Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  National Grid plc    NG.   GB00BDR05C01

NATIONAL GRID PLC

(NG.)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

National Grid : Partners Announces New Investments in Two Security Leaders

share with twitter share with LinkedIn share with facebook
06/03/2020 | 09:41am EDT
National Grid Partners Announces New Investments in Two Security Leaders Jun 03, 2020 - 9:00 AM
LOS GATOS, CA - June 3, 2020 - National Grid Partners(NGP), the investment and innovation arm of National Grid plc (LSE: NG; NYSE: NGG), today announced investments in two leading online security companies whose products help enterprises keep data secure and ward off cyberattacks.

'In these uncertain times, few things are more mission-critical than data security,' said Lisa Lambert, National Grid's Chief Technology and Innovation Officer and the founder and president of National Grid Partners. 'Identifying next-generation security measures and supporting their development and adoption is key to one of National Grid's core commitments: Delivering a safer, more seamless energy future to our millions of customers.'

Launched in late 2018 as the utility industry's first Silicon Valley-based corporate venture group, NGP now has invested $154 million in 19 startups, plus three strategic funds in the US, UK, and Israel. NGP is the lead investor in more than half its deals, including both announced today.

Its newest portfolio additions are:

  • 1touch.io, a provider of data discovery, privacy, and security solutions. Headquartered outside New York City, the company offers network-based data discovery that lets enterprises identify - in a continuous, automated manner - all internal repositories of sensitive data, enabling heightened security and compliance. NGP led the $14 million Series A round with Jerusalem Venture Partners, in which NGP also is an investor.
  • RiskIQ, a Silicon Valley-based cybersecurity company whose customers include Amazon, Facebook, Disney and eight of the 10 largest financial institutions in the U.S. RiskIQ helps Fortune 500 companies and large government agencies manage their attack surfaces by enabling them to discover unknowns and investigate threats outside the firewall, where the vast majority of cyberattacks originate. The $15M Series D round also includes Summit Partners and Battery Ventures, among others.

'The founders of these companies are pioneers of security and online commerce, with nearly 100 years of combined experience,' Lambert said. 'We're proud to add them to our team and excited to help them reach the next stage in their growth.'

RiskIQ CEO and cofounder Lou Manousos called NGP's investment 'an incredible opportunity to help customers in new markets understand and protect their digital attack surfaces as they expand outside the firewall, especially as business becomes remote amid the COVID-19 pandemic.' RiskIQ recently launched a COVID-19 Internet Intelligence Gateway, which provides intelligence to the cybersecurity community fighting a spike in pandemic-related cybercrime. It also gives them access to RiskIQ's global discovery network to analyze suspicious COVID-19-related URLs.

1Touch.io notesthat with millions of office workers now confined to their homes amid the global pandemic, enterprises have little insight into how customer data is used, stored, transmitted, and protected. 'Organizations today need a granular understanding of the flows of their protected data,' said CEO and co-founder Zak Rubinstein. 'Privacy, security, governance, and business intelligence have been hampered by recent global events.'

The investment news coincided with Lambert's appearance at the Global Corporate Venturing Digital Forum, a virtual gathering of more than 400 venture capitalists, universities, government officials, and startups. GCV leaders announced at the event that Lambert will chair the group's new Energy Council as well as its annual Innovation Summit, currently scheduled for January in Monterey, Calif.

**************************************

About National Grid Partners

National Grid Partners (NGP) is the venture investment and innovation arm of National Grid plc., one of the largest investor-owned energy companies in the world. NGP invests for strategic and financial impact and leads companywide culture transformation efforts. The organization provides a multi-functional approach to building startups, including innovation (new business creation), incubation, corporate venture capital, business development, and culture acceleration. NGP is headquartered in Silicon Valley and has offices in Boston, London, and New York. Visitngpartners.com or follow us on Twitter (@ngpartners_).

Media contact

Peter Delevett

peter.delevett@nationalgrid.com, +1.669.210.5059 (m)

About National Grid

About National Grid: National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions.

For more information, please visit our website, follow us on Twitter, watch us on YouTube, friend us on Facebook, and find our photos on Instagram.

Disclaimer

National Grid plc published this content on 03 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2020 13:40:04 UTC

share with twitter share with LinkedIn share with facebook
Latest news on NATIONAL GRID PLC
04:11aNATIONAL GRID : starts construction on UK-Denmark electricity link
RE
07/10NATIONAL GRID : Crews Making Underground Cable Repairs to Restore Power to 8,000..
PU
07/10South Africa's Eskom implements first power outages in months
RE
07/09EUROPE : European stocks slide as Wall Street hit by virus surge
RE
07/09SSE, National Grid 'Disappointed' After Ofgem's GBP25 Billion Investment Plan
DJ
07/09NATIONAL GRID : 09 Jul 2020 Ofgem's Draft Determination for RIIO-T2
PU
07/09UK regulator proposes network overhaul for green energy drive
RE
07/08NATIONAL GRID : Credit Suisse gives a Buy rating
MD
07/03NATIONAL GRID : Crews Working to Restore Power After Severe Lightning, High Wind..
PU
07/02KOHALA HYDRO POWER PROJECT AGREEMENT : Omar Ayub
AQ
More news
Financials
Sales 2021 15 361 M 19 347 M 19 347 M
Net income 2021 1 856 M 2 338 M 2 338 M
Net Debt 2021 30 829 M 38 829 M 38 829 M
P/E ratio 2021 16,6x
Yield 2021 5,71%
Capitalization 30 574 M 38 657 M 38 507 M
EV / Sales 2020
EV / Sales 2021 4,00x
Nbr of Employees 23 069
Free-Float 92,5%
Chart NATIONAL GRID PLC
Duration : Period :
National Grid plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NATIONAL GRID PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 1 010,12 GBX
Last Close Price 871,00 GBX
Spread / Highest target 37,8%
Spread / Average Target 16,0%
Spread / Lowest Target -8,15%
EPS Revisions
Managers
NameTitle
John Mark Pettigrew Chief Executive Officer & Executive Director
Peter Oliver Gershon Chairman
Andrew Jonathan Agg Chief Financial Officer & Executive Director
Adriana Karaboutis Group Chief Information & Digital Officer
Paul Golby Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
NATIONAL GRID PLC-7.76%38 657
ORSTED A/S23.69%54 347
SEMPRA ENERGY-21.33%34 863
ELECTRICITÉ DE FRANCE-6.91%32 400
ENGIE-24.10%29 840
E.ON SE5.42%29 616