Acreto Partners With Venderity Capital, Appoints Wes Johnston as Executive Chairman
NEW YORK, September 24, 2024 (Newswire.com) – Acreto, the leading provider of infrastructure cybersecurity solutions, is pleased to announce an investment partnership with Venderity Capital, a Washington, D.C.-based investment firm focused on accelerating the performance of technology companies in the middle market.
Acreto delivers a fully integrated security platform that protects and consolidates the complex, multi-vendor environments found in commercial buildings, industrial/distribution facilities and critical infrastructure. The platform enables companies to consolidate security vendors, reduce operational complexity and decrease costs.
Together with Acreto’s current capital partner, JLL Spark Global Ventures, Venderity’s investment will support the expansion of Acreto’s services offerings as well as enhancements to its global platform.
Raj Singh, Managing Partner JLL Spark: “As buildings become increasingly ‘smart’ and connected, the opportunity to improve how we manage our spaces as well as make them more secure is now a major concern. Only the team at Acreto delivers a compelling solution to this important challenge.”
Acreto is also pleased to announce the appointment of Wes Johnston as the company’s new Executive Chairman. Mr. Johnston has a 30-year career as an information technology executive and private equity investor.
Wes Johnston, Chairman Acreto: “The Acreto platform is unique in how it secures the complex requirements of building, industrial and critical infrastructures. I am excited to join the Acreto management team to execute against the mission of securing our country’s vulnerable infrastructure.”
Thad Eidman, CEO Acreto: “Our rapid growth in the infrastructure security market is driven by our customer’s need to simplify and consolidate security operations across OT and IT technologies, including segmentation against ransomware. Wes brings extensive strategic and operational experience in the infrastructure security market to support our mission of enabling our customers to focus on their core business knowing that their infrastructure is fully secure.”
Acreto
Acreto is the leading provider of cloud-delivered security that protects our country’s critical infrastructure against malicious activity from nation states and criminal networks. Acreto enables the three key pillars of security including OT/ICS security, IT security and segmentation all in a single, simple to deploy platform. Acreto is deployed in a number of the largest global infrastructure companies.
Robert Thomas – Former CEO Infoblox and NetScreen – Joins Acreto Board
CUPERTINO, Calif., April 04, 2024- Robert Thomas, Silicon Valley veteran CEO who led both NetScreen Technologies and Infoblox from startup to IPO, has joined Acreto’s Board of Directors.
As a serial CEO, advisor and investor, Robert has been at the forefront of the network and security industry since the beginning of his career. Robert led both NetScreen Technologies and InfoBlox from startup to highly successful IPOs, with over $7 billion in total market valuation. Robert currently serves as an advisor to several VC funds, including Sequoia and Andreessen Horowitz.
“I’m impressed with Acreto’s vision, management team and execution. As compute, storage, access and application delivery have all moved to the cloud, security has just not adapted. That is because it’s hard. Acreto is the only technology I know of that has solved this problem in a meaningful way. They consolidate security across the hybrid infrastructure, all the while dramatically simplifying it,” said Robert Thomas. “I’m very much looking forward to what the future holds for Acreto.”
Robert brings 30 years of experience creating, building and managing profitable technology businesses to Acreto. As a key member of the Acreto Board of Directors, Robert will help support the company’s strategic direction and growth as Acreto fundamentally changes how the world’s most vulnerable systems are secured.
Acreto provides comprehensive, end-to-end security that eliminates the need for products and complex security operations. Acreto delivers a cost effective, simple platform that protects today’s complex hybrid infrastructure from the cloud. Acreto SASE+ Plus introduces unique patent-pending innovations, such as Secure Application & Data Interconnect (SADI), Nano-Segmentation, Network Wormholing and Ecosystem Security — offering capabilities well beyond traditional products or SASE providers.
“Robert’s insight and experience in building success, along with his ability to strategically connect complex dots is unparalleled in the industry. I am honored and excited to have Robert join Acreto and consider him both a mentor and a friend,” said Babak Pasdar, Acreto’s CEO.
Media Contact: Patricia Cucolo
patricia@acreto.io
About Acreto:
Acreto is the first cloud-delivered, end-to-end connectivity and security platform that can connect and protect any technology, on any network, anywhere. Acreto SASE+ Plus delivers Secure Access Service Edge (SASE) functionalities for access technologies such as devices, networks, IoT / OT and third-parties; while Acreto Secure Application and Data Interconnect (SADI) connects and protects application delivery infrastructure such as clouds, SaaS, data centers and co-locations. Acreto SASE+ Plus is SASE plus SADI — one platform with one interface from one provider for all of your technologies around the world.