Pondurance Secures Strategic Investment from Newlight Partners to Accelerate Growth and Fuel Innovation in Managed Detection & Response Offerings
Pondurance Secures Strategic Investment from Newlight Partners to Accelerate Growth and Fuel Innovation in Managed Detection & Response Offerings
10/27/20, 12:05 PM
Location
new yorkPondurance, a leader in Managed Detection and Response (MDR) services, today announced a new strategic investment from affiliates of Newlight Partners LP (“Newlight”), a private investment firm. Proceeds from the investment will support Pondurance’s growth in the rapidly expanding MDR market, drive its R&D and innovation capabilities, and bolster its leadership team.
Company Info
Location
new york, new york, united states
Additional Info
Newlight Partners LP is a private investment firm focused on collaborating with management teams and strategic investors to build unique, durable businesses, predominantly in North America. For more than 15 years, the Newlight team has helped build successful enterprises in five sectors, including financial services, telecommunications, power and infrastructure, healthcare services and business services. Led by David Wassong and Ravi Yadav, the Newlight team has invested approximately $6 billion in over 100 investments since 2005, first as the Strategic Investments Group at Soros Fund Management LLC (Soros), and now as Newlight after the team's spin out from Soros in 2018. Newlight has approximately $4 billion in capital commitments and assets under management.