In late 2016, I got a call from Ted Weissberg, the CEO at risk management training and certification leader ACAMS, who was finishing up what had been a terrific run at that business.
Ted had an unusual proposal for Spectrum … that we should partner up to find the next great company in the online training and workforce development world.
We narrowed our focus to the cyber industry. Cyber has a big, fast-growing, and dynamic end market, which means that professionals need ongoing education to stay current. It also has a well-documented talent gap – employers consistently report 50% of skilled cyber positions are unfilled, and 5M new cyber jobs will be needed to address employer hiring requirements over the coming years.
Spectrum set out on a 12+ month project to reach out to and meet with the best businesses serving this end market… culminating in our investment in OffSec.
In the online training world, the above ‘ingredients’ can sometimes produce a truly special company … one that practitioners covet for its dynamic content that builds their skills and fuels their career growth. And one with that employers look to as the gold standard in online learning partners, helping them hire and maintain highly skilled, well-trained teams.
OffSec is all of these things and more in the cyber world. We’re incredibly fortunate to have partnered with and backed the company over the past 5+ years.
We also want to extend our deep gratitude to talented CEO ning wang, who Spectrum first got to know at portfolio company Lynda.com. Ning brought to OffSec a unique combination of online learning and cyber domain expertise from her time at HackerOne. She helped OffSec assemble a world class management team that has driven many market innovations and has transformed the business into the market leader that it is today.
Today OffSec is announcing the next chapter in its growth story, via a partnership and significant transaction with Leeds Equity.
While Spectrum will no longer be an investor in the business, we’ll be rooting for OffSec, Ning and Leeds going forward and can’t wait to see what they are able to accomplish together. Congrats OffSec!
Parag Khandelwal Cameron Ghorbani
Congratulations to CEO ning wang and the team at OffSec! Over the last 5+ years, we've been privileged to partner with you in building a market-leading online training and workforce development platform, empowering cyber professionals to make the online world safer. Cheers to the next chapter!
https://lnkd.in/gmAqfBCK
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