ATLANTA (July 30, 2021) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce that the firm served as legal counsel to SecurEnds, Inc., a cloud-native Identity Governance company, in a $21 million Series A investment led by Elephant Partners, a venture capital firm focused on the enterprise software, consumer internet, and mobile markets. To date, the investment is one of the largest A-rounds in Atlanta’s burgeoning cybersecurity and tech start up ecosystem and comes following a 340% increase in year-over-year annual recurring revenue.
SecurEnds enables the world’s most forward-thinking companies to fully automate user access reviews, entitlement audits, access requests, and segregation of duty. The platform helps organizations save valuable time on implementation and upkeep while reducing audit costs by as much as 60%. To meet rapidly accelerating demand, the funding will be primarily used to scale operations and product development, and for geographic expansion into untapped markets across Europe and Asia. Over the next 12 months, SecurEnds intends to nearly triple its workforce, filling more than 125 sales, marketing, and product engineering roles both in the U.S. and worldwide.
The SGR Atlanta Legal Team included Partner Rett Peaden and Associate Erin Peterson McCallum in the Corporate M&A Practice.
About SecurEnds
SecurEnds provides a cloud born Identity Governance platform with multiple modules. Organizations can effectively manage Credential Entitlement Management (CEM), Access Certifications, Cloud Infrastructure Entitlement Management (CIEM), Access Requests, Identity Risk & Analytics, and Segregation of Duty (SoD). The company is based in Atlanta and is backed by Elephant. For more information, visit www.securends.com.
About Smith, Gambrell & Russell, LLP
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s 250 attorneys provide legal counsel in more than 45 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, construction, employment law, and employee benefits and executive compensation. Founded in 1893, SGR has offices in Atlanta, Austin, Jacksonville, London, Los Angeles, Miami, Munich, New York, Southampton, and Washington, D.C.