PORTLAND, Ore., Nov. 8, 2018 /PRNewswire/ — RADAR, Inc., the award-winning incident response management and decision-support SaaS solution provider, announced today it has received a strategic investment from Vista Equity Partners (“Vista”), a leading investment firm focused on software, data, and technology-enabled businesses that are reinventing industries and catalyzing change. With Vista’s partnership, RADAR intends to expand operations and accelerate innovation in delivering solutions that help simplify compliance with global privacy obligations.
Headquartered in Portland, Oregon, founder-led RADAR provides incident response management software through automated and purpose-built SaaS technology. The platform’s highly differentiated solution automates the multi-factor risk assessment required for compliance with global data breach notification regulations and allows organizations the most advanced method to reduce risk and improve consistency and efficiency of incident response management processes. RADAR joins Vista while experiencing strong business momentum and adoption within industries obligated to personal data protection.
“Organizations processing personal data have a tremendous need for a consistent and efficient way to manage data privacy and security incidents, and we’re proud to address that need with our scalable decision-support solution,” said Mahmood Sher-Jan, CEO of RADAR. “With Vista’s support, we will accelerate our growth and deliver innovative incident management solutions for data privacy and security professionals worldwide. We are extremely excited to partner with Vista to leverage their proven capabilities and resources to rapidly grow our talented team and to build on our commitment to innovation and customer success.”
The investment in RADAR comes from Vista’s Endeavor Fund, which focuses on emerging, high-growth companies with mission-critical enterprise software and data solutions seeking to expand their innovation and impact in the markets they serve. Vista provides these companies and their management teams with access to capital, resources, and a community of experts to advance their missions and lead in their markets.
“RADAR’s solution is uniquely positioned to help organizations navigate ever-changing global data and privacy regulations,” said Rene Yang Stewart, Principal at Vista Equity Partners and Co-Head of the Vista Endeavor Fund. “With the advent of more sophisticated cyber criminals and complex requirements under such laws as GDPR, HIPAA, and PIPEDA, organizations are increasingly burdened with potential non-compliance penalties and data breaches. RADAR offers organizations more in-depth functionality, automation, and workflow tools than any other platform on the market to address these threats. We are thrilled to partner with RADAR to further advance its offering and its expansion into new markets.”
In today’s world of increasingly complex and changing privacy regulations, cyber attacks, and data breaches, leading organizations trust RADAR®, a patented SaaS-based incident response management platform that simplifies and streamlines compliance with data breach laws. The RADAR Breach Guidance Engine™ leads users through an intuitive workflow that profiles and scores data privacy and security incidents and generates incident-specific notification guidelines to help ensure compliance with data breach laws as well as contractual notice obligations. Fortune 100 companies and other organizations from heavily regulated industries in finance, healthcare, insurance, and beyond rely on RADAR for an efficient and consistent process for incident response. Learn more at radarfirst.com.
About Vista Equity Partners
Vista Equity Partners is a U.S.-based investment firm with offices in Austin, San Francisco, Chicago, and Oakland with more than $43 billion in cumulative capital commitments. Vista exclusively invests in software, data and technology-enabled organizations led by world-class management teams. As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realize their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity. For more information, please visit www.vistaequitypartners.com.
SOURCE RADAR, Inc.