Choate represented Mainsail Partners in its $60 million growth equity investment in FairWarning Technologies.
FairWarning has received a $60 million growth equity investment from Mainsail Partners. FairWarning provides software to protect the health, wealth, and personal information for healthcare, financial services and other businesses with the need to protect sensitive data and support compliance requirements. The company’s industry-leading application security solutions provide data protection and governance for core applications, including Electronic Health Records (EHRs), Salesforce, Office 365 and hundreds of other applications.
FairWarning has remained profitable for the past 10 years, primarily focusing on customer success. This investment will be used to scale and accelerate product innovation and expand the company’s focus on customer success and solving big industry challenges surrounding privacy and security.
Privacy is top of mind for businesses around the world, and FairWarning is focused on protecting against insider threats. The proliferation of cyber-attacks, high-profile breaches and regulatory audits have created a critical need for businesses to monitor how insiders access sensitive business information. FairWarning solutions aim to protect organizations of all sizes and around the world against data theft and misuse through real-time and continuous user activity monitoring and improve compliance effectiveness with complex federal and state privacy laws such as HIPAA, FFIEC, PCI, FINRA, SOX, FISMA and the EU General Data Protection Regulation.
In addition to Michael Anderson, Taylor McKinley, operating partner at Mainsail, and David Farsai, vice president at Mainsail, will join Kurt on the company’s board of directors.
Choate advised with a team including Lee S. Feldman (Picture), Mark A. DeFeo, Mark A. Bellis and Sean M. Monahan.
Law Firms: Choate;
Clients: Mainsail Partners;