Workshare, a global provider of secure enterprise file sharing and collaboration applications, has entered into an $8.4m credit facility with the Technology Finance Division of Wells Fargo Capital Finance, part of Wells Fargo Bank.
This increase the company’s $33.8m in funding raised from Business Growth Fund and Scottish Equity Partners, which was closely followed by the its merger with SkyDox, a cloud collaboration company, and IdeaPlane, a social business platform provider.
Workshare will use the facility to accelerate the development of its enterprise-grade file sharing and collaboration product offerings for cloud, desktop, and mobile channels.
Led by Anthony Foy, CEO, Workshare provides secure enterprise file sharing and collaboration desktop, mobile, tablet, and online applications allowing individuals to create, share, and manage content in cloud storage, on any device. It also enables content owners to track and compare changes to shared documents from contributors simultaneously.
Workshare is currently used by more than 2 million professionals from companies representing semi-regulated and highly regulated sectors such as legal and professional services, banking and finance, life sciences, and healthcare, in 70 countries.