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 Dracoon, a Regensburg, Germany-based leader in secure and compliant file sharing and collaboration.
The amount of the deal was not disclosed.
This acquisition expands Kiteworks’ market commitment, accelerating its vision to deliver a platform for content security and compliance on a global scale.
Led by Managing Directors Dr. Björn Momsen, and Marc Schieder, Dracoon provides secure file sharing and collaboration services to over 500,000 users worldwide, including major companies across industries like transportation, finance, healthcare, and more. With industry-specific solutions and certifications like BSI C5, IPW PS 951, and ISO 27001, 27017, and 27018 that meet the highest security standards, Dracoon enables efficient and compliant file sharing, along with features like encrypted email and cloud drive integration. It used by Deutsche Bahn, Thyssenkrupp, Telekom, Helios Kliniken, and other leading organizations. The company was backed by Round2 Capital, Experium, High-Tech Gründerfonds, WENVEST Capital, AVG Vermögensverwaltung, die Bayerische Beteiligungsgesellschaft (BayBG), P+W Media.
Led by Jonathan Yaron, Chairman and CEO, Kiteworks 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