Actiance Closes $28M Growth Funding

actianceActiance, a Redwood City, California-based provider of compliance, security, archiving and eDiscovery for all critical business communications, closed a $28m in late-stage growth funding.

Backers included new investor Golub Capital and existing investors Credit Suisse NEXT Investors, JK&B Capital, Scale Venture Partners and Sutter Hill Ventures.

The company intends to funds to accelerate go-to-market initiatives for Alcatraz, extend product innovation and scale globally, opening new data centers in Europe (in Frankfurt and Amsterdam) and introduce new capabilities.

Led by Kailash Ambwani, CEO, Actiance is a global leader in communication, collaboration, and social media governance for the enterprise. The Actiance platform provides real-time content monitoring, centralized policy management, contextual capture of content and smart archiving. Its newly launched Alcatraz provides customers across the financial services and insurance industries with a cloud-based content store for email and social communication channels.

Actiance supports 72+ leading social media, unified communications, collaboration, and IM platforms, including Facebook (FB), LinkedIn (LNKD), Twitter, Google (GOOG), Yahoo! (YHOO), Skype, IBM, (IBM), Jive (JIVE), Microsoft (MSFT), Cisco (CSCO), and (CRM).



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