SINGAPORE, 5 April 2017 – ST Telemedia (STT), an active investor in Communications, Media and Technology (CMT) businesses across the globe, announced today its investment in Armor, The First Totally Secure Cloud Company™ based in Dallas, USA. The investment will accelerate the adoption of Armor’s managed security platform for public and hybrid cloud environments. With the investment of US$89 million in the latest round of equity financing of Armor, STT has become a joint lead shareholder with The Stephens Group (TSG), the existing majority shareholder of Armor.
As the first company to establish a secure hosted cloud, Armor’s proprietary platform integrates threat intelligence, automated security orchestration and machine learning managed by a world-class security operations centre (SOC). Providing 24/7/365 managed protection, detection and response against any cyber threat, Armor delivers industry-best SLAs, including dwell times of less than one day. The company’s flexible solutions also help customers adhere to compliance requirements such as PCI, HIPAA/HITRUST, SOC and ISO.
The investment in Armor adds to STT’s technology infrastructure and enterprise software portfolio and provides the company with a leading presence in the growing cybersecurity and cloud infrastructure markets. Further, the investment underscores STT’s commitment to continually develop new growth verticals, drive value across its global portfolio and build an integrated vertical stack from infrastructure to services and applications focused on enterprise data.
Quote from Nikhil Eapen, Chief Strategy and Investment Officer, ST Telemedia:
“Security is a baseline concern as organizations seek to move to the cloud. Protecting data and ensuring compliance is complex and organizations need specialized help to keep pace with increasingly complex cyber threats. For years, Armor has quietly proven the value of their solutions by protecting a large and respectable customer base in a variety of industries. STT is an active investor in technology infrastructure and enterprise software with a strong focus on driving value across our portfolio of communications, media and technology companies. Armor’s strong performance, with shareholder support from STT and TSG, creates real opportunity to gain market share as public clouds continue to gain popularity and awareness of Armor increases.”