360 Advanced Secures Strategic Investment from Bregal Sagemount's Basecamp Fund
On January 7, 2025, Bregal Sagemount, a prominent private equity firm concentrating on growth investments, revealed that it has made a minority investment in 360 Advanced through its Basecamp fund. This partnership marks a significant milestone for 360 Advanced, a well-respected consulting firm specializing in cybersecurity and compliance frameworks. While the terms of this deal were not disclosed, the collaboration is expected to enhance 360 Advanced's growth trajectory.
Founded in 2009 and based in St. Petersburg, Florida, 360 Advanced has gained recognition for its commitment to delivering exceptional client-focused cybersecurity and compliance solutions. Their extensive range of services includes audit and attestation offerings such as SOC, PCI, ISO, HITRUST, FedRAMP, CMMC, and HIPAA, catering to various sectors including healthcare, financial services, technology, and government.
According to Zuhair Khan, Co-Head of Bregal Sagemount's Basecamp fund, the firm is excited to collaborate with 360 Advanced and assist in its growth journey. He emphasized that 360 Advanced's commitment to high-quality, technology-enabled services distinguishes it in the rapidly evolving cybersecurity landscape. This partnership is viewed as a strategic alignment with Bregal Sagemount's extensive history in compliance solutions, which further illustrates their vision for investing in companies that demonstrate innovative approaches to security.
Dan Collins, CEO of 360 Advanced, expressed his enthusiasm regarding the new partnership, stating that welcoming Sagemount as their first strategic investor represents a pivotal moment for the company. Collins indicated that the capital injection would facilitate accelerated growth, allowing 360 Advanced to enhance the market-leading cybersecurity and compliance services they provide. The company's consultative and client-centric approach has been integral to their success, and this new collaboration aims to propel them towards achieving ambitious growth objectives.
Following the completion of this investment, 360 Advanced will adopt a dual-practice structure. 360 Advanced Cybersecurity, LLC will focus on providing advisory and non-attestation services, while 360 Advanced, Inc., an independent CPA firm, will handle attest services. Legal counsel for the transaction included Goodwin Procter LLP and Vedder Price PC for Sagemount, while Hunton Andrews Kurth and Shumaker, Loop, and Kendrick represented 360 Advanced.
As a result of this significant investment, both companies are poised to create synergies that not only strengthen 360 Advanced's market position but also enable it to respond more effectively to the increasing demand for robust cybersecurity and compliance solutions. The emergence of cybersecurity threats has emphasized the importance of having a well-structured compliance framework in place, and 360 Advanced's tailored solutions are set to become increasingly vital for organizations striving to protect their data and ensure regulatory adherence.
360 Advanced has built a reputation as a relationship-focused firm that provides customized services aimed at fulfilling the needs of organizations and their clients. The firm's seasoned experts take a proactive approach in designing personalized implementation strategies, guiding clients through their security and compliance efforts while also delivering tangible results.
The company’s credentials include being a licensed PCI Qualified Security Assessor, ISO Certification Body, HITRUST CSF Assessor, and State/FedRAMP Third Party Assessment Organization. The broad scope of services offered includes the SOC Suite (SOC 1, SOC 2, SOC 3) and various penetrative security assessments, vulnerability evaluations, risk management consultations, governance risk and compliance administration, and advisory services—all aimed at enhancing clients’ cybersecurity resilience.
As 360 Advanced embarks on this new chapter, driven by strategic investment and innovation, it underscores the vital role of cybersecurity in fostering sustainable business relationships and unlocking new opportunities in the digital age. For more information about their services, visit www.360Advanced.com or follow them on LinkedIn.
Founded in 2009 and based in St. Petersburg, Florida, 360 Advanced has gained recognition for its commitment to delivering exceptional client-focused cybersecurity and compliance solutions. Their extensive range of services includes audit and attestation offerings such as SOC, PCI, ISO, HITRUST, FedRAMP, CMMC, and HIPAA, catering to various sectors including healthcare, financial services, technology, and government.
According to Zuhair Khan, Co-Head of Bregal Sagemount's Basecamp fund, the firm is excited to collaborate with 360 Advanced and assist in its growth journey. He emphasized that 360 Advanced's commitment to high-quality, technology-enabled services distinguishes it in the rapidly evolving cybersecurity landscape. This partnership is viewed as a strategic alignment with Bregal Sagemount's extensive history in compliance solutions, which further illustrates their vision for investing in companies that demonstrate innovative approaches to security.
Dan Collins, CEO of 360 Advanced, expressed his enthusiasm regarding the new partnership, stating that welcoming Sagemount as their first strategic investor represents a pivotal moment for the company. Collins indicated that the capital injection would facilitate accelerated growth, allowing 360 Advanced to enhance the market-leading cybersecurity and compliance services they provide. The company's consultative and client-centric approach has been integral to their success, and this new collaboration aims to propel them towards achieving ambitious growth objectives.
Following the completion of this investment, 360 Advanced will adopt a dual-practice structure. 360 Advanced Cybersecurity, LLC will focus on providing advisory and non-attestation services, while 360 Advanced, Inc., an independent CPA firm, will handle attest services. Legal counsel for the transaction included Goodwin Procter LLP and Vedder Price PC for Sagemount, while Hunton Andrews Kurth and Shumaker, Loop, and Kendrick represented 360 Advanced.
As a result of this significant investment, both companies are poised to create synergies that not only strengthen 360 Advanced's market position but also enable it to respond more effectively to the increasing demand for robust cybersecurity and compliance solutions. The emergence of cybersecurity threats has emphasized the importance of having a well-structured compliance framework in place, and 360 Advanced's tailored solutions are set to become increasingly vital for organizations striving to protect their data and ensure regulatory adherence.
360 Advanced has built a reputation as a relationship-focused firm that provides customized services aimed at fulfilling the needs of organizations and their clients. The firm's seasoned experts take a proactive approach in designing personalized implementation strategies, guiding clients through their security and compliance efforts while also delivering tangible results.
The company’s credentials include being a licensed PCI Qualified Security Assessor, ISO Certification Body, HITRUST CSF Assessor, and State/FedRAMP Third Party Assessment Organization. The broad scope of services offered includes the SOC Suite (SOC 1, SOC 2, SOC 3) and various penetrative security assessments, vulnerability evaluations, risk management consultations, governance risk and compliance administration, and advisory services—all aimed at enhancing clients’ cybersecurity resilience.
As 360 Advanced embarks on this new chapter, driven by strategic investment and innovation, it underscores the vital role of cybersecurity in fostering sustainable business relationships and unlocking new opportunities in the digital age. For more information about their services, visit www.360Advanced.com or follow them on LinkedIn.
Topics Financial Services & Investing）
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