M|C Partners – a digital infrastructure and tech services private equity firm – announced it has invested strategically in Consortium Networks, a national cybersecurity organization. This investment will enhance Consortium Networks’ growth by expanding talent acquisition, sales, technical expertise, and innovation. Nate Ungerott, a cybersecurity veteran, was also appointed CEO.
This funding round accelerates Consortium Networks’ accretive growth strategy within the cybersecurity sector. It amplifies talent acquisition, broadens the company’s reach in sales and delivery, reinforces technical expertise and innovation, and fosters exceptional vendor partnerships. This funding round was made in partnership with Consortium Network’s leaders Larry Pfeifer, Founder and Chief Disrupter, and Tim Murphy, CEO, who both retain a material ownership position in the company. Both Pfeifer and Murphy also joined Consortium Networks’ Board of Directors, with Pfeifer serving as Executive Chairman.
The company also announced that Nate Ungerott, a seasoned cybersecurity leader with more than 20 years of experience, has assumed the role of CEO at Consortium Networks. And Ungerott’s impressive background includes roles in executive leadership, sales, partner alliances, and corporate development. Plus, he played a pivotal role in the growth of cybersecurity firm Optiv, where he contributed to scaling the company from $50 million to over $3.5 billion in revenue and over 2,000 employees.
The terms of the deal were undisclosed. AGC Partners served as the advisor to the sellers, with Pillsbury Winthrop Shaw Pittman (PWSP) and McDermott Will & Emery (MWE) providing legal counsel.
KEY QUOTES:
“As cybersecurity challenges constantly evolve, organizations seek trusted partners to navigate this dynamic landscape. The Consortium Networks team has earned a stellar reputation for playing a pivotal role, uniquely bridging the gap between market intelligence, cybersecurity vendors, and security buyers, setting us apart in the market. This investment is a critical milestone in helping us execute on plans to expand our capabilities and coverage and bring additional value to our clients.”
— Larry Pfeifer
“We recognize the remarkable customer-first culture that Larry, Tim, and the Consortium Networks team have cultivated. Their dedication to assembling and nurturing a world-class team focused on delivering superior security outcomes and exceptional customer experiences has been the driving force behind their rapid growth and the establishment of a loyal customer and partner base. We are enthusiastic about championing Consortium Networks as it continues its commitment to this strategy in the years ahead, setting new standards in the industry.”
— Travis Keller, Managing Partner, M|C Partners
“It is an honor to join the Consortium Networks team. I am excited to contribute to this forward-thinking organization’s journey towards market leadership and innovation in the cybersecurity sector. Together, we will continue to prioritize customer success, trust-building, and the development of cutting-edge solutions.”
— Nate Ungerott
