Deals

BEW Global gets $14M to protect intellectual property for businesses

Cyber security
Image Credit: Maksim Kabakou/Shutterstock

Information security is a hot commodity.

BEW Global just received a $14 million investment to support continued growth of the company, which protects intellectual property for enterprise level businesses.

Funding the investment was Frontier Capital. And it seems a smart investment, especially since the company saw a 58 percent revenue increase last year.

This rapid growth is what fueled Frontier Capital’s decision to make the investment in the first place. “Our investment will enable BEW to expand its services to meet the ever-growing security needs of organizations,” said Joel Lanik, a partner at Frontier, in a statement.

The folks at BEW Global feel it’s a good match, too. Rob Eggebrecht, president and co-founder of BEW Global said in a statement, “[Frontier] shares our passion for both critical asset protection and nurturing client relationships.”

BEW Global was founded in 2002 by Robert Eggebrecht and Chuck Bloomquist and is based in Greenwood Village, Colorado. It specializes in data and critical asset protection, with a particular emphasis on data loss prevention. This was BEW Global’s first funding round, having been “organically funding” previously, according to its website.

Frontier Capital has a long-standing track record of investing in tech business services in areas with limited local capital — BEW Global is based in Denver. And just last week, Frontier invested $25 million in NetDocuments, a company based in Utah. The growth equity firm is based in North Carolina and was founded in 1999.

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