Brighton Park Capital announced a growth investment in HITRUST, a leader in information security assurance for risk management and compliance.
This funding will support HITRUST’s continued expansion and innovation in cybersecurity and information risk assurance amid growing global concerns about cyber threats and regulatory compliance. HITRUST will continue to be led by CEO Daniel Nutkis, and the organization’s mission and strategy will remain the same. This investment will also support HITRUST’s continued expansion internationally into new verticals and product areas.
Launched in 2007 by Nutkis, HITRUST has established itself as a trusted leader in the development of comprehensive solutions that enable organizations to more effectively manage information risk, including cybersecurity, as well as third-party and AI risks, for organizations across any industry and risk profile.
This funding will advance continued investment in HITRUST’s core assurance offerings, which have significant growth opportunities as the only proven assurance program that consistently mitigates information and cyber risk. And the investment will also be used to bolster its newer, market-leading innovations in continuous assurance through its cyber threat-adaptive engine, third-party risk management through its Assessment Xchange and ServiceNow integration, and its industry leading AI Risk Management and Security Assessments.
HITRUST was advised by Harris Williams and Katten Muchin Rosenman, and Brighton Park was advised by Paul Weiss, Rifkind, Wharton & Garrison.
KEY QUOTES:
“We are thrilled to welcome Brighton Park Capital as a strategic partner. Their investment and industry expertise will be invaluable as we continue to innovate and expand our offerings to meet the evolving needs of our clients and the broader cybersecurity landscape. Together, we will drive forward our mission to provide comprehensive, certifiable cybersecurity frameworks that set the industry standard.”
- Daniel Nutkis
“The threat-landscape is rapidly evolving, and organizations and their key stakeholders are looking for assurance of rigorous cyber controls that adapt to these changes. HITRUST is a uniquely credible, neutral standards-setter in cybersecurity – a position earned through rigorous controls, proven effectiveness, and a commitment to continuous improvement far ahead of other standards.”
- Tim Drager, Partner at Brighton Park
“We have deep conviction in the company’s mission and strategy. We look forward to partnering with Dan and his team to support the company’s next phase of growth, expanding its best-in-class frameworks and technologies into new verticals and geographies, while preserving the integrity and trust that makes HITRUST exceptional.”
- Kevin Magan, Partner at Brighton Park
