Frisco-based RCS Secure has completed a Series A funding round led by Socii Capital LLC and announced it has rebranded as Third Wave Innovations.
Third Wave Innovations is a privately owned corporation that offers cybersecurity safeguards, managed IT services, and a comprehensive data platform that empowers organizations to experience their own data in new ways. Socii is a California venture investment firm focused on healthcare IT with investments in MedOne, ScriptCyle, and ProviderScience. The amount of the Series A funding was not disclosed.
Third Wave announced that the funding will allow it to grow its customer base and invest in new parts of its core products and services. The company is a provider of managed security, data, and IT services. The rebranding was done as the company looks to expand its offerings and align the company’s strategic growth.
“I am both grateful and humbled with our success and accomplishments as an organization,” Third Wave Innovations CEO Randal Asay said in a statement. “From the inception, the advancement of this company has been built on the partnerships and relationships developed over the past 30 years.”
“The quote ‘If you want to go fast, go alone; if you want to go far, go with others’ describes our past, our present, and our growth in the future!” he adds.
Socii said the firm was impressed with Third Wave as a company.
“Properly securing your IT environment to protect your data and the data of your patients is paramount in today’s healthcare environment. HealthIT care providers throughout the country are struggling to fill critical gaps in IT security needs with limited internal resources.” George Lazenby, a co-founder and partner at Socii Capital, said in a statement.
Socii was introduced to Third Wave Innovations through one of its portfolio companies that uses their services, he says. ” We were immediately impressed with their capabilities, management team and future plans for growth. We are excited to introduce Third Wave to healthcare providers through our network and portfolio companies,” the venture partner said.
Data security is a “vital necessity”
As Third Wave Innovations puts it, “Data security is no longer a luxury.” The company, which serves markets from automotive to manufacturing and retail and healthcare, calls it a “vital necessity” for all the industries the company serves.
From its beginning as RCS Secure, the company said it has been driven to innovate and provide cutting-edge solutions within its competitive market by leveraging its employees, partners, and clients, using technology to create a more secure world. The company said it is committed to accelerating those efforts.
Third Wave said it is investing in additional people, processes, and technology to deliver a broader and more robust set of services to its clients.
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