Accellion, Inc., a Palo Alto, CA-based provider of an enterprise content firewall that consolidates, controls, and secures sensitive third party communications, raised $120m in financing.
The round was led by Bregal Sagemount.
The company intends to use the funds to accelerate its acquisition growth.
Led by Jonathan Yaron, Chief Executive Officer, Accellion provides an enterprise content firewall that protects the IP, PII, PHI, and other sensitive content that companies share everyday with suppliers, customers, and partners. By consolidating security across common 3rd party communication channels, the system provides visibility and security, while simplifying IT infrastructure to reduce costs. To date, the company has protected more than 25 million end users at more than 3,000 global corporations and government agencies, including NYC Health + Hospitals; KPMG; Kaiser Permanente; Latham & Watkins; National Park Service; Umpqua Bank; Tyler Technologies; and the National Institute for Standards and Technology (NIST).