How Security Plans Impact Business Transactions

Philip Lewis is a Partner with Fulcrum Equity Partners, a company that makes equity investments in rapidly growing businesses. He also currently serves on the Board of Directors for Kevel, Stratasan, Advantum Health, GoPivot, and LiveSource. He previously served on the Boards of Stax by Fattmerchant, MFG, and Resolvion. Before joining Fulcrum Equity Partners, Philip worked with SaaSOptics, implementing operational cadences and working with the team through its nine-figure exit. Prior to this, he served as CFO of RivalHealth and helped guide the company through its merger with gBehavior, now branded as GoPivot. In this episode… There are many factors that impact a business acquisition. During the due diligence process, there are financial, organizational, and leadership details to work out. But now, a new question is joining the list: What is your business' privacy and security strategy? Fifteen years ago, people didn't put much thought into privacy and security when buying or selling a business. They weren't concerned about ransomware and cyber breaches. Now, it's at the forefront of everyone's mind during a transaction. Business owners want to know: What does your security perimeter look like? How effective is your mobile device management? Do you have multi-factor authentication?  In this episode of the She Said Privacy/He Said Security podcast, Justin and Jodi Daniels are joined by Philip Lewis, Partner at Fulcrum Equity Partners, to discuss the importance of a company-wide privacy and security plan. Philip explains how your security plan (or lack thereof) will impact a business transaction, why multi-factor authentication matters, and the first steps to creating a more secure business.