WILMINGTON, N.C., Sept. 8, 2022 / PRNewswire SaaS Alerts,the cybersecurity company purpose-built for managed service providers(MSPs) to protect and monetize their customers' core business SaaSapplications, announced today that it has secured a $22 million growth investment from global software investor Insight Partners to accelerate the growth of its SaaS Security monitoring and response platform.

The accelerated rate of SaaS Application adoption bybusinesses, driven by the need to provide collaboration and productivitytools to remote workforces and for more centralized and tightlycontrolled business data resources, has elevated awareness and criticalconcern for major threat vectors and security gaps that exist in SaaSApplication security. These security concerns present opportunities forMSPs to better safeguard their clients while offering SaaS securityservices that drive profitable new revenue streams.

SaaS Alerts was designed to help MSPs monitor and protect theircustomers' usage of today's most popular SaaS applications such asMicrosoft 365, Google Workspace, Salesforce, Dropbox and more and tosafeguard against security threats to a business' SaaS environment suchas data theft, data that's at risk due to unintentional employee mishapsand actions taken by bad actors.

"We couldn't be more excited to partner with Insight Partnersand we see their investment in SaaS Alerts as a monumental endorsementfor what we have built and what we intend to build as we collaborategoing forward," said Jim Lippie, CEO ofSaaS Alerts. "I'm very proud of our team for reaching this milestone andlook forward to working with Insight to continue to build value for ourMSP partners and stakeholders."

"SaaS applicationshave become essential for businesses of every size and MSPs need theability to better protect those applications on behalf of theircustomers. SaaS Alerts has pioneered SaaS security for MSPs and has aclear vision for how detecting and correlating abnormal user behaviorcan greatly impact the MSP industry," said Philine Huizing, Principal atInsight Partners. "We're excited to partner with SaaS Alerts as thecompany scales to address this unique opportunity."

About SaaS Alerts

SaaSAlerts is the cybersecurity company purpose-built for MSPs to protectand monetize customers' core SaaS business applications. SaaS Alertsoffers a unified, real-time monitoring platform for MSPs to protectagainst: data theft, data at risk and bad actors and integrates with themost popular SaaS Applications. Learn more at http://www.saasalerts.com.

About Insight Partners

InsightPartners is a global software investor partnering with high-growthtechnology, software, and Internet startup and ScaleUp companies thatare driving transformative change in their industries. As of June 30, 2022, the firm has over $80Bin regulatory assets under management. Insight Partners has invested inmore than 700 companies worldwide and has seen over 55 portfoliocompanies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv,and Palo Alto. Insight's mission is to find, fund, and worksuccessfully with visionary executives, providing them with practical,hands-on software expertise to foster long-term success. InsightPartners meets great software leaders where they are in their growthjourney, from their first investment to IPO. For more information onInsight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.

SOURCE: SaaS Alerts

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SaaS Alerts Secures $22M Investment from Insight Partners to Scale SaaS Security Monitoring and Response Platform - DARKReading