We’re excited to announce that Lighter Capital portfolio company RedSpin, a leading provider of HIPAA IT security analysis, was recently acquired by Auxilio, another market leader in IT security services for the healthcare industry.
We provided two rounds of financing to RedSpin, totaling $750,000, from November 2013 to August of 2014. We funded them because they were uniquely positioned to provide the kind of security services that healthcare companies and organizations just can’t skimp on.
“Redspin CEO Dan Berger did a great job guiding the company through the acquisition process,” says Lighter Capital CEO BJ Lackland. “It’s great when others see the value we did and invest in one of our portfolio companies. We wish Dan, the RedSpin team, and Auxilio all the best for a bright future together.”
We’re happy that our funding helped Redspin expand its customer base, which has grown to more than 135 hospitals and more than 1000 clinics, and happy that their acquisition will position them to reach even more customers who need their services.