Private equity firm Thoma Bravo has invested in AppOmni, a security management company and SaaS posture solutions. The Series C funding round, which includes Salesforce’s venture capital arm, raised $ 70 million.
Thoma Bravo’s participation was particularly interesting for MSPs and MSSPs. In fact, the private equity firm already owns MSP-friendly software companies such as ConnectWise, N-able and Sophos.
We’ll be watching to see if AppOmni has the potential to drop into the market from enterprise to engage with SMB-focused MSPs-though we don’t guarantee such a move will happen. After all, Thoma Bravo also invests in many enterprise-class software companies that have no primary focus on MSP.
Meanwhile, startups like Augmentt and SaaS Alerts have already developed SaaS application security solutions that MSPs can use to safeguard Microsoft 365 and other popular cloud applications.
Series C funding will help AppOmni drive product development, grow globally and measure its go-to-market processes, according to a prepared statement. This comes after AppOmni secured $ 40 million in Series B funding in April 2021.
AppOmni Bolsters Partner Program
In conjunction with the addition of Series C funding, AppOmni in May 2022 expanded its Infinity Partner Program to MSSPs, MSPs and other technology providers in Australia and New Zealand. It also updated Infinity’s pricing tiers and offers the following price levels:
- Essentials: Offers components to help organizations comply with SaaS security requirements.
- Enhanced: Provides SaaS security for organizations that already have an existing SaaS security program but want to expand it to support multiple applications, organizations and end-users.
- Enterprise: Delivers SaaS security for organizations that want to implement a SaaS security program that includes multiple apps, organizations, and high end-user numbers.
AppOmni continues to expand its channel presence around the world, the company said. It reported a 4x increase in EMEA partners with 400 percent headcount growth and 5x growth in North American partners in 2021.
A Closer Look at AppOmni
AppOmni offers security management software to help organizations protect their data in SaaS applications, the company says. The software can be used in a variety of SaaS apps, including:
- Meeting place
- Google Workspace
- Microsoft 365
- Service Today
- Working day
In addition, AppOmni offers a platform that allows developers to add security coverage for any SaaS application, the company said. AppOmni also lets organizations establish rules for data access, data sharing and third-party applications that are continuously and automatically validated.
Additional insights from Joe Panettieri.