Mubadala Partners with Paladin Capital Group to Invest in Cyber Security
Abu Dhabi, United Arab Emirates and Washington, DC – Paladin Capital Group, a leading multi-stage private equity firm, has today announced that Mubadala Development Company, the Abu Dhabi based strategic investment and development company, has invested with Paladin in Damballa, Inc., an innovative cyber security business focusing on advanced Persistent Threats.
Washington, DC based Paladin Capital Group has focused on investments in Homeland Security related companies since 2002 and, more recently, on companies that have products, services and technologies that are exclusively focused on protecting critical cyber-related infrastructure.
“Cyber security is a sector with clear market growth potential making it an attractive investment opportunity,” said Jassem Al Zaabi, Executive Director of Mubadala ICT. “As a highly innovative leader in this industry with proven technology across botnet detection and neutralization, Damballa is an exciting company to invest in with an experienced management team well placed to capitalize on future opportunities. Paladin has been key in identifying and executing this investment.”
“The advanced and persistent nature of recent targeted cyber attacks has outpaced all existing security defenses for most private and public sector network security teams,” said Lt. General Kenneth A Minihan (USAF ret.), a Managing Director at Paladin and the former Director of the National Security Agency (NSA). “Damballa is the clear leader in cyber threat security solutions for enterprise and service provider networks and has experienced rapid growth due to its innovative solutions and world-recognized threat research team. We are excited about the significant growth potential for Damballa in its existing markets and its innovative plans to protect cloud and public sector networks from cyber threats and abuse. We are proud to join the dynamic and experienced executive management team that Damballa has assembled.”
Damballa provides cyber threat solutions for enterprise, ISP and telecommunication networks. Damballa solutions detect and terminate malicious activity associated with botnets and advanced malware that exfiltrates corporate data such as intellectual property or login credentials. Damballa’s customers are among the largest, most respected brands in their industries, and the advanced protection they count on from Damballa has resulted in an excellent renewal rate. As more network activity shifts to mobile devices and the cloud, Damballa is leading the market in protecting these networks from cyber attacks and targeted threats.
About Mubadala Development Company
Mubadala Development Company (Mubadala) is a catalyst for the economic diversification of Abu Dhabi. Established and owned by the Government, the company’s strategy is built on the management of long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits to the Emirate.
The company partners with leading global organizations to operate businesses across a wide range of industry sectors including aerospace, financial services, healthcare, information communications and technology, infrastructure, logistics, metals and mining and real estate. By doing so, Mubadala accomplishes its mission to expand the economic base of the Emirate and contribute to the growth and diversification of the Abu Dhabi economy.
For more information about Mubadala, please visit www.mubadala.ae
About Paladin Capital Group
With offices in Washington, D.C. New York, New York and Dubai, United Arab Emirates, Paladin Capital Group is a leading multi-stage private equity firm providing capital and strategic guidance to growing companies in the IT, telecommunications and alternative energy sectors. The firm focuses on companies with products and services that are “dual use” in nature, serving both commercial and government customers. Paladin has over $950 million dollars of committed capital across multiple funds and has invested in over 50 portfolio companies.
Damballa is a pioneer in the fight against cybercrime. Damballa provides the only network security solution that detects the remote control communication that criminals use to breach networks to steal personal and intellectual information, and conduct espionage or other fraudulent transactions. Patent-pending solutions from Damballa are platform and system-agnostic, protecting networks with any type of device including PCs, Macs, smart phones, as well as mobile and embedded systems. Damballa customers include Fortune 1000 companies, Internet and telecommunications service providers, government agencies and leading universities. Privately held, Damballa is headquartered in Atlanta, Ga. http://www.damballa.com
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- Washington Media Group
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