Portland is getting so popular for regional offices that we’ve even got regional startup offices in stealth mode. In fact, for months, I’ve been sitting a stone’s throw from the Portland contingent of an impressive company that just revealed what they’re building. Meet StackPath.
StackPath has emerged from stealth as the Security-as-a-Service company providing a path to a more secure internet and announced a significant investment from ABRY Partners, a $4.3 billion private equity fund focused on investing in information and business service companies. The launch marks the highly anticipated next endeavor for chairman and CEO Lance Crosby—founder and former chairman and CEO of SoftLayer Technologies (acquired by IBM in 2013 and now the foundation of IBM’s Cloud Computing division).
StackPath is Crosby’s vision for a frictionless and scalable security platform specifically designed to accommodate the crushing demand of traffic on the internet, the seemingly endless new point solutions purporting to fix the latest threat, in an ever- expanding spectrum of cyber threats. The funds are being used to drive acquisition strategy, further develop the overall infrastructure and add new services, making it a holistic security platform designed to meet the needs of businesses today.
Good news? They’re well funded. Even better? They’ll be hiring here in town. Better yet? Even in stealth mode, they’ve been doing a great job of becoming part of our community. And it only promises to get better from here.