Kiteworks, a San Mateo, Calif.-based company that delivers data privacy and compliance for sensitive content communications through customer-enabled Private Content Networks (PCN), entered into a definitive agreement to merge with ownCloud, a Nuremberg, Germany-based leader in secure and compliant file sharing and collaboration.
The amount of the deal was not disclosed.
Led by Tobias Gerlinger, CEO and Managing Director, ownCloud develops and provides open-source software for content collaboration, allowing teams to share and work on files regardless of device or location. More than 200 million users worldwide use ownCloud as an alternative to public clouds—and thereby opt for more digital sovereignty, security, and data protection. The company was backed by General Catalyst Partners, among others.
The ownCloud mergers represent a pivotal milestone in Kiteworks’ dedication to enabling organizations to securely collaborate with customers, partners, and employees through secure file and email data exchange across a PCN. In the short term, ownCloud’s customers and partners have the opportunity to gain access to the expanded security and compliance capabilities of Kiteworks. Over time, the combined human and technological resources from the two companies will advance data governance and controls for regulated industries in the DACH market by enabling them to realize zero-trust policy management for sensitive content communications on one platform.
Led by Jonathan Yaron, Chairman and CEO, Kiteworks is a platform that provides customers with a Private Content Network that delivers content governance, compliance, and protection. The platform unifies, tracks, controls, and secures sensitive content moving within, into, and out of their organization, significantly improving risk management and ensuring regulatory compliance on all sensitive content communications. Kiteworks protects over 35 million end users for over 3,800 global enterprises and government agencies.
FinSMEs
23/11/2023