Allegis Capital Ramps Up Investment in Cyber-Security Firms

By Sean Michael Kerner  |  Posted 2016-01-25 Print this article Print
investing in security firms

For Ackerman, knowledge and understanding, as well as experience are the keys to potential success in cyber-security. "The challenge is that a lot of things get funded that perhaps shouldn't be funded, and that creates a level of noise in the market that we have to be aware of," Ackerman said.

Among Allegis Capital's investments is security vendor Synack, founded by former National Security Agency (NSA) analyst Jay Kaplan. Synack's business model is focused on helping organizations to find security flaws by enabling a community of researchers. Ackerman noted that Kaplan is the type of entrepreneur that Allegis likes to back because he has been on the forefront of dealing with real-world threats and has a deep hands-on understanding of what security is all about.

"As an investor, the challenge isn't just in finding a needle in the haystack, it's in finding a particular piece of hay in the haystack," Ackerman said. "Domain expertise matters in a significant way."

Sean Michael Kerner is a senior editor at eWEEK and Follow him on Twitter @TechJournalist.


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