StackPath is the intelligent web services platform for security, speed and scale. It is the first platform to unify enterprise security solutions by leveraging collaborative intelligence that makes each service smarter and more secure with every threat detected, in addition to vastly improving the customer experience. More than 1 million customers already use StackPath technology, ranging from early-stage enterprises to Fortune 100 organizations. Headquartered in Dallas, Texas, StackPath has offices across the U.S. and internationally.
StackPath has emerged from stealth as the Security-as-a-Service company providing a path to a more secure internet and announced a significant investment from ABRY Partners, a $4.3 billion private equity fund focused on investing in information and business service companies. The launch marks the highly anticipated next endeavor for chairman and CEO Lance Crosby—founder and former chairman and CEO of SoftLayer Technologies (acquired by IBM in 2013 and now the foundation of IBM’s Cloud Computing division).
StackPath is Crosby’s vision for a frictionless and scalable security platform specifically designed to accommodate the crushing demand of traffic on the internet, the seemingly endless new point solutions purporting to fix the latest threat, in an ever- expanding spectrum of cyber threats. The funds are being used to drive acquisition strategy, further develop the overall infrastructure and add new services, making it a holistic security platform designed to meet the needs of businesses today.
The Internet is where the world does business. It may be the single most important utility supporting businesses today, yet we continue to overtax the aging infrastructure and struggle to make it secure,” said Lance Crosby, CEO of StackPath. “The StackPath platform is an integrated response to a fragmented problem created by too many individual, appliance-based, bolt-on security solutions. It's time to give businesses internet services that have security built in, not bolted on—so they can be reliable guardians of their most precious assets. We appreciate the support from Abry Partners as we continue our mission of building a path to a secure internet.
LANCE CROSBY, esq., Chairman & CEO, StackPath
StackPath is the single, comprehensive security platform that businesses need today. A suite of mission-critical security web services, it will collate and leverage information that each service gathers via a machine learning engine that becomes smarter and more threat-aware with each recorded event. It effectively deputizes each service on the host network with the authority to identify and communicate real-time threats against it to an intelligent data repository, which is actionable not only for StackPath subscribers, but also via an API for application developers, microservices, connected devices and the global Internet of Things.
The most pressing issue facing the enterprise today is the fear of being hacked. Last year, we saw over 400 million identified malware attacks, with the amount of new threats more than doubling up 125 percent from 2014—creating billions of dollars in financial loss globally,” said Robert Westervelt, Analyst and lead of IDC’s data security program. “As organizations reduce their on-premise footprint and consume more resources, I believe holistic platforms like this new offering is an extremely effective option. This approach provides scalability and flexibility, supports hybrid deployments and helps reduce the complexity issues that often exposes sensitive data to attackers.
Robert Westervelt, lead analyst, idc data security program
The new, fully owned security-first network that StackPath has built is made possible by investment firms and private investors. This financial backing allows us to build points of presence to our specifications and not have to rely on shared equipment. Not only is this a network security differentiator but it allows us to protect our physical hardware with multiple layers of biometric locks and additional surveillance.