BEW Global snags $14 mln from Frontier Capital

BEW Global has received $14 million in funding from Frontier Capital. Headquartered in Greenwood Village, Colorado, BEW Global is a provider of data and critical asset protection solutions.

PRESS RELEASE

Charlotte, N.C. – July 22, 2014 -Frontier Capital today announced its investment in BEW Global, an internationally recognized leader in protecting enterprises intellectual property and critical assets. Frontier’s $14 million investment in the Denver-based company provides capital to support the company’s increasing growth as it helps corporations prevent information theft or unauthorized use.

With its innovative methodology for proactively managing enterprise-wide information security programs and the growing need for organizations to protect important data and intellectual property, BEW Global’s revenue increased by 58 percent last year.

“This substantial growth, coupled with a quality management team dedicated to providing innovative information security solutions, makes BEW a perfect fit with our investment strategy. Our investment will enable BEW to expand its services to meet the ever-growing security needs of organizations,” said Joel Lanik, partner, Frontier.

“Frontier has a proven track record of helping accelerate the growth of the companies in which it invests and shares our passion for both critical asset protection and nurturing client relationships,” said Rob Eggebrecht, president and co-founder, BEW Global. “With Frontier’s investment and strategic insights, our clients can expect even greater service and capabilities from BEW, immediately and over the long term.”

Frontier Supports Growth Companies in Rocky Mountain States
Frontier focuses exclusively on investing in software and technology-enabled business services companies in areas, such as Colorado and Utah, with significant entrepreneurial activity but limited local capital. Last week, for example, Frontier announced a $25 million investment in Lehi, Utah-based NetDocuments. In the past 18 months, the company has also invested in two other Rocky Mountain-based companies:

· JobApp, a Denver-based software-as-a-service (SaaS) provider for recruiting and talent-management systems.

· MultiLing, a Provo, Utah-based leader in intellectual property (IP) translations and related support services for foreign patent filings.

About Frontier Capital

Frontier Capital is a North Carolina-based growth equity firm focused exclusively on software and technology-enabled business services companies. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. For more information, visit www.frontiercapital.com.

About BEW Global

BEW Global is an internationally recognized leader in data and critical asset protection. With a focus on data loss prevention (DLP), the company provides global 24/7 managed security services for organizations looking to protect business-critical information. BEW also provides consulting and technical services in addition to incident response, global data privacy and workplace monitoring, and policy development and translation services in more than 100 countries. BEW holds ISO 27001 certification for internal information technology operations. Visit www.bewglobal.com for more information.

 

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