AccessData Raises $45M for First Investment in its 25+ Year History

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AccessData, the cyber security and digital forensics company that was one of the first to get in on the data and cyber protection gig way back in 1987, has raised $45 million for its first funding in the legacy company’s 26 year history.

The investment includes a $20 million equity trade from Sorenson Capital and $25 million in structured debt from Silicon Valley Bank. The funding allows it to “reduce outside ownership and add Sorenson as a strategic, long-term partner,” the company explained in a press release.

“By consolidating our ownership and adding a strategic partner like Sorenson Capital, while strengthening our relationship with Silicon Valley Bank, AccessData is better positioning itself to take advantage of its unique place in the market,” said Tim Leehealey, CEO of AccessData.

AccessData currently serves more than 130,000 users in law enforcement, government agencies, corporations and law firms worldwide. It provides software solutions as well as digital investigation, hosted review services, digital forensics and litigation support training and certification. CIRT 2, its flagship product, is a cyber protection platform that utilizes malware analysis, large-scale data auditing and remediation while integrating with network and computer forensics.

“By combining AccessData’s strong market position with Sorenson Capital’s proven track record of taking companies to the next level, we believe we can accelerate growth at AccessData and deliver  extensive value to shareholders and customers alike,” said Ron Mika, a co‐founder and Managing Director of Sorenson Capital. “This is an exciting company and a compelling opportunity. We are anxious to see where the team can take it over the coming years.”

It has offices in Washington D.C., New York, Houston and San Francisco, as well as in the UK and Australia.