Fast-growing Secure Cloud Provider FireHost Secures $25 Million in Series E Funding

April 16, 2014

New Funding Round to Accelerate Innovation, Growth as Secure Cloud Leader Continues Rapid Momentum for Secure Cloud Computing and Data Protection.

FireHost, the secure cloud company, today announced a $25 million Series E funding round led by its longtime investment partner, The Stephens Group, LLC. The latest round fuels FireHost’s global growth as the leading secure cloud provider, helping customers with compliance and security needs – from healthcare to retail companies – protect critical applications and data.

The funding is reflective of FireHost’s rapid growth, due in large part to the security technology it pioneered that differentiates its secure cloud business from other competitors as well as its uncompromising perspective that companies should implement secure cloud operating practices and not settle for checkbox compliance. By serving customers sincere about security protection, FireHost has doubled revenue in each of the past three years.

KEY HIGHLIGHTS

• The Series E funding will be used to further the company’s product development, sales, and brand awareness.
• The funds will strengthen FireHost’s ability to invest in all aspects of secure cloud computing, particularly to provide further separation in the technology required to protect customers from increasingly complex security threats.
• In 2013, FireHost blocked more than 100 million hack attempts targeted at its customers.

Quotes

ROBERT COVINGTON, THE STEPHENS GROUP

“FireHost is taking a significant step forward in realizing its vision to provide secure clouds to a range of customers, particularly those with the most demanding compliance and data protection needs. This is a very focused company dedicated to serving customers and a leader in the increasingly important market of secure clouds. With the continuous stream of publicized data breaches, FireHost’s mission has never been more important. FireHost is a secure cloud trailblazer and represents what the cloud provider of the future will be.”

JIM LEWANDOWSKI, CEO, FIREHOST

“FireHost is actively solving some of the most important technology challenges that the technology industry faces – security, performance and compliance in the cloud. In a few short years, we have emerged as a technology leader in the secure cloud market. This funding round allows us to invest further in the technology required to provide our customers the type of secure cloud computing they have come to expect from FireHost. The Stephens Group has been the perfect partner to enable this innovation and provide the company with the necessary resources to expand our leadership position. There can be no compromise or tolerance when it comes to security, and FireHost’s business is predicated on that principle. We want computing users throughout the world to gain the benefits of the cloud knowing that they are protected from threats. We remain humble and emboldened for the next phase of what FireHost can do for its customers.”

ABOUT FIREHOST

FireHost offers the most secure, managed cloud IaaS available, protecting sensitive data and brand reputations of some of the largest companies in the world. With private, cloud infrastructure built for security, compliance, performance and managed service, responsible businesses choose FireHost to reduce risk and improve the collection, storage and transmission of their most confidential data. FireHost’s secure, managed cloud IaaS is available in Dallas, Phoenix, London, Amsterdam and Singapore, and offers robust, geographically redundant business continuity options across all sites. Based in Dallas, FireHost is the chosen secure private cloud service provider for brands that won’t compromise on the security of their payment card, healthcare, and other regulated data. www.firehost.com