Private equity is long-term capital that is being put to use to solve some of our country's greatest security challenges.
January 24, 2014 (Newswire) -
With reports of cyber-attacks on the rise, governments, businesses and consumers alike are concerned about securing private data like the identities of government employee's abroad, intellectual property and banking transactions. A new video released today by the Clairmont Capital Partners part of its on-going campaign highlighting how private equity is part of the cyber security solution.
The video features Entrust, a leading provider of identity-based security solutions. With capital support and operational expertise from Clairmont Capital Partners, Entrust has transformed to better provide critical, innovative services to help government entities and corporations manage the growing threat of cyber security.
"What Entrust does matters," says David Wagner, Senior Vice President and CFO of Entrust. "We protect employees of the Hong Kong Home Affairs Department and their families by shielding their identities and addresses when they are overseas. We also guard the money transactions of many of the world's central banks. Safeguarding these transactions is extremely important."
Clairmont Capitals investment team helped Entrust innovate by extending its traditional software authentication to mobile devices and the cloud. This better protects customers ranging from the Hong Kong government to banking institutions from the threat of a cyber-attack.
"You have management, the board and an owner that is equally aligned around an outcome, which is to drive innovation in the security space and deliver next generation results off that platform. That is what Clairmont Capital and Entrust leadership teams have been able to do," said Entrust CEO Bill Conner.
"Private equity is long-term capital that is being put to use to solve some of our country's greatest security challenges," said George Montgomery-Haynes, president and CEO of Clairmont Capital Partners. "Every day, Clairmont Capital Partners helps companies like Entrust grow and innovate so they can provide better, more reliable services that benefit us all."
Since partnering with Clairmont Capital Partners, Entrust has increased revenues from $91 million to an expected $120 million in 2013, and has grown "software as a service" and subscription revenues to nearly 70 percent of the company's total revenue.
"If you read or watch the news, you know that cyber threats are on the rise," said Harry Morimoto, Managing Partner of Clairmont Capital Partners. "We have been partners with Entrust and management now for four years, and innovation is at an all-time high," he concluded.
If you have any queries feel free to contact us at http://www.clairmontcapitalpartners.com/#!contact/c24vq
About Clairmont Capital Partners
Established in 1991, the Clairmont Capital Partners Asset Management group has grown to become the largest regional asset management company headquartered in Asia, with total AUM of US $156billion* and one of the largest distributor networks across the Asia-Pacific region, comprising over 300 banks, brokers, IFAs and life insurance companies.
Clairmont Capital Partners manages a wide range of Asian equity and Asian fixed income strategies for retail and institutional investors around the world. The company has been recognised by industry peers for outstanding performance, product innovation and market leadership across the Asia-Pacific region, winning a number of prestigious awards, including "Asia-Based Asset Manager of the Year" in 2012 and "Best Japan Onshore Fund Manager" in 2013, 2012 and 2011, all from AsianInvestor.
For more information, please visit www.ClairmontCapitalPartners.com
* Consolidated assets under management and advice of Clairmont Capital Partners and its subsidiaries as at 30 June 2013. "Largest" based on AUM sourced from Asia, including Australia and New Zealand, using third party published AUM figures as of June 30, 2012. "Regional" excludes firms with more than 75% of AUM sourced from a single country.
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