Egress Software Technologies, a London, UK-based provider of on-demand Cloud-based email and file encryption services to organizations in the public and private sectors, raised £2.2m in funding from Albion Ventures.
The company will use the funds for growth and worldwide expansion.
Co-founded by Tony Pepper, Chief Executive Officer, Egress launched their SaaS-based information security platform, Egress Switch, in 2009. It leverages a community-based licensing model (known as the Egress Trust Network) to allow recipients to communicate free of charge with paying subscribers.
The solution is used by central government and the NHS, as well as “Third Sector” organizations such as charities, social care providers, housing associations and schools, healthcare providers, including HCA Healthcare and Spire Healthcare.