As Former Chief Info Safety Officer at Common Motors and Hewlett Packard, with world cyber accountability at Dell, Armour Brings A long time of First-Hand Experience
NEW YORK, Sept. 30, 2022 /PRNewswire/ — Option3, a specialist cybersecurity non-public fairness agency that mixes a heritage within the nationwide safety neighborhood with many years of experience within the funding business, introduced as we speak that business veteran Wealthy Armour has joined its Know-how Board. On this function, Armour will supply perception and strategic course on the agency’s funding technique. This appointment comes at a time of development for Option3 with its C2 mid-market Cybersecurity Non-public Fairness fund in addition to targeted investments in precedence areas that span from insurance coverage to army contracting.
Armour brings firsthand information of the challenges confronted by Chief Info Safety Officers (CISO), having served within the place at Common Motors from 2010 to 2012, and at Hewett Packard from 2014 to 2019. Armour additionally served in an identical world cyber function as Info Know-how Director for Dell Computer systems from 2000 to 2005.
“Wealthy brings an actual world CISO perspective that may solely come from many years on the entrance line of cybersecurity,” stated Manish Thakur, Founder and Managing Accomplice of Option3. “He joins us at an necessary time for Option3 as we set methods and assessment investments for our C2 cyber mid-market fund. We particularly honor his service within the U.S. Air Pressure, significantly given as we speak’s extra hostile world setting, and our personal elevated funding within the protection sector.” Thakur famous that Armour served in the USA Air Pressure for 20 years from 1972 to 1992, the place he led the group which developed the primary Division of Protection-wide customary IT structure.
“I’m more than happy to be becoming a member of the Option3 group, significantly because the Know-how Board units methods for the C2 Fund and scales up alternatives in precedence areas equivalent to protection the place I can add worth,” stated Armour. “Option3’s method to the market is predicated on the sensible wants of the CISO, not the technologist, and that is mirrored in its concentrate on the mid-market the place the champions and platforms of tomorrow will probably be created.”
Option3 is a specialist cybersecurity non-public fairness agency primarily based in New York and Reston, Virginia that mixes expertise from the categorized world of U.S. nationwide safety with many years in investing, capital markets, and M&A. Since 2015, Option3 has invested in quite a lot of revolutionary firms throughout the cyber ecosystem, largely by way of two funding portfolios. It’s presently “advance investing” out of its new “C2” cybersecurity non-public fairness fund. In contrast to the enterprise investing of most cyber funds, C2 will take management positions in mid-market firms, rising them to scale. The Fund will leverage the C-suite operational expertise of the Option3 group together with Chief Monetary, Advertising and marketing, Know-how, and Danger Administration positions. Option3’s funding technique is knowledgeable by its longstanding Know-how Board, which spans the previous Chief Info Officer of the CIA to the previous CIO at Division of Protection, and an Advisory Council led by a former CEO of Lehman Brothers. For extra info, please go to www.option3.com.