Frisco-based HITRUST, a provider of information security assurance for risk management and compliance, has received a growth investment from New York-based Brighton Park Capital, an investment firm focused on entrepreneur-led, growth-stage companies in software and healthcare.

The amount of the investment was not disclosed, but the company said it will support HITRUST’s continued expansion and innovation in cybersecurity and information risk assurance amid growing global concerns about cyber threats and regulatory compliance.

HITRUST will continue to be led by CEO Daniel Nutkis.

“We’re thrilled to welcome Brighton Park Capital as a strategic partner,” Nutkis said in a statement. “Their investment and industry expertise will be invaluable as we continue to innovate and expand our offerings to meet the evolving needs of our clients and the broader cybersecurity landscape. Together, we will drive forward our mission to provide comprehensive, certifiable cybersecurity frameworks that set the industry standard.”

The company said the investment will support its continued expansion internationally into new verticals and product areas.

Founded in 2007 by Nutkis, HITRUST has become a leader in the development of comprehensive, innovative solutions that enable organizations to more effectively manage information risk, including cybersecurity, as well as third party and AI risks for organizations across any industry and risk profile.

HITRUST said the investment will fuel continued investment in its core assurance offerings. The investment also will be used to bolster its newer, market-leading innovations in continuous assurance through its cyber threat-adaptive engine, third-party risk management through its Assessment Xchange and ServiceNow integration, and its industry leading AI Risk Management and Security Assessments.

A ‘rapidly evolving’ threat landscape

“The threat landscape is rapidly evolving, and organizations and their key stakeholders are looking for assurance of rigorous cyber controls that adapt to these changes,” Brighton Park Partner Tim Drager said in a statement. “HITRUST is a uniquely credible, neutral standards-setter in cybersecurity—a position earned through rigorous controls, proven effectiveness, and a commitment to continuous improvement far ahead of other standards.”

Brighton Park Partner Kevin Magan added: “We have deep conviction in the company’s mission and strategy. We look forward to partnering with Dan and his team to support the company’s next phase of growth, expanding its best-in-class frameworks and technologies into new verticals and geographies, while preserving the integrity and trust that makes HITRUST exceptional.”

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