Providence Equity

Providence Strategic Growth Invests in DivvyCloud

DivvyCloud Raises $19 Million to Automate Cloud Security and Compliance

Investment to Fuel Innovation in Cloud Security and Support Growing Customer Demand

ARLINGTON, Va., May 1, 2019 --DivvyCloud, a leading provider of security and compliance automation for public cloud and container infrastructure, today announced a $19 million growth round, bringing its total capital raised to date to $29 million. This round was led by Providence Strategic Growth with follow-on investments from existing investors MissionOG and RTP Ventures. The added investment allows DivvyCloud to make specific technological advancements to its cloud security and compliance solution, as well as expand sales and marketing efforts and customer success programs to meet rapidly increasing demand.

“In a quickly maturing market, DivvyCloud has demonstrated a unique value proposition for enterprises leveraging the public cloud,” said John R. Marquis, Principal, Providence Strategic Growth.

“Most enterprise companies are implementing a multi-cloud strategy and require a platform that allows them to fully embrace self-service access without losing control,” said Brian J. Shin, Managing Director, Providence Strategic Growth. “In the cloud era, security cannot be an impediment to innovation. Importantly, DivvyCloud delivers a strategy for companies to have their cake and eat it too - unrestricted access to cloud services for developers to drive innovation and a robust approach to improving security and compliance. The impact of DivvyCloud’s best-in-class software platform has been proven by impressive customer adoption and retention.”

DivvyCloud was founded in 2013 with a vision of empowering enterprises to give developers the freedom to innovate through self-service access to cloud services while at the same time enhance security and compliance. Building upon its industry-leading solution, DivvyCloud will leverage the infusion of capital to innovate its product offerings, including extending policy enforcement capabilities into the continuous integration/continuous delivery (CICD) pipeline and deepening integrations with key third-party solutions to enhance orchestration.

“Data breaches caused by misconfigurations of public cloud services have been dominating headlines in 2019 and are costing enterprises millions of dollars, needlessly,” said Brian Johnson, CEO and co-founder, DivvyCloud. “DivvyCloud is uniquely positioned, with our approach to automation that uses real-time remediation to allow enterprises to fully realize the benefits of public cloud and container adoption without the risk of misconfigurations and other common security and compliance issues. With this funding, we intend to deliver specific product advancements; strengthen support for containers, cloud identity, and serverless; and broaden our market penetration to benefit companies around the globe. Our goal is to enable every enterprise in the world to be able to confidently and securely embrace cloud services to drive rapid innovation.”

Headed by a strong leadership team, DivvyCloud has doubled its customer base in the last 12 months, including adding marquee customers Kroger, CoStar and Pizza Hut. The company has also doubled its staff in the past year, including adding key executive hires Scott Totman as head of engineering and product development, and Rick Juneja as head of customer success. Brian J. Shin, Managing Director of Providence Strategic Growth, has also joined DivvyCloud’s board of directors.

Further validating DivvyCloud’s market position, the company was named the Editor’s Choice Winner in Cloud Security by Cyber Defense Magazine in the 2019 Infosec Awards and was a winner in Cloud Security in the Cybersecurity Product category in the 2019 Cybersecurity Excellence Awards.

“The majority of our direct competitors have been acquired by large conglomerates, leaving DivvyCloud uniquely positioned as a well-funded company exclusively focused on driving innovation in the cloud security posture management category,” continued Johnson. “Enterprises continue to turn to our best-in-class software platform for a secure and compliant approach to operating cloud and container services.”

About DivvyCloud

DivvyCloud helps enterprise customers improve security, take control, and minimize risk as they embrace the dynamic, self-service, nature of public cloud and container infrastructure. With DivvyCloud, security, GRC, and operations professionals can identify risks in real-time and take automatic, user-defined action to fix problems before they're exploited. Customers run DivvyCloud's software to achieve continuous security governance in cloud and container environments. Freedom is good. Chaos is bad. To learn more:

About Providence Strategic Growth Capital Partners L.L.C.

Providence Strategic Growth (“PSG”) is an affiliate of Providence Equity Partners (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence is a premier global asset management firm that pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm's inception in 1989, Providence has invested in more than 180 companies and is a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information on PSG, please visit, and for more information on Providence, please visit


Emily Ashley
PR for DivvyCloud

Andrew Cole
PR for PSG 212.687.8080

Providence Equity Partners Agrees to Sell its Economic Interest in KIN to Protelindo

Protelindo to Become Sole Shareholder in KIN Upon Closing

LONDON and JAKARTA, March 21, 2018 – Providence Equity Partners (“Providence”), a premier global private equity firm, today announced that it has entered into definitive agreements to divest its economic interest in PT Komet Infra Nusantara (“KIN”), a leading integrated telecommunications infrastructure provider in Indonesia, to PT Profesional Telekomunikasi Indonesia (“Protelindo”). In 2014, Providence made the investment in PT Telekom Infranusantara, a subsidiary of PT Nusantara Infrastructure (“PTNI”), which is also selling its stake in KIN to Protelindo. Together with PTNI, Providence founded KIN and oversaw its stable growth into one of the region’s leading independent providers of telecommunications services.

About PT Komet Infra Nusantara (“KIN”)

PT Komet Infra Nusantara (KIN) is an established telecommunications infrastructure provider in Indonesia and currently owns approximately 1,400 towers and more than 2,000 tenants. For more information, please visit

About Providence Equity Partners (“Providence”)

Providence is a premier global private equity firm with more than $54 billion in capital under management. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm's inception in 1989, Providence has invested in more than 160 companies and is the leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information, please visit

About PT Profesional Telekomunikasi Indonesia ("Protelindo")

PT Sarana Menara Nusantara Tbk. ("SMN") was established in June 2008 with a primary focus to invest in operating companies that specialize in owning and operating telecommunication towers for wireless operators. SMN's activities are conducted through itssubsidiary, PT Profesional Telekomunikasi Indonesia ("Protelindo"). Protelindo was established in January 2003 and has become the largest-independent owner and operator of towers for wireless operators in Indonesia. Protelindo's primary business is leasing space at its multi-tenant tower for all major wireless operators in Indonesia under long term lease agreements. Protelindo owns and operates over 14,500 towers in Indonesia. On March 8, 2010, SMN completed an initial public offering of its shares and is now listed on the Indonesian Stock Exchange (IDX) under the ticker symbol "TOWR".

Media Contacts:

Providence Equity Partners

Andrew Cole

Conrad Harrington

Sard Verbinnen & Co.

T: +1 212 687 8080/ +44 (0)20 3178 8914


Volia Cable and SigmaBleyzer merge to form pre-eminent Ukrainian cable provider

With operations in over 15 of Ukraine`s largest cities

Volia Cable (Aquorn Limited) and SigmaBleyzer`s regional cable operations (Oisiw Limited) are merging to form Ukraine`s pre-eminent cable provider with operations in over 15 of Ukraine`s largest cities. As a result of the merger, the combined business, to be named Volia Limited, will provide television service as well as high-speed Internet access to over 2.5 million Ukrainian households, according to Business Wire.

In a separate transaction, Providence Equity Partners, the world`s leading media and communications private equity firm, is making an additional investment in Volia bringing its total investment in the combined entity to over US$300 million. The transaction has been approved by the Antimonopoly Committee of Ukraine.

"We are very pleased to extend our partnership with Providence, a leading private equity investor and one of the largest and most experienced owners of media and communications companies globally," said Michael Bleyzer, President and CEO of SigmaBleyzer. "Merging our two cable businesses makes a lot of strategic sense and will allow us to provide best in class service from a unified operating platform to our subscribers. We see Providence`s increased investment in Ukrainian cable also as a vote of confidence in the Ukrainian economy."

"The combination of Volia Cable and SigmaBleyzer`s regional cable operations creates a cable company uniquely positioned to meet the rapidly expanding demand in Ukraine for the most advanced television and broadband services," said Jonathan M. Nelson, Providence Chief Executive Officer. "We are pleased to expand our commitment to Volia and look forward to continuing to work with Michael and Sergey and their teams to build value at Volia over the long-term."

Sergey Boyko, President of Volia Cable, will be leading the combined business and said: "I see tremendous potential in the combined operations. We now have the platform and scale to build a unified cable brand across Ukraine and bring to the regional cities the same level and quality of service that our subscribers in Kyiv have come to rely upon."

Goldman Sachs International acted as financial advisor to Oisiw Limited.

About Providence Equity Partners Inc.

Providence Equity Partners is the leading global private equity firm specializing in equity investments in media, entertainment, communications and information companies around the world. The principals of Providence manage funds with approximately $22 billion in equity commitments and have invested in more than 100 companies operating in over 20 countries since the firm`s inception in 1989. Significant investments include Bell Canada, Bresnan Broadband Holdings, Casema, Com Hem, Digiturk, Education Management Corporation, eircom, FreedomCommunications, Hulu, Idea Cellular, Kabel Deutschland, Metro-Goldwyn-Mayer, NexTag, Ono, Open Solutions, PanAmSat, ProSiebenSat.1, Recoletos, TDC, Univision, VoiceStream Wireless, Warner Music Group, Western Wireless and Yankees Entertainment and Sports Network. Providence is headquartered in Providence, RI (USA) and has offices in New York, Los Angeles, London, Hong Kong and New Delhi.

About Volia Limited

Volia Limited is the number one cable TV and Broadband Internet provider in Ukraine. As a result of the merger, the combined entity will have about 2.5 million homes passed and 1.8 million RGUs. Volia Limited provides services such as analog cable TV, digital cable TV, high-speed cable Internet access, VoIP and data services. New services, such as VoD and PPV, are under development and will be implemented in the future.

Volia Limited was created through the consolidation of a number of companies acquired by SigmaBleyzer over the past few years. Since acquisition, Volia has worked on integrating and upgrading the activities of the original cable operators.

About SigmaBleyzer

Operating in the region for over a decade, SigmaBleyzer is one of the largest and most experienced private equity investors in Eastern Europe. With the strength of the company`s local infrastructure, western-style management and knowledge of local markets, SigmaBleyzer has created one of the best investment management companies in the region. SigmaBleyzer manages funds and special purpose investment vehicles with approximately $1 billion in commitments and has made investments in over 100 companies in Ukraine since 1994.

As a manager of a family of private equity funds currently investing in Ukraine, Romania, Bulgaria and Kazakhstan, SigmaBleyzer utilizes a hybrid investment approach developed specifically for emerging markets and focused on simultaneous value creation at the micro or enterprise level and at the macro level. Because of this unique approach and strong on-the-ground presence in a region where many of its investors could not have invested directly, SigmaBleyzer brings one of the most attractive pipelines of investment opportunities found anywhere to its client base.

With offices in Kyiv and Kharkiv (Ukraine); Sofia (Bulgaria), Bucharest (Romania), Astana (Kazakhstan), and a back office in Houston, Texas, SigmaBleyzer has the infrastructure in its countries of operation to successfully manage portfolio companies to help them reach their full potential, while creating value for the investors, shareholders, employees and other stakeholders.