Thu, May 6, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Private Equity Strategies

Data Snapshot - Private Equity CTOs Focus on Security

Wednesday, January 04, 2017

A new survey from Eze Castle Integration, a provider of technology for the financial services industry, asked private equity CTOs what they are concerned about over the next year. Above all, cybersecurity is a key focus area for the industry and IT departments.

Notably, some 70 percent of firms included in the survey reported having some type of cyber issue within the past 12 months, highlighting the need for a more robust security response.

While two-thirds of firms expressed confidence that they are prepared to address cybersecurity risks, cybersecurity budget findings indicate that increased spending is necessary to keep pace with the growing threat landscape.

The survey was conducted in partnership with IDG Research and includes responses from 101 senior-level executives. Findings encompass four primary areas: business priorities, cybersecurity, outsourcing trends and the evolution of the private equity CTO.

Looking ahead, cloud computing was identified by nearly 90% of respondents as a planned investment area, with respondents preferring private cloud solutions over the public cloud.

 
This article was published in Opalesque's Private Equity Strategies our monthly research update on the global private equity landscape including all sectors and market caps.
Private Equity Strategies
Private Equity Strategies
Private Equity Strategies


Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. AssetMark launches customized portfolios on the iCapital platform[more]

    Laxman Pai, Opalesque Asia: AssetMark, the turnkey asset management platform, is offering a new portfolio construction service to RIAs via the iCapital Network platform that services $73 billion in global client assets across more than 760 alternative investment funds. The customized alternati

  2. PE/VC: 'Frustrated' limited partners are questioning PE-sponsored SPACs, European venture reaches all-time high in the first quarter of 2021[more]

    'Frustrated' limited partners are questioning PE-sponsored SPACs From Institutional Investor: It's hard to imagine that private equity firms would have stayed out of the booming business of special-purpose acquisition companies. But private-equity-sponsored SPACs could lead to conflicts

  3. PE/VC: Thoma Bravo's $12.3bn purchase of Proofpoint is the largest private equity cloud deal, Private equity likes sports, but do sports like private equity?[more]

    Thoma Bravo's $12.3bn purchase of Proofpoint is the largest private equity cloud deal From CNBC: Prior to the Proofpoint deal on Monday, the largest cloud acquisition by a private equity firm was the $11 billion purchase of Ultimate Software in 2019. Just last week Thoma Bravo complete

  4. SPACs: Biotech firm Roivant Sciences to go public via $7.3bn SPAC deal, Pearl Energy-backed Streamline Innovations weighs SPAC deal, SPAC crackdown threatens gauzy forecasts that power EV startups[more]

    Biotech firm Roivant Sciences to go public via $7.3bn SPAC deal From Forbes: Seven years ago, Vivek Ramaswamy created Roivant Sciences with the aim of finding a new financial model for drug development. On Monday, Roivant Sciences announced it would be going public by merging with a sp

  5. SPACs: A SPAC-tacular surge, SPAC hot streak put on ice by regulatory warnings, Jim Cramer recommends buying SPAC-target Grab at lower price levels[more]

    A SPAC-tacular surge From FA Magazine: During a period of extreme volatility and a global pandemic, the initial public offering (IPO) market had a spectacular year in 2020 in terms of the number of new listings and proceeds raised, along with the rise in popularity for Special Purpose