Tampa data security provider ReliaQuest to receive $30 million in funding

Published June 7, 2016

Tampa data security company ReliaQuest announced Tuesday that it has won $30 million in funding from a private equity firm.

The money will help ReliaQuest grow its business by expanding its technology offerings and will result in about 50 new jobs.

The New York-based private equity firm FTV Capital has raised $1.8 billion and specializes in funding enterprise technology companies.

Previous coverage: ReliaQuest expands Tampa headquarters, adds up to 55 jobs

"As ReliaQuest enters its next phase of growth, we chose to partner with FTV Capital because of the team's deep domain expertise and a proven ability to help scale high growth companies, especially in highly-fragmented and competitive markets like IT security management," ReliaQuest chief executive Brian Murphy wrote in a statement.

This is the first time ReliaQuest has received outside funding. Founded in 2007, the company sells technology and services that protect clients in the healthcare, retail, utilities, telecom and financial services fields from data breaches. It has offices in Miami, Atlanta, Chicago, Toronto and Virginia.