RYE, N.Y., May 14, 2014 (GLOBE NEWSWIRE) -- CyberRiskPartners, LLC ("CRP" or the "Company") is pleased to announce that Farmington Capital Partners ("FCP") has been appointed financial advisor to assist the Company with a review of potential capital and strategic alternatives. FCP will examine and consider opportunities available to the Company with the objective of further enhancing shareholder value. This will include exploring capital funding and strategic transactions. In addition, FCP is the Program Advisor for CloudInsure, the world's first cloud insurance platform designed to specifically address emerging privacy and security risks within the cloud environment and a wholly-owned subsidiary of the Company. FCP is also an investor in CRP.
David Kimmel, CEO of CRP commented: "We are excited to partner with Farmington Capital Partners. Their industry expertise and position as a leading advisory firm in the insurance sector provide us with strategic, financial and operational expertise to help CRP optimize shareholder value." Scott Cantini, a Partner at Farmington Capital Partners and advisor in the management of CloudInsure said, "Cyber risk management is evolving and growing rapidly. CyberRiskPartners fits our strategy of working with specialty companies that offer unique value-added services to the insurance industry."
About CyberRiskPartners and CloudInsure
CyberRiskPartners, LLC ("CRP") provides decision-support cyber risk data analytics and risk transfer solutions to the insurance, risk management, and cloud computing industries. CRP consists of two operating subsidiaries: CyberFactors, a proprietary cyber risk analytics database that models adverse technology related events and their consequences; and CloudInsure, an insurance program administrator designed to help cloud service providers ("CSPs") transfer operational risk by means of white label insurance products specifically tailored to cover data liability in the cloud environment. CyberFactors and CloudInsure enable risk and cloud professionals to better quantify and insure the data liabilities likely to have a material impact on the financial earnings and reputations of those companies dependent on technology and data.
About Farmington Capital Partners
Farmington Capital Partners ("FCP") is a merchant banking and advisory firm that works with innovative and emerging growth companies in the insurance and risk management markets. The principals of FCP possess a longstanding and successful track record in operations, deal origination, strategic planning, business development, capital funding, due diligence, post deal value creation, and exit strategy execution.