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Runway Growth Finance Corp. Provides Fourth Quarter 2023 Portfolio Update

Retrieved on:

Thursday, January 11, 2024

Stroke, Uterine fibroid, Credit, Growth, GPS, Investment, Communication, Synack, Bombora, Snag (website), Partial, Completion, Health, Security (finance)

“Runway Growth generated strong momentum during the fourth quarter, capitalizing on investment opportunities as green shoots emerged in the origination environment,” said Greg Greifeld, Acting Chief Executive Officer of Runway Growth, and Deputy Chief Investment Officer and Head of Credit of Runway Growth Capital LLC.

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“Runway Growth generated strong momentum during the fourth quarter, capitalizing on investment opportunities as green shoots emerged in the origination environment,” said Greg Greifeld, Acting Chief Executive Officer of Runway Growth, and Deputy Chief Investment Officer and Head of Credit of Runway Growth Capital LLC.
Runway Growth’s creative financing solutions and strategic growth capital will fill a void for borrowers seeking non-dilutive alternatives to a challenging fundraising environment.”
In the fourth quarter of 2023, Runway Growth funded eight investments: three investments in new portfolio companies and five investments in existing portfolio companies.
During the fourth quarter ended December 31, 2023, Runway Growth experienced two prepayments totaling $61.7 million and scheduled principal amortization of $0.3 million.
As of December 31, 2023, the Runway Growth portfolio included 31 debt investments to 29 portfolio companies and 76 equity investments in 48 portfolio companies, including 25 portfolio companies where Runway Growth holds both a debt and equity investment.

Synack State of Vulnerabilities Report Reveals Top 2022 Security Flaws

Retrieved on:

Tuesday, April 25, 2023

SRT, OWASP, SQL, Risk, XSS, Organization, Medical device, Cryptocurrency, Risk management, Synack

REDWOOD CITY, Calif., April 25, 2023 /PRNewswire/ -- Synack, the premier security testing platform, today released its inaugural State of Vulnerabilities report highlighting the top three software flaws found by the company's global network of elite security researchers.

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REDWOOD CITY, Calif., April 25, 2023 /PRNewswire/ -- Synack, the premier security testing platform, today released its inaugural State of Vulnerabilities report highlighting the top three software flaws found by the company's global network of elite security researchers.
Broken access control issues posed the most common risk to Synack customers last year, making up 39% of all vulnerabilities discovered during pentesting engagements, according to the report.
Injection flaws – including cross-site scripting (XSS) and SQL vulnerabilities – came in second as researchers routinely found ways to bypass perimeter defenses.
"Our first-ever State of Vulnerabilities report underscores the importance of continuous security testing to fix these gaps and address their root causes before they lead to a costly breach."

Runway Growth Finance Corp. Provides First Quarter 2023 Portfolio Update

Retrieved on:

Thursday, April 6, 2023

WOODSIDE, Calif., April 06, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the first quarter ended March 31, 2023.

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WOODSIDE, Calif., April 06, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the first quarter ended March 31, 2023.
“Runway Growth is well positioned to execute its patient and disciplined lending strategy to late-stage growth companies,” said David Spreng, Founder and CEO of Runway Growth.
In the first quarter of 2023, Runway Growth funded seven new investments in existing portfolio companies.
As of March 31, 2023, the Runway Growth portfolio included 59 debt investments and 55 equity investments (which includes warrants received in conjunction with debt investments) in 49 portfolio companies.

Synack Hires Chief Revenue Officer to Accelerate Global Growth

Retrieved on:

Tuesday, March 7, 2023

BA, Growth, EMC, Economics, Pivotal Software, Organization, Sun Microsystems, Kalamazoo College, Management, Greenplum, Synack

REDWOOD CITY, Calif., March 7, 2023 /PRNewswire/ -- Synack, the premier security testing company, announced the hire of Alex Luttschyn as Chief Revenue Officer.

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REDWOOD CITY, Calif., March 7, 2023 /PRNewswire/ -- Synack, the premier security testing company, announced the hire of Alex Luttschyn as Chief Revenue Officer.
Alex will oversee the company's sales and customer success functions, driving adoption of the Synack platform to improve customers' security testing programs worldwide.
"Alex is the right leader to bring us to the next phase of growth, and we're thrilled to welcome him to the team as our customers grapple with skyrocketing vulnerabilities," said Synack CEO and co-founder Jay Kaplan.
His experience running global teams such as in Europe – Synack's second-largest customer territory – will be critical as we continue to expand."

Ordr Appoints Cybersecurity Leader and Industry Expert Jim Hyman as CEO

Retrieved on:

Wednesday, November 2, 2022

SANTA CLARA, Calif., Nov. 2, 2022 /PRNewswire/ -- Ordr, the leader in connected device security, announced today that Jim Hyman has been appointed Chief Executive Officer (CEO) and member of the company's Board of Directors. With more than 25 years of deep experience in cybersecurity and technology, and a proven record of scaling and operating companies for growth, Hyman will use his experience to continue building a world-class organization as the company enters a new phase of growth. Hyman was most recently Chief Operating Officer at Synack, VP Sales at Trusteer prior to its acquisition by IBM, and spent four years as the VP of Sales at Zscaler. Hyman succeeds Greg Murphy as CEO, who is leaving to pursue other interests, but will remain an advisor to the company.

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SANTA CLARA, Calif., Nov. 2, 2022 /PRNewswire/ -- Ordr , the leader in connected device security, announced today that Jim Hyman has been appointed Chief Executive Officer (CEO) and member of the company's Board of Directors.
Hyman succeeds Greg Murphy as CEO, who is leaving to pursue other interests, butwill remain an advisor to the company.
Former Synack COO joins Ordr to lead company through accelerating demand for connected device visibility and security.
"Jim's background in cybersecurity and his experience across sales, business development and operations make him the perfect leader to accelerate Ordr's growth.

Synack Expands Security Platform with Adversarial API Pentesting

Retrieved on:

Monday, October 31, 2022

API, Noise, United States Navy Special Projects Office, Multimedia, National, Global 2000, United States Department of Defense, App Store (iOS/iPadOS), Gartner, Documentation, Organization, National Security Agency, OWASP, Medical device, Fine chemical, Online shopping, Synack, Silicon

REDWOOD CITY, Calif., Oct. 31, 2022 /PRNewswire/ -- Synack, the premier security testing platform, has launched an API pentesting capability powered by its global community of elite security researchers.

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REDWOOD CITY, Calif., Oct. 31, 2022 /PRNewswire/ -- Synack, the premier security testing platform, has launched an API pentesting capability powered by its global community of elite security researchers.
Organizations can now rely on the Synack platform for continuous pentesting coverage across "headless" API endpoints that lack a user interface and are increasingly exposed to attackers.
Synack enables organizations to verify exploitable API vulnerabilities like broken authorization and authenticationnoted in the OWASP API top 10 can't be abused by malicious hackers.
Of the Synack Red Team's over 1,500 global members, only those with proven API testing skills are activated on API requests, reducing noise.

Spin Technology Expands Leadership Team to Support Rapid Growth

Retrieved on:

Tuesday, October 4, 2022

The new appointments will support Spin Technologys rapid growth and comes on the heels of its recent $16 million Series A round of financing, which was led by Blueprint Equity .

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The new appointments will support Spin Technologys rapid growth and comes on the heels of its recent $16 million Series A round of financing, which was led by Blueprint Equity .
Spin Technology continues to succeed in the enterprise space and has very ambitious goals for 2023.
Additionally, Nick Harrahill joined Spin Technology as Director of Enterprise Customer Support and will manage a team of representatives offering customer support and sales engineering services.
Spin Technology continues to grow and seeks smart, talented, and proactive professionals to join its team.

Synack Joins the Microsoft Intelligent Security Association, Bringing the Power of Continuous and on Demand Security to Microsoft Azure

Retrieved on:

Tuesday, September 13, 2022

REDWOOD CITY, Calif., Sept. 13, 2022 /PRNewswire/ -- Synack, a premier platform for on-demand security expertise, announced that it has joined the Microsoft Intelligent Security Association (MISA) and is available through integration with Microsoft Sentinel, giving enterprises globally seamless access to a worldwide network of top security researchers working around the clock to protect their cloud assets.

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Microsoft Sentinel is a cloud-native, security information event management (SIEM) and security orchestration automated response (SOAR)solution designed to reduce unnecessary friction in the vulnerability remediation process.
It also provides early threat detection and rapid response to sophisticated attacks to facilitate shorter resolution times and lower the number of security incidents.
By extending Microsoft's security capabilities across the ecosystem, we help our shared customers to succeed," said Maria Thomson, Microsoft Intelligent Security Association Lead.
Synack will deliver insights through its Microsoft Sentinel integration, enabling security teams to correlate these findings with Microsoft Sentinel datato gain end-to-end visibility, comprehensively investigate andtake action on threats.

Cybersecurity Researchers to Test New Remote Ballot Printing System from Democracy Live

Retrieved on:

Tuesday, June 14, 2022

Disability, CEO, Democracy, Multimedia, Geography, Government, Technology, BBC Online, Online gambling, Online shopping, Synack

Beginning in 2022, over 1,500 cybersecurity researchers will be testing a new technology from Democracy Live that allows voters who are unable to vote on a paper postal ballot, due to geography or disabilities, to access, mark and return their ballot.

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Beginning in 2022, over 1,500 cybersecurity researchers will be testing a new technology from Democracy Live that allows voters who are unable to vote on a paper postal ballot, due to geography or disabilities, to access, mark and return their ballot.
Democracy Live, the nation's leading provider of remote balloting technologies, has teamed with Synack, the premier on-demand security platform for continuous penetration testing to test the Democracy Live "OmniBallot" remote ballot marking and printing system.
Under the agreement between Democracy Live and Synack, 1,500 independent cybersecurity researchers will have access to the OmniBallot balloting portal to continuously test the OmniBallot remote ballot printing portal.
"We also believe in Democracy Live's mission of expanding the vote securely to as many eligible voters as possible.

Synack launches paid mentorship program to boost skills, increase diversity in cybersecurity

Retrieved on:

Tuesday, June 7, 2022

REDWOOD CITY, Calif., June 7, 2022 /PRNewswire/ -- Synack, the premier on-demand security platform for continuous penetration testing and vulnerability management, today is launching an innovative paid mentorship program for members of its Synack Red Team, the world's most-trusted community of security researchers.

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REDWOOD CITY, Calif., June 7, 2022 /PRNewswire/ -- Synack , the premier on-demand security platform for continuous penetration testing and vulnerability management, today is launching an innovative paid mentorship program for members of its Synack Red Team , the world's most-trusted community of security researchers.
The program will encourage all SRT researchers to make themselves available for mentorship and pay for their time teaching others on the platform.
Synack will partner with Hack The Box, an online cybersecurity training platform, to extend additional training opportunities to the community and inject new skills into the SRT mentorship pipeline.
The SRT Mentorship Program started as a pilot project in late 2021 to formalize efforts to help SRT train and educate each other on the platform.