Brighton Park Capital invests in HITRUST to advance cybersecurity and information risk assurance

Brighton Park Capital has announced a growth investment in HITRUST, a company focused on information security assurance and risk management. This investment aims to support HITRUST's expansion and innovation in cybersecurity amidst increasing global concerns surrounding cyber threats and regulatory compliance.

CEO Daniel Nutkis will continue to lead HITRUST, and the investment will facilitate spread into new verticals and products. Established in 2007, HITRUST provides solutions that help organizations manage cybersecurity and other information risks across various sectors.

The funding will enhance HITRUST's core assurance offerings and drive growth opportunities as the company adapts to the evolving cybersecurity landscape. This will also support newer innovations within HITRUST, including a cyber threat-adaptive engine and Third-Party Risk Management (TPRM) integration.

Nutkis expressed enthusiasm about the partnership with Brighton Park Capital, recognizing their investment as instrumental in evolving HITRUST's offerings to better serve clients. Tim Drager, a Partner at Brighton Park, emphasized HITRUST's credibility in the cybersecurity space as a neutral standards-setter.

Kevin Magan, another Partner at Brighton Park, stated his intention to support HITRUST's growth while preserving its integrity and trust. The partnership seeks to broaden HITRUST's frameworks and technologies in new markets.

HITRUST has received advisory support from Harris Williams and Katten Muchin Rosenman LLP, whereas Brighton Park was advised by Paul Weiss, Rifkind, Wharton & Garrison LLP.