Coupled with its capital investment, Fishtech Labs will leverage decades of industry experience to support Foresite with innovative go-to market strategies, industry positioning, and technology acceleration services.

"Foresite's Provision platform is a perfect complement to our cloud forward approach at Fishtech Labs," says CEO Gary Fish. "With the MSSP market predicted to grow to $30 billion worldwide by 2020, we believe Foresite is positioned well to take advantage of market tailwinds."

Fish praised Foresite's White Label solution, which enables channel partners to participate in the MSSP market without having to invest the time and money to build the software and infrastructure to support their own MSSP environment.

"We are very impressed with the SaaS-based Provision platform," says Fish. "A platform with this depth of features and capabilities takes years to develop. It's very exciting to partner with Foresite at this juncture in their evolution."

Foresite's Incident Response capabilities complement its customers and channel partners. "The ability to identify and immediately remediate threats through its Provision Platform means Foresite is poised to disrupt the MSSP space," says Fish. "We're happy to start this journey."

"With the addition of the $3 million capital investment from Fishtech Labs we are receiving far more than a capital investment," says Robin Mayo, CEO of Foresite. "Gary and his team at Fishtech Labs are uniquely poised to help us accelerate our go-to market strategy. They are respected leaders in our industry and we are very excited to welcome them as an extension of our team."

Along with the equity investment, Gary Fish and Dan Thormodsgaard of Fishtech Labs will join the Foresite board.

Fishtech Labs is a technology accelerator focused on finding and creating solutions for our clients that deliver operational efficiencies and improved security posture. So you don't have to be, we are immersed in the changing security and emerging technology landscape specific to Cloud, IoT, SDN, and Virtualization. We identify gaps and appropriate solutions for our clients' maximum advantage. As innovation experts, our team takes a consultative approach to evaluate each client's objectives, benefits, and risks that may be mitigated with next-generation solutions. For more information, visit us at http://fishtechlabs.com or contact us at info@fishtechlabs.com.

Foresite delivers a range of threat mitigation and managed security services. These unique and flexible solutions offer businesses innovative ways to address the liabilities of today's complex security and compliance requirements. Our professionals, long experienced and highly knowledgeable in compliance and security, apply their expertise to providing superior consultative guidance and unparalleled customer service. The company's managed security services are delivered via our proprietary ProVision platform. Foresite is a Moneo Technology Solutions Company, headquartered in Overland Park, Kansas, with operations centers in East Hartford, Connecticut, and London, United Kingdom. For more information, visit http://www.foresite.com.

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