SaaS Alerts Secures $22M Investment from Insight Partners to Scale SaaS Security Monitoring and Response Platform

WILMINGTON, N.C., Sept. 8, 2022 / PRNewswire — SaaS Alerts,
the cybersecurity company purpose-built for managed service providers
(MSPs) to protect and monetize their customers’ core business SaaS
applications, announced today that it has secured a $22 million growth investment from global software investor Insight Partners to accelerate the growth of its SaaS Security monitoring and response platform.

The accelerated rate of SaaS Application adoption by
businesses, driven by the need to provide collaboration and productivity
tools to remote workforces and for more centralized and tightly
controlled business data resources, has elevated awareness and critical
concern for major threat vectors and security gaps that exist in SaaS
Application security. These security concerns present opportunities for
MSPs to better safeguard their clients while offering SaaS security
services that drive profitable new revenue streams.

SaaS Alerts was designed to help MSPs monitor and protect their
customers’ usage of today’s most popular SaaS applications such as
Microsoft 365, Google Workspace, Salesforce, Dropbox and more — and to
safeguard against security threats to a business’ SaaS environment such
as data theft, data that’s at risk due to unintentional employee mishaps
and actions taken by bad actors.

“We couldn’t be more excited to partner with Insight Partners
and we see their investment in SaaS Alerts as a monumental endorsement
for what we have built and what we intend to build as we collaborate
going forward,” said Jim Lippie, CEO of
SaaS Alerts. “I’m very proud of our team for reaching this milestone and
look forward to working with Insight to continue to build value for our
MSP partners and stakeholders.”

“SaaS applications
have become essential for businesses of every size and MSPs need the
ability to better protect those applications on behalf of their
customers. SaaS Alerts has pioneered SaaS security for MSPs and has a
clear vision for how detecting and correlating abnormal user behavior
can greatly impact the MSP industry,” said Philine Huizing, Principal at
Insight Partners. “We’re excited to partner with SaaS Alerts as the
company scales to address this unique opportunity.”

About SaaS Alerts

SaaS
Alerts is the cybersecurity company purpose-built for MSPs to protect
and monetize customers’ core SaaS business applications. SaaS Alerts
offers a unified, real-time monitoring platform for MSPs to protect
against: data theft, data at risk and bad actors and integrates with the
most popular SaaS Applications. Learn more at www.saasalerts.com.

About Insight Partners

Insight
Partners is a global software investor partnering with high-growth
technology, software, and Internet startup and ScaleUp companies that
are driving transformative change in their industries. As of June 30, 2022, the firm has over $80B
in regulatory assets under management. Insight Partners has invested in
more than 700 companies worldwide and has seen over 55 portfolio
companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv,
and Palo Alto. Insight’s mission is to find, fund, and work
successfully with visionary executives, providing them with practical,
hands-on software expertise to foster long-term success. Insight
Partners meets great software leaders where they are in their growth
journey, from their first investment to IPO. For more information on
Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.

SOURCE: SaaS Alerts

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