Cambridge cybersecurity firm gets big investment

A local tech company is growing big time — thanks to a big investment.

eSentire is based in Cambridge right by the 401. It deals in cyber security and has just picked up a nice nine-figure investment.

J. Paul Haynes is the CEO.

Haynes calls the investment “transformational”, allowing them to execute on plans and protect their lead in the market.

He says their investment partner, Warburg Pincus, is betting on their market growing big time.

While the CEO declined to give or confirm the actual figure, reports in the Financial Post and Fortune pus the deal in the $100-million U-S range.

Right now, it has 250 employees, and Haynes says they plan on adding a couple hundred more locally over the next few years.

He tells 570 news “we have advantages being here”, saying it allows them to recruit from the Hamilton and Toronto areas.

He says being here in Canada.. our privacy laws are second to none in the planet.

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