PARIS, FRANCE - Media OutReach - 18 April 2019 - Alsid, the pioneering Active Directory
protection solution provider announces a Series A funding record of €13 million
($15 million) in investment led by Idinvest Partners, the leading European
capital-investment company. This capital will be used to continue and
accelerate the international success they have already achieved in France and
Hong Kong.
Alsid was founded in 2016 by Emmanuel Gras and Luc Delsalle,
both experts at the ANSSI (NCSC -- France's National Cyber Security Center). The
company rapidly developed its own revolutionary approach to Active Directory
security, a vital infrastructure for the security and business continuity of
enterprises. Thanks to their proven platform, Alsid achieved more than 500%
growth in 2018, doubled its client portfolio, and has earned the trust and
loyalty of a large number of prestigious key accounts such as Lagardère, Groupe
Accor, Orange, Saint-Gobain, Sanofi, Sodexo Unibail-Roadmco, VINCI Energies,
and HKBN in Hong Kong.
Active Directory is the cornerstone of major modern business
IT infrastructures. This software is used by 95% of all businesses with more
than 1000 employees, and is relied upon to organise user access rights to
applications and network and data sharing activities. As a result, Active
Directory has become a priority target for cybercriminals. Once they gain
control of it, they can grant themselves access to all their victims' assets.
In the light of this, securing Active Directory has become a
universal requirement and now represents a global market worth tens of billions
of euros. Alsid has naturally become a leader in this market thanks to their
significant technological advances and their proven large-scale solution
deployment capabilities. This capital investment program comes therefore as an
integral part of the continuation of their ambitions and will ensure commercial
coverage of leading global markets. Beginning in 2019, Alsid will be expanding
its business to include the United Kingdom, Singapore, the whole of the Middle East,
Germany, Northern Europe, and Benelux, and will be actively preparing its entry
into the US and Japanese markets, planned for 2020.
"We are very proud of the trust that the
market (our clients, share-holders, and peers) have placed in our solution and
our capacity to expand our success globally", explains Emmanuel Gras,
Alsid's CEO. "This record-breaking investment program will allow us to
realise our ambitious expansion plans, further increase our technological
advances and therefore maintain our three-digit growth figure over the long term.''
"Alsid team
successfully identified a data security flaw which is huge, critical, and
unresolved. The quick adoption of their product by a blue-chip portfolio of clients
is evidence of that. We are very excited to join this exceptional team in its
new phase of international development", commented Jonathan Userovici,
Investment Manager for Idinvest Partners.
"Since our seed investment, we have been
greatly impressed by Alsid's ability to make their product an Active Directory
security reference, as can be seen in the size of the client portfolio it has been
able to put together in such a short period of time. We are very happy to
welcome Idinvest as part of this new phase." - Alexandre Mordacq,
Partner 360 Capital.
"We are very proud to have
collaborated with the co-founders of Alsid since their beginnings and to
continue to work with them on this new decisive phase. Their development over
the last 2 years has been exceptional. Alsid has become a leading company when
it comes to AD security; they have managed to dominate their American and
Israeli competition. Their management have vision and commitment, which are two
essential qualities for a credible international reputation." - Mathieu
Viallard, Managing Director, Axeleo Capital.
The issuer is solely responsible for the content of this announcement.