MediaPRO has landed more investment and hired a new CEO to grow its platform that helps companies train employees on cybersecurity and best privacy practices.
The Bothell, Wash.-based company today announced a majority growth investment from Frontier Capital, a Charlotte, N.C.-based growth equity firm. The amount was undisclosed, but Frontier typically makes investments in the $15-to-$75 million range. It’s Frontier’s fifth SaaS-related investment over the past ten months.
MediaPRO started back in 1993 as an e-learning platform for enterprises but now focuses on customizable security and privacy training software. Its customers include Expedia, T-Mobile, Oracle, Microsoft, and others who use MediaPRO to keep their employees informed about preventing cybersecurity breaches. Training topics range from general security awareness to GDPR-related courses and cover various industries like healthcare and finance.
“Beyond the training courses, we provide reinforcement of key learning principles and best practices through additional content, including: games, videos, posters, and simulation exercises,” said Tom Pendergast, chief strategist at MediaPRO. “We’re not looking to simply train employees, we’re focused on changing risky behaviors by creating a more risk-aware culture.”
MediaPRO previously raised a $5 million round in 2015, its first infusion of outside capital.
MediaPRO founder Steve Conrad is stepping down as CEO but will remain on the board. He’ll be replaced by Tyler Winkler, who was previously an executive at global cybersecurity company SecureWorks, which was acquired by Dell in 2011 and went public in 2016.
“MediaPRO has experienced tremendous demand and growth as risk mitigation pressure continues to drive adoption of commercial security, privacy, and compliance awareness solutions,” Winkler said in a statement.
The company declined to provide an employee count and total funding to date. It lists more than 110 employees on LinkedIn. Frontier partner Scott Hoch and vice president Dave Pandullo will join the MediaPRO board as a result of the funding.
