FairWarning Secures Expansion Capital, Clear Path to Profitability and Success of Paying Production Customers Drives Deal

FairWarning, a leading provider of security information management solutions, announced today that the company has secured $1 MM in growth capital from an investor group led by business leader Lee Arnold Jr.. Under the terms of the agreement, FairWarning has received access to growth capital and provisions for additional investment based on future expansion capital requirements.

ST. PETERSBURG, Fla.–(BUSINESS WIRE)—July 12, 2006– FairWarning, Inc., a leading provider of security information management solutions, announced today that the company has secured $1MM in growth capital from an investor group led by business leader Lee Arnold Jr.. Under the terms of the agreement, FairWarning has received access to growth capital and provisions for additional investment based on future expansion capital requirements.

The company’s flagship solution for proactive healthcare privacy auditing is the first of its kind specifically built to monitor for security incidents related to mission critical business applications involving known users. The company’s primary markets are healthcare and financial services. “We view FairWarning as an investment opportunity with unlimited market potential. The company has successful production customers and an experienced management team which makes it attractive. But, the company’s clear path to profitability at such an early stage made the investment a no-brainer. We are excited to join the FairWarning team and become a financial partner to the company,” said Lee Arnold Jr.

“Mr. Arnold’s business track record speaks for itself. We look forward to having Lee as a trusted business advisor to the company,” said Kurt Long, CEO of FairWarning, Inc. “Lee is a perfect complement to the company’s advisors which includes our Customer Council and Solutions Advisory Board comprising of world-class technology experts across information security, audit, healthcare and financial services.”

To learn more about FairWarning, visit www.FairWarningAudit.com.

 

About FairWarning, Inc.

FairWarning is a leader in solutions that help organizations increase their security responsiveness, automate compliance and reduce associated costs. The company is privately held and is located in St. Petersburg, Florida. To learn more about FairWarning, Inc., visit the company website at www.FairWarningAudit.com or call the company at 1-866-602-8433 (U.S. Toll Free) or +1 727 576 6700 (International).

2017-08-08T14:08:12+00:00