DLA Piper represented GuidePoint Security, a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, in a recent investment from ABS Capital Partners.
Founded in 2011, GuidePoint partners with its customers to review, compare and recommend best-fit security solutions based on their unique environment and requirements. The company has sold a combination of cybersecurity solutions and services to more than 2,000 US-based customers.
“We were pleased to pair our market-leading venture capital capabilities with our experience advising companies operating in the cybersecurity space to assist GuidePoint with this transaction, which will accelerate GuidePoint’s growth and enable it to continue developing innovative solutions to challenging cybersecurity issues,” said Eric Grossman, the DLA Piper partner who led the firm’s deal team.
“Eric and DLA Piper have been tremendous partners to us for a number of years, and I am grateful to have leveraged their vast private equity experience in helping us achieve a great outcome with our ABS Capital investment transaction,” said Michael Volk, managing partner of GuidePoint Security.
In addition to Grossman (Northern Virginia), the DLA Piper team representing GuidePoint Security included partners Stacy Paz (Silicon Valley), Richard Marks (Washington, DC) and Brad Jorgensen (Austin); managing director Irma Isabel De Obaldia (Northern Virginia); of counsel Matthew VanderGoot (Northern Virginia); and associates Ryan Selis (Northern Virginia) and Phillip Lee (Washington, DC).
DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers in the US who provide strategic counsel to emerging companies in high-growth industries, including biotech, manufacturing, communications, software and semiconductors. In 2019, the firm handled more than 697 venture capital financings totaling over US$10.3 billion. Over the last three years, DLA Piper has completed more than 2,100 financings totaling over US$31 billion.